How To Start A Hotel Business In Nigeria

04 Jun, 2021

Action Points For Launching A New Hotel Business. This will give your hotel business both local and international exposure.

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Your first step is to determine what class of hotel you want to build.

How to start a hotel business in nigeria. For instance a resort hotel will do well in a place where there are tourist sites. It is a business that cannot be started in any location. Follow these steps to start your hotel business in Nigeria.

Hotel Business in Nigeria is one of the businesses that guarantees all season profit for the owner. Register your hotel at the appropriate commission For your hotel business you will need to register with the Corporate Affairs Commission CAC and the Nigerian Tourism Development Commission NTDC. Please note that this is just a guide and you might need to add a few more based on your location or how flexible you want the business to be.

Before setting up a hotel one must carefully consider which of the hotels mentioned above will be most suitable for the environment and location he intends to build. You should likewise choose if you need to start your guest house from the scratch or purchase and repair. Affordable etc Determine the ideal location for your hotel.

Study the business intently. Decide what kind of amenities youd like to offer like free breakfast or relaxation areas and understand what your customers are looking for. Profitability of hotel business in Nigeria.

As a matter of fact you will need approval from the local council and other regulating authorities in the city you intend opening your hotel facility business. Determine the type of hotel you would like to start eg how many rooms luxury vs. Regardless of the form you are planning for the hotel to take or the level at which you want to start it is imperative that you take time to study the business.

Build A Small But Nice Suits. Package a Business. Buy a franchise name.

Any smart investor who venture into it will have REASONS to smile in no time. Carry out a feasibility study. Determine Your Hotel Classification.

Choosing the Best Location. Hire staff and get them trained Customer service is at the core of this business and as such you cant afford to do without trained staffs. Get Your Hotel Business Right From The Start.

In Nigeria hotel business is best located in areas with bubbling nightlife as well as places surrounded by highbrow companies organizations and tertiary institutions. In order words determine who. Starting Up a Hotel Business in Nigeria.

For your hotel business you will need to register with the Corporate Affairs Commission CAC and the Nigerian Tourism Development Commission NTDC. This sample Hotel Business Plan In Nigeria can be used for Grant Applications Bank Loans Proposal writing Business Concept Note Competitions etc. Choose a Suitable Location for your Business.

How to start a hotelguest house business. An online dictionary defines feasibility study as an assessment of the practicality of a proposed plan or project. Set Up Your Structure.

Additionally a business plan helps you in running your hotel properly. Erect Your Hotel Buildings Before youre able to build the physical structures for your hotel business youre expected to have acquired a sizeable tract of land and obtained the necessary approval from the relevant ministry of land. 20 Tips to Start HeadhuntingRecruitment Business in Nigeria 6.

Register Your Hotel Name. Registering with the NTDC gives the advantage of having your hotel listed in their official tourism guide. Hotel Business Plan in Nigeria.

Good name they say is better than silver and gold Choose a very attractive name for your hotel some names attracts. I have been working as an hotel supervisor manager for some years now and can boldly tell you that the business is good and money making machine if its been sited in a cool locationFirstly you need to have moneymillions of nairasay 200000 000 to build a standard hotel that people will admire. One prevalent method for beginning a guest house business is to purchase an existing respectable guest house business by franchise.

Your business plan must sell it must speak for the business. Hotel Business Plan is a lucrative business that needs a lot of strategic Planning to start and a business coach like Dayo Adetiloye to help you start the Implementation. There is no more land in Lagos you need to buy an existing property and demolished it then erect your own or you can look for a re sell land owner to build the hotel.

Starting a hotel facility business comes with its own challenges. If you want to run a small hotel or guesthouse determine where you want your hotel to be located and research other hotels or BBs in the area. Contrary to some articles online that is trying very hard to explain why hotel business in Nigeria is unprofitable the truth is that you can actually make big money in.

Choose A Nice Location. Employ The Best of Staffs. The Corporate Affairs Commission of Nigeria is the body you have to go through to have your business registered.

This is why you must have detailed and well-constructed strategies in place. Determine whether you will build your hotel from scratch or renovate an existing structure. At this point it is expedient to discuss the different steps involved in starting up a hotel.

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