7 Hotel Consulting Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Hotel Consulting Business

A hotel consulting business provides professional advice to investors or individuals interested in the hospitality industry. Another role of a hotel consultant is analyzing the hospitality industry and advising the hotel and resort owners on how to build a thriving business.

To start and operate a successful hotel consulting agency, focus on gaining industry knowledge and earning years of experience in hotel management.

Here are some real life success stories of starting a hotel consulting business:

1. Ancient Lore Village ($6M/year)

Tom Boyd, an experienced entrepreneur, came up with the idea for Boyd Hollow Resorts after witnessing intolerance and hatred during his son's campaign for governor. He decided to change the direction of his book and wrote about a place where people could live together in peace and happiness. To test this theory, he decided to build a village called Ancient Lore that would serve as a 5-star boutique resort and event center. The uniqueness of the village has garnered substantial press and early financial success, with over 200 inquiries for events before its official opening in January 2021. Boyd's goal is to build seven more villages over the next five years, with a projected combined income of $76 million.

How much they make: $6M/year
How much did it cost to start: $10M
Current team size: 3

Starting A 5 Star Boutique Resort And Event Center Based On A Fiction Book Lore

Boyd Hollow Resorts is launching a 5-star boutique resort and event center based on a fiction book that will be the first of many Villages to be built around the world, with over 200 event inquiries received before launching.

About

Tom started Ancient Lore Village about 5 years ago

Revenue

Tom grew the business to $500K/month

Costs

It cost Tom $10000000 to start the business

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So... can you actually make money with a hotel consulting business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

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4. Marriott

Browse Marriott International's portfolio of hotels & discover what makes each brand unique. Take the stress out of travel & book your hotel reservation direct.

Where they're located: Nashville, Tennessee, USA
Website traffic: 47.6M/month

5. Hyatt

Where they're located: Livade, Croatia
Website traffic: 7.58M/month

So... can you actually make money with a hotel consulting business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. Trip.com

Choose from over 1.2 million hotels in more than 200 countries, 30 million real guest reviews. Book flights to over 5,000 destinations worldwide. 24/7 Customer Service.

Where they're located: Atlanta, Georgia, USA
Website traffic: 6.49M/month