Traditional Culture Encyclopedia - Hotel reservation - How much can I get back by opening a hotel for a year?
How much can I get back by opening a hotel for a year?
The chance of earning 100 million a year is slim or even impossible. The hotel is losing money at first, so you may need to prepare some funds to deal with the loss. During the hotel preparation, it is necessary to plan the business model, organizational structure, planning management model, training, publicity, contacts and so on. Finally, after the hotel is built for half a year or a year. All this takes time, and the expenses during this period are very huge. If you can't get out, I think you should wait until the management and operation are on the right track before thinking about making money. The hardest part is actually in the beginning As long as you have a good location and you can afford it, the hotel industry is very profitable even if you don't manage it with your heart.
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