Is owning a resort a profitable business?

Reedex

Well Known

Member

Jan 8, 2023

6,801

103

Dex

$0.002

Raw Dex

$0.001

• Jan 13, 2023

• #21

Owning a resort could be very profitable but it is a business that is capital intensive and not a business for just anyhow person.

 

hastral45

Notable

Member

Sep 16, 2022

3,808

323

Dex

$0.000

Raw Dex

$0.000

• Jan 13, 2023

• #22

I don't know of other countries o, but in Nigeria, we are entertaining in nature. Every weekends is an event day. That is why running resorts centre's is profitable.

 

eldavis

Very Familiar

Member

Sep 4, 2022

14,901

660

Dex

$0.000

Raw Dex

$4.624

• Jan 13, 2023

• #23

Well if i have the capital, its not a bad idea building a resort for myself which i can also make public for others to come and relax as well for a specific fee, this is a great way to generate passive income.

 

R

RicAngelo

Notable

Member

Oct 10, 2022

2,083

439

Dex

$0.000

Raw Dex

$0.000

• Jan 13, 2023

• #24

AmazingJob said:

It depends on the location I suppose. If your resort is in the popular tourist spot, yes can be a good business as lots of tourist, local and international would like to experience different views in our country. But now, more places are being discovered. So the more places are discovered, the more people will want to go and visit.

Click to expand...

Yes, totally agree with Bojel, location is A MUST, many resort are build in popular tourist spot or beautiful location or island. And it takes a lot of money to build the good resort with complete facilities. Finding the right location is A MUST, again maybe you can make your resort as a new tourist spot, but before that make sure that your resort offer something that atract tourist come and spend more days at your resort. Or maybe your resort selling new concept that make tourist come and enjoy the new experience there. So, thats a lot of preparation and research before opening it.

 

Starmix

Popular

Member

Sep 2, 2022

29,979

3,693

Dex

$3.000

Raw Dex

$0.389

• Jan 14, 2023

• Thread starter
• #25

Owning a resort is a lucky one. It is a very profitable business. Many like to go to resorts to relax with family, weight group mates, classmates, officemates, or solo.

 

misha

Notable

Member

Dec 5, 2022

1,280

126

Dex

$0.000

Raw Dex

$0.000

• Jan 14, 2023

• #26

yes its very profitable business especially in hill stations

 

Starmix

Popular

Member

Sep 2, 2022

29,979

3,693

Dex

$3.000

Raw Dex

$0.389

• Jan 14, 2023

• Thread starter
• #27

misha said:

yes its very profitable business especially in hill stations

Click to expand...

We went to a resort in a hilly location. The resort was so stunning, cool. The owner is a millionaire. It's was so memorable.