Opening of the Seahotel on the Empty Grounds

by Olha Povaliaieva
Thursday, February 17, 2022
Opening of the Seahotel on the Empty Grounds

The opening of the business-class hotel will require a large investment and a long payback period

In Ukraine, the opening of the mini-hotel will be profitable. To start it, a businessman would need to:

  • Analysis market and seasonality

Ukrainians travel to the sea during the warm season. Therefore, a significant profit is possible from May to the end of September. It's worth considering when the owner of the land makes a investing-in-ukraine/service-for-investors/business-plan-development/" rel="dofollow">business plan. The objective and subjective circumstances of the location should also be analyzed before opening the hotel from scratch. The main ones are considered to be the development of infrastructure and competitors' success.

  • Risk assessment

Every business has the laws of economics that define its prospects.

  • Organizational issues

At this stage, it is necessary to register for the future hotel to obtain the required licenses and permits.

  • Production part

This is the stage where large works begin. Since the hotel will be completely new, it is necessary to design and technical project for it. According to the project, after the construction of the building, repairs and interior filling are made.

  • Hiring

The new hotel will require a cleaning woman, a cook, a sales manager, an administrator, a security guard, and others. If the hotel has access to the beach or pool, hiring an additional cleaning service is necessary.

It is also important to remember that both new and existing businesses need to be advertised and promoted at any stage.

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