Expense Projection Panda Tip: Describe your periodic expenses, of which you will have many if you are running a hotel.Tags: Nbn Business PlansWaste Paper TerminologyTutor Business PlanPaths In AccountingDefine Provisional ThesisDuhem-Quine Thesis PopperDidactic Program In Dietetics CourseworkRogerian Model Thesis
You want them to see your vision so get as detailed as possible – this is a big selling point in the hospitality industry.
You may also want to get into other services that your hotel will provide on-site. Additionally, you can describe the regular food services that you will offer – for instance, an on-site restaurant, a bar, or room service.
Licenses Panda Tip: Hospitality businesses will always need to get certain licenses that may vary across locations.
This is relevant for this portion of the plan and your requirements should be described in detail here.
This is something you should have already started to describe in your Executive Summary, but here is where you get into detail.
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If you have mockups of the facilities to be built and the rooms in which your guests will stay, you should absolutely include them here.
Personnel, licenses, and general expenses can also be described here.
Our Suppliers Panda Tip: When discussing supply arrangements you have, for food, furniture, or anything else that you need to purchase, you should first discuss any agreements you have entered and the basic terms of the agreement.
Remember, most of your clientele will be arriving from places outside your location so much of your marketing has to be directed outward.
FACILITIES/SERVICES Panda Tip: If your hotel has not been built, you will have to describe to your reader what your hotel is going to look like.