Detailed Report
On Hotel
A hotel is a temporary lodging establishment that provides accommodations, meals, and various services to travelers and guests. It offers a comfortable and convenient place to stay while away from home.
What is Hotel?
Detailed Report on Hotel is as follows.
A Hotel is a professionally run establishment that offers various people short-term, overnight accommodations in exchange for money. A motel caters primarily to tourists. Different types of hotels cater to different segments of the populace. Because they are effective at raising recognition and booking volume, hotel operators are putting the newest social media marketing strategies into practice.
The hotel industry is a subset of the service or hospitality sector that exclusively and essentially deals with lodging for overnight visitors. The definition of the ‘hotel industry’ is not only limited to just hotels, there are several maintained establishments that provide overnight accommodations and other services like hotels, but may not explicitly fall into the category of a ‘hotel’. The hotel business is made up of a wide variety of establishments, including motels, botels, inns, serviced apartments, hostels, guest houses, road-houses, and bed and breakfasts (B&B).
Hotels frequently include a variety of different amenities and services in addition to a place to sleep, such as restaurants, bars, fitness centers, swimming pools, conference and event facilities, room service, and concierge services. Many hotels also consider their visitors’ special requirements, including those with disabilities, and provide accessible amenities to guarantee inclusion.
Hotels acts as the tourists’ temporary homes, providing a comfortable and secure setting in which to rest, conduct business, or explore new destinations. Hotels, whether for business or pleasure, play an important part in the travel and tourism industry, adding to the entire experience and happiness of travelers all over the world.
Detailed Report Sample On Hotel
Market Potential Of Hotel
The main performance indicators for the hotel industry that determine success rate are revenue per available room (RevPAR), average daily rate (ADR), and occupancy rates. The GST combined all the taxes and reduced company expenses for consumers, which was bad for the hotel industry. The Indian hotel industry is predicted to have a value of 11,920 INR by 2023, a RevPAR of $12,400 per year, and a compound annual growth rate (CAGR) of 13% from 2018 to 2023, per the projections from 2019.
The RevPAR in the Post-COVID era is predicted to recover by 2021 or 2022 after experiencing a decline of almost 48% in 2020 thanks to the adoption of a new dynamic, domestic tourism, government-aided schemes, and significant packages. The pandemic’s removal of numerous rivals from the market is expected to fuel further growth in the organized segment of the lodging industry. IHCL, Chalet Hotels, ITC Ltd., Radisson Hotels Pvt. Ltd., Intercontinental Hotels Group Pvt. Ltd., Wyndham, Lemon Tree Hotels Ltd., EIH Associated Hotels Ltd., and Bharat Hotels Ltd. are the principal brands and businesses in the contemporary hotel market environment. Post-COVID, recovery was also swift.
Contents of Project Report
A project report helps you identify whether a project is worth pursuing. It presents the holistic view and brings complete insight of the business and its activity.
It acts as a guide for all the business operations, aids in taking all financial decisions related to the existing businesses and to the start-ups. It serves as roadmap to the business and provides information to the outsider who are wanting to know more about the business.
You will have the opportunity to build new goals and expansion ideas in one single document. Everyone, from the banks to potential investors, will need to have a look at the project report before they shell out any money.
A well drafted project report generally consists details about:
- Brief History of the Business
- The Promoters
- SWOT Analysis
- Industry Outlook
- Past Financial Statements
- Projected Financial Statements
- Infrastructure and Human Resource required
- CMA data
- Business model
- Requirement of Working Capital Funds
- Means of Finance
Other relevant information, if any.