Build your professional network on facebook via our app Go to app
 
 
Posted in Community :

Marketing & Branding |

Business & Strategy

 
Started by : Sujatha srivastava, Associate/Senior Associate, AT Kearney   03 23 2011 05:53:50 +0000
Industry : FMCG/Foods/BeverageFunctional Area : Business Models(Strategy & Execution)
Activity:  82 views;  last activity : 05 03 2011 07:29:54 +0000

If tomorrow I set up a hotel what are the things I should keep in mind. The basic idea is investment won't be huge (not a five star luxury). The points I want to know should be more from a coomon man prospective and not just business based. good ideas would help to turn my prospective towards the important features.

 
 Refer 1570
Share
 
 
  Rate : 
 
 
 
 
  9 1 1 0 0
 
 
 
 
 
 
 
 
 
 
 
 
 
1 2 3 4 5
1 Location
2 Neat and Hygenic
3 USP (Unique Selling Proposition)
4 Skilled staff, most prefered menu, presentaion
5 Conduct market research,location,Plan a grand opening event
6 Experience
7 A few more points
8 To think about Innovative & Good service
9 Location and staff
10 Good food affordable price floating population
11 Ideal,profit making and truely ppraised eating out destination?
12 Quality of Food, Crowd, Ambience

Location

idea posted by Sujatha srivastava Associate/Senior Associate, AT Kearney

Right location like near shopping malls is something in my mind.

9
0
  
by Sairam. M, System Administrator  | 08 14 2011 18:53:42 +0000

YEAH NEAR SHOPPING MALLS IS THE RIGHT LOCATION, AS WE CAN SEE GREGARIOUSNESS....IT WILL DEFINITELY WORK.

 

 

ALL THE BEST.

0
  

The location and place should be very important where there must be more floating population to enter. Another important thing is to maintain the taste & quality of food to attract & retain customers. Thanks Ms.Sujatha and Mr.Virag Shah.

0
  
by Rathin Deb, Freelance Retail Consultant  | 03 24 2011 06:26:28 +0000

For success in such business there are three important things. which are Location, Location and Location if location is right the business will definitely be sucessful.

Add your argument:

Neat and Hygenic

idea posted by Suryanarayan Murthy Asst Vice President (Corporate Finance), A Hydro Power Project
One of my friends, who is an Engineer, set up a roadside eatery, after losing his job. He maintained hygenic conditions and quality (He used to hang the empty oil pouches near the eatery, to impress upon the customers that he is using high quality oil) He used to dress well and insisted on the couple of asistants to wear good clothes. It was a roaring success and he made good money. After running it for 3 years, he sold it for a profit and entered construction business.
1
0
  

As Mr. Suryanarayanan said good quality in food and the ingrediends used used and the very hyginic atmosphear will give success to this kind of business.e.g Saravana Bhavan hotel groups .

Add your argument:

USP (Unique Selling Proposition)

idea posted by S. Muralidharan Executive Director, Knowledge Foundation & Campus Around the Corner
Market Research on location, demography, age groups, general eating habits, earnings of household, preferences, and above all, SWOT analysis are must for any new proposition. On top of that, you should have a Unique Selling Proposition for creating brand equity is must, similar to McDonalds (Hamburgers), Dominos (Pizzas), Saravana Bhavan (South Indian cuisines), etc.
1
No supporting Arguments for this idea
Add your argument:

Skilled staff, most prefered menu, presentaion

idea posted by KALIYAMOORTHY Oil & Gas Area Coordinator, Undisclosed

Select an ideal menu thats , really, on demand there. Accordingly, choose the skilled professional for preparrtion, presentation. Basically, items needs to be sumptuous & delicacy. Menu is to cater the maximum demand of people for whom you plan for.

Once the orientation of good items are established, it is immaterial where you prepare & serve it. PEOPLE THRONG TO THE PLACE WHERE THEY GET NICE DELICACY & TASTE TO THEIR BUDS.

0
No supporting Arguments for this idea
Add your argument:

Conduct market research,location,Plan a grand opening event

idea posted by manish kumar SEO | Web-cms Developer | FreeTips-- shoot me an email | Mobile SEO | Do more than Just !

Conduct market research: For example, if your hotel business will be targeted toward business travelers, make sure the demand for hotel services is higher then supply. Check out similar businesses in your area, and chat with management about how busy they are. For example, the hotel may only be at 50 percent capacity during peak season, which is a good indicator of the market potential. Also, check out hotel franchise opportunities Choose your location.

For a hotel business, location is essential to your success. For example, a hotel focusing on traveling families might choose to be located close to the freeway for easy access.

Plan a grand opening event:

During this event, offer discounted prices on your rooms and food (if you serve food). Reach out to your local chamber of commerce, and invite members to check out your hotel. You can also hire radio stations to report from the event, and give away free door prizes to generate interest.

0
No supporting Arguments for this idea
Add your argument:

Experience

idea posted by Gopala Krishnan.H CMD, DJA-Inc
If you have personal experience, you can do better. Join a hotel of the size you intend, right at very low job, take more resposibility and work hard. Know the finer points, then start planning. Wish you all success
0
No supporting Arguments for this idea
Add your argument:

A few more points

idea posted by G A Narayan VP - Marketing, KE Housing P. Ltd.

Survey : See if there has been a restaurant / eatery in the same premises and if it dint succeed then don't take that space for your food eatery.

Good Food : Employ the right person to make the food, even if you have to pay more. For example, a person near my place started a South Indian Veg restaurant. He employed North East Indian persons and thaught them how to make Sambar and Dosas. The food was horrible and the place was in the verge of closing. He then changed it into a non-veg restaurant serving Muglai food. Then too it failed miserably. What he should have done is to employ south Indian cooks or Muglai food cooks or changed the restaurant to a North East Indian Delicacy eatery. He is still wondering as to why his restaurant is not succeeding. 

Quality and Quantity must be relative to the price charged : Go to a Chinese restaurant. He shall charge Rs. X for a plate of Fried Rice and give large portions for the money you pay. Whereas if you go to a south Indian restaurant and order fried rice, you would get small portions whereas you end up paying almost the same price as you would do in a Chinese restaurant. 

0
No supporting Arguments for this idea
Add your argument:

To think about Innovative & Good service

idea posted by Virag Shah Confidential
Ms.Sujatha, Above all mentioned are basic requirement in every business. As per my opinion you should more think about how many type of srevice will you provide? Innovative and good service will your core competency in your business. If location, survey is ok but if will you be not able to provide good and extraordinary service, you may be fail. So decide about service is most important point... All the best.
0
No supporting Arguments for this idea
Add your argument:

Location and staff

idea posted by Jaygopal Raghavan Marketing Manager, Landmark Group
First preqiisite for a hotel is the location be it a diner or a hotel and the second most important aspect is the staff. Not only should your staff be hygeinic and courteous but also quick on their feet to serve the guest efficiently. Above all the most important staff is your cook, for if the food prepared is not delicious, people would stop coming to your hotel.
0
No supporting Arguments for this idea
Add your argument:

Good food affordable price floating population

idea posted by kanukurthy sudershanrao Operations Manager, Andhra Bank
These are three basic things which will make your business success.
0
No supporting Arguments for this idea
Add your argument:

Ideal,profit making and truely ppraised eating out destination?

idea posted by LAXMAN KESHWALA Freelancer, Telecom/ISP
To make it unique,you have to give quality service for every time.Some extra services which are not provided in normal hotels,gift for visitors,guide books and time tables of travels.Tickets/reservation.Entertainment and communication facilities at free.
0
No supporting Arguments for this idea
Add your argument:

Quality of Food, Crowd, Ambience

idea posted by Harnish Jain Assistant Manager - IT (Tech Support), CeX WeBuy Entertainment Pvt. Ltd.
Quality of food is a basic ingredient here. The Ambience also can uplift the place. The kind-of-crowd also does matter at times.
0
No supporting Arguments for this idea
Add your argument:

Add your Idea
Idea* : 
Add your argument:
edit in rich text ...
Could not find any idea interesting in: "Ideal , profit making and truely praised eating out destination?" ? Click here to add a new idea...

Found the idea contest "Ideal , profit making and truely praised eating out destination?"  interesting ?  Click here to refer to your connections and communities
Redefining Recruitment
Redefining Recruitment
Viewers also viewed
In a blind test unbranded entities fare better than branded entities .  I market a detergent...
 
0 referals 5 arguments, 168 views
To highlight the brand why there will be at least a Girl with brand promoting T-Shirt. Why not...
 
0 referals 16 arguments, 656 views
Danger to India's BPOs and Call Centres? vs No danger to Indian economy!
 
381 referals 10 arguments, 405 views
more...  
Recent Knowledge (4)
we all know the perils of talking on cell phones while driving. besides being hazourdous to...
 
290 referals 2 votes, 36 views
 
202 referals 3 votes, 135 views
more...  
More From Author
The National Sample Survey Organization(NSSO) discovered in its survey that almost half the country's farmers would abandon farming if they could find another occupation. If the FARMER does not grow food what will we eat ??? It is not like...
Today I read these three diferrent news story related to environment. 1. Desert geopark in China : What is a geopark ? Geopark is a place where rare geological landforms are preserved in an undisturbed state and where low impact recreation,...
The local currency dropped by Rs 1.24 against the dollar to close at 49.58 and is now expected to further weaken to below Rs 50 against the dollar. One dollor right now is equal to 49.58 Rs and time is not far when it will be more than Rs 50!...
more...