Best Answer

The Industry

Travel and tourism is the nation's largest services export industry, third largest retail sales industry, and one of America's largest employers. In fact, it is the second, or third largest employer in 29 states. The tourism industry includes over 15 interrelated businesses, from lodging establishments, Airlines and restaurants to cruise lines, car rental firms, travel agents, and tour operators. According to a survey conducted by the Travel Industry Association, travel spending by domestic and international visitors in 2008 is forecast to increase 5.2 percent, to $778.2 billion, up from projected full-year 2007 travel spending of $740 billion, which would be a 5.7 percent increase over 2006. Domestic leisure trips are expected to continue an upward trend of modest growth in 2008, climbing 2 percent to 1.6 billion trips. Domestic leisure trips are expected to finish 2007 up 2.5 percent over last year. Travel for business in 2008 is expected to remain stable, increasing by 0.4 percent, registering nearly 502 million trips. This slight increase will offset a projected decline of 1.7 percent in business travel for 2007, compared with a year ago. International travel (including visitors from Canada and Mexico) to the United States is expected to rise 3.7 percent in 2008 to 55.6 million visitors, following a projected 5.1 percent increase for 2007.The lodging industry is a cyclical business and when coming out of a recession, hotels initially see an increase in occupancy, followed by gains in operating expenses, room rates, and finally, profits. In 2005, U.S. Hotels achieved significant increases in occupancy and stronger ADR growth that has translated into record growth in 2006 that began to slow in 2007. In 2008 however slower growth in both categories is expected and Occupancy growth may be peaking now in the cycle. This recovery portion of this cycle is now 4 years old as we probably hit bottom in the fourth quarter of 2003. Demand is slowing but higher ADR and REVPar growth will hold the Industry into continued solid but slower revenue growth in 2008 as the Economy continues to slow and operators deal with higher commodities and energy prices in the face of a consumer with lower disposable income.

Whether you are starting a new Hotel are looking to raise additional capital to expand your currently profitable Hotel/Motel, or looking to evaluate and value your Hotel/Motel to sell, current statistics prove that you will do much better with a business plan than without. According to Dunn and Bradstreet the primary reasons for failure vary, but all of the reasons come under the category of poor planning. You are a part of a 23.8 billion dollar lodging Industry in the United States representing one of the most competitive Industries in the world. Your management decisions will decide whether your Inn survives or thrives in the face of increased competition. The most important benefit of a business plan is that it sets the stage for the future of your business as you want it to be positioned in the marketplace. A business plan will make it easy for your banker to take action as he/she gains insight into the details of your Inn and the goals that you have outlined. Potential investors can review your plan and decide whether or not to make an investment based upon the risk. You will benefit most as you study and gain detailed insight into your own operations. Updating and constantly reviewing your plan will give you more insight as both a manager and decision maker.

User Avatar

Wiki User

โˆ™ 2010-09-04 06:57:12
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Where can you find examples of a hotel business plan?
Write your answer...
Related questions

Where can you find examples of soul food restaurant business plan?


Where can I find good business plan examples online?

I would recommend using this link, to write a business plan. It provides examples and also gives advice as to the best way to create a business plan.

Where could a company find a business plan?

There are many places where to find a business plan. Consider books or articles on starting your own business. Additionally, the internet has many resources and examples of business plans available to access.

Where can one find an example of a business plan?

On the internet, there are many websites that have excellent tips and examples of business plans. Entrepeneur, Bplans and About websites have examples of business plans.

Where can I find some business plan examples?

There are many online sites offering free Business plan examples. A couple of sites that you can look at are: and

Responsibilities of Sales manager in hotel?

what in the business plan for sales manager in hotel

Where is the free business plan for a guest house?

You might find a free business plan for a guest house or a rental home online at places like Entrepreneur or BPlans. Simply access the business plan section and search for "hotel" or "bed and breakfast."

Where can you find a logistic business plan?

= Trucking Business Plan =

Where can you get a hotel business plan sample?

I want to know as well.

business plan example free online?

I think you can find to get a business plan example that is free online in Here you can find the information that you needed for your business plan.

Can anyone suggest you How you open a hotel business?

In order to open a hotel business, you will first have to come up with a business plan. This is where you will determine things such as how you will finance your business, where your business will be located and how many employees you will have. Look for property where you can locate your hotel. It will probably be less expensive to buy an old hotel rather than building one.

How do I write a business plan for a resturant?

Writing a business plan for a restaurant can be challenging but you can follow the basic steps and it will be easy. Examples of business plans can be found online.

Where can you find free examples of counseling business plan?

I have found a sample business plan on the SBA site but it does not fulfill my requirements and would appreciate any help with this. I want something that is specific to the industry. Thanks Counselingone @gmail

Where can I find a sample business plan for an insurance agency?

There is Business plan software available for purchase

Using Examples To Write Your Business Plan?

Coming up with a business plan for your company can be tricky, but you should be able to do it on your own. One way to get a better idea of how to do your business plan is to take a look at a good business plan sample to get a better idea of what you need to do.

Where can an example of a business plan be found?

Examples of a business plan can be found in business books that you can get in your local library or bookstore, on Microsoft Document programs and on websites like BPlan and Small Business Helpers.

Can I find the business plan for the Humane Society?


Where could one find consulting advice on a business plan?

Business plan consultants can be found on the website Business. Grow Think, Business Plan Journal, and Cayenne Consulting are other wonderful resources.

What are examples of business plan?

The type of business plan you need depends on the type of business you are doing the plan for. In general you need to provide as much information as possible regarding projected expenditure, income & capital expenditure. There are numerous web sites that provide templates for the sort of business plan needed.

Can you give me examples of a polvoron business plan?

can you give me examples of polvoron business plan? i just searching, first you have to know the target market... the business plan for polvoron is not to have only to identify the SWOT analysis,target market and the feasible flow of your product in the market..because im also want to get some example of business plan for polvoron for my feasibility study for me to have some ideas and guidelines for my proposal..

Where can you find examples of a nightclub business plan?

Nightclub Business PlanA nightclub (often shortened to club) is defined as an entertainment venue which does its primary business after dark - places that see a lot of socializing, dancing, eating and drinking. Recently several new business models have entered the marketplace: non-smoking and alcohol free nightclubs.

Where can one find information on a business plan?

You can find information about what a business plan is on the wikipedia encyclopedia website. Alternatively if you wanted tips on how to make your own business plan then you could check the entrepeneur website or inventers section on the about website for tips and guides.

The main purpose of writing a business plan is to?

The main purpose of writing a business plan is to have a clear objective establishing what is significant about the business. Some examples of what should be thought about is who the target customer is, how to market to the customer, what does it cost to operate the business, and goals of the business.

What is a small business plan?

A small business plan outlines your proposed business detailing the need for your business in your community (customers, projected sales), what you're selling, pricing, and any other detail that is related to the success of your business. Examples can be found online.

Is a simple business plan template available?

Multiple simple business plan templates can be found online. Microsoft has a template for business plans available for Microsoft word. Examples of simple business plans are readily available on the internet, as are simple business plan templates from companies other than Microsoft.