Nearly every city in the country has at least one or two hotels. There are countless hotels serving business travelers, tourists, and more in big cities. While the hospitality industry comes with plenty of challenges and ample existing competition, there may be room in the right market to open your own hotel franchise location. So, what does it take to run your own hotel? Let’s take a closer look.
It might go without saying, but hotels don’t close; the very nature of the business dictates that they are open all night. That doesn’t mean you need to work 24 hours a day, of course, but you can expect the hours to be long at the start. With a tight budget and a need to learn on the job, you are likely to spend most of your time running this new business. As you gain traction and get a firmer financial footing, you should gradually remove yourself from the operations by hiring and training the right people.
A Need for Problem Solvers
Running a hotel can be thought of in the simplest terms as solving one problem after another. Whether dealing with guest problems, addressing maintenance issues, managing the staff, or anything else that might come up, being a steady problem solver will serve you well in this industry. Those easily stressed by challenging situations or who don’t like to think on their feet might not be a good fit. Think about how you want to work and whether or not you would be up for the challenge that comes with running a busy, active hotel. If this is a good fit for your personality, the opportunity is exciting, and the sky is the limit.