Is operating a hotel a lifetime business?

[Starmix]

Unless the hotel is not insured because when it is gotten by fire, a million losses are inevitable to happen. It could be a lifetime business if cared for and managed well, if not, people who like to stay may get discouraged if see the hotel dirty and the beddings and pillows bad looking. What is your impression once stay in a hotel ? What is the first thing you will check? usually, the cleanliness and the accommodations.

 

[Shavkat]

If it is located in one of the tourist attractions in a country, I am sure it is feasible to have them constructed with good amenities, too.

 

[Starmix]

If it is located in one of the tourist attractions in a country, I am sure it is feasible to have them constructed with good amenities, too.

That is right, if I only have a million capital, I surely operate this kind of business.

 

[Niyi Briggs]

Yes it should be if managed properly. Hotels even outlive the first founders. The bottom line is that there must be a proper management in place.

 

[Starmix]

If a hotel is mismanaged that's surely be its fate. There is a hotel here in our city mismanaged, dirty, poor services, the hotel slowly fell down to bankruptcy.

 

[eldavis]

Yes operating a hotel can actually become a life time business that can even be passed on from one generation to another. The most important thing here is that the property should be well taken care of.

 

[Starmix]

A hotel that is abused by the owner soon will turn down. The users need a clean hotel with good services. The food must be of good service too. It's one best experience the hotel occupant cannot forget, the food service that's superb.

 

[Shavkat]

That is right, if I only have a million capital, I surely operate this kind of business.

Who knows? It will happen in the future. If I can only win a lottery, I will surely have this business. Let me try to play lotto tomorrow. I might have the luck of having it.

 

[Niyi Briggs]

Any business that has to do with real estate is surely a lifetime business. Hotel grows in reputation overtime unless it is not managed well. It gets more profitable as the years roll by if it keeps on upgrading.

 

[Heatman]

If it is located in one of the tourist attractions in a country, I am sure it is feasible to have them constructed with good amenities, too.

Location is a very big consideration for anyone that is starting up a hotel business because if your hotel is not situated in a place where clients will have good access to it, you will find it very difficult to have those that will make use of your services.

 

[LoukiaCharilaou]

That is right, if I only have a million capital, I surely operate this kind of business.

I like this business too because it is very profitable. I wish I had the money to start this type of business.

 

[Stardom22]

Yes I think it can be very lifetime business. Any business associated with the selling of foods is very much highly profitable. This is simply because food is a fast moving thing.

 

[Starmix]

Who knows? It will happen in the future. If I can only win a lottery, I will surely have this business. Let me try to play lotto tomorrow. I might have the luck of having it.

Yes, we do not know what lies ahead of us, luck or no luck. The Lotto thing can be a chance to become rich if life is good to us. This day, I read the news two retirees won Lotto. The two of them received 78 million pesos. They are lucky, hoping their relatives won't abuse them.

 

[cherry123]

it can be a lifetime business just get them located in one of the tourist attractions area and constructwith good amenities, you would have people lodging there all the time

 

[IB D]

If you keep on upgrading your hotel to meet up with modern standards, the hotel would serve for a very long time. It is one business that parents bequeath to their children.

 

[Starmix]

it can be a lifetime business just get them located in one of the tourist attractions area and constructwith good amenities, you would have people lodging there all the time

It is a very good business and it is good as a passive income, it seems like living in interest with the income of the hotel. How good to have an investment like this. We only lack millions capital.