Hospitality Property School

When travel starts to return and the world begins opening up, it is going to be a slow and staggered process. You have to be ready and I’m going to tell you how to start.For the sake of this episode, I'm going to assume you're either starting a hotel, resort, inn or bed and breakfast from scratch or are hoping to improve your current business. Where do you start?How about at the beginning?Let's go through a step by step process Sleep aroundVisit other hospitality properties similar to what you are thinking of operating, in the area you're considering to open. Talk with the owners and find out their pros and cons. Don't be rushed to find the right location If you're dealing with the real estate agent, find one that's willing to take the time to find you the best deal. If you feel you're being pressured by them, my first instinct is to always walk away. Study the surroundings - Look for elements that could affect a site For example:• Is the area prone to flooding• Where the winds come from?Consider othe