Appreciate so much for the guide and info on how i will start with our own plan. Yes, I am working on it in Philippine setting. However, I have no other choice of business location; but to stick to where our building was erected. I must say that the location is a part of a residential subdivision but along a national road of 3rd class city in Metro Manila. As to foot traffic, the volume is still below the standard. There are neither tourist attractions in our area. Only one thing that encourages us to pursue the business is a lone hotel 3 kms away from us which was existing for more than 5 years now. These are the realitiies which I have yet to see if the project is feasible depending on my research result and a business plan (accompanied with a forecasted financial statement for 5 years).

I will appreciate receiving further advices, suggestions, etc from your end.

Thank you so much.

A friend “..from a distance…”

Lilian

There are a lot of materials on the internet on how to start crafting a business plan. However, start with the basics. Look for “Porter’s Five Analysis”, that should be a good starting place.

Next, read a lot about the hotel industry in the Philippines. It’s a must. You must know and understand the industry that you are going into. Who are the main players, who will you be competing against, what are they offering vis-a-vis what you will be offering. Understand why tourists or clients would prefer your hotel. What’s in your hotel that will be a come-on to them.

Know your pricing. You can get the pricing from competing hotels so you would know where to place yours in a way that would be good for your business.

Where are you going to get your revenues. How are you going to divide your rooms. De luxe, regular, etc. How many people do you need to man your hotel. How much will you be giving them as salaries, service charges.

Understand the cost of renovations, maintenance and all that. As always you start with research, research, research.

I would assume you are in the Philippines. Don’t forget to visit your local DTI and ask for assistance.

I’ve thrown you a lot of q’s. But that’s where you start. Don’t do your income statement as of yet. Get all those info and start from there.

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now ko lang nakita to! many thanks! hope to hear from your bro and boss about this!

reynz´s last blog post..My Obama. Your Obama. Our Obama.

I came across your blog as I am starting my own plan for the same industry – a 1st-2nd class hotel. I wish to convert our 3-storey building to said business after experiencing the hassle of building maintenance with increasing costs and handling tenants’ complaints with very minimal return on our investment.

I wish to solicit your kind assistance on how, and where to start with said plan. Though, my first job was with a 3-star hotel in Ermita years ago, I have zero knowledge of the business. However, being an accountant, my husband entrusted me with the responsibility of preparing a business plan.

Looking for your reply. Thank you.

Lilian

Maybe you want to keep in-touch with them?

BTW thanks for passing by my blog Merry Christmas!

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yung total na service charge ng buong buwan ang pinaghahatian talaga. katulad nung asa isang casino hotel ako nag ta trabaho, yung service charge namin umaabot minsan from 8-15 thou per month. sarap ano?

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I think ang kaibahan is that yong Tips are reported kaso
backed out in full – yong service charges daw accounted
for separately and then passed on 100% sa employees
kaya pala it’s not treated as revenues.

i hope me makabasang tiga-hotels nito and correct me if
i’m wrong – kasi un ang pag-kakaintindi ko

reynz´s last blog post..I need help on a hotel business plan project

reynz´s last blog post..I need help on a hotel business plan project

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Nakaoka paid a 20 percent service charge of $3,566.38 on the food and beverage. Nakaoka said he was not told that the entire amount did not go to the employees who provided the services.

The lawsuit is seeking to obtain damages for all customers who have paid the service charge to the hotel in connection with buying food or beverages. Attorney Brandee Faria told PBN that under the statute, customers from as far back as at least four years ago can be included in the class action.

Link: http://www.bizjournals.com/pacific/stories/2008/12/01/daily76.html

reynz´s last blog post..I need help on a hotel business plan project