6 Hotels Business Success Stories [2023]
If you are considering starting a hotel, then it is time to implement your plan. There are five key elements to understand if you want to succeed in this industry: location, size, budget, experience, and market demand.
Here are some tips to consider before forming a hotel:
- Name your business
- Decide on a marketing strategy
- Start by renting out a room in your home.
- Hire a business capital broker
- Try Airbnb
- Make a marketing plan
- Offer complementary services
Here are some real life success stories of starting a hotels business:
1. SKNMUSE ($180K/year)
Ezinne Adeoye (from Los Angeles, CA, USA) started SKNMUSE almost 3 years ago.
Hi! I am Ezinne Iroanya-Adeoye, founder and CEO of SKNMUSE! SKNMUSE is a premium beauty brand dedicated to elevating the beauty experience for Black Women. We currently make Body-Care products, rich textures of creams and oils that cater to your soul’s vessel with a candle line to serenade your senses. Our cuticle oil is rated to10 by ELLE USA, however, our Devine Body Oil is the true showstopper.
As a new brand, one of our main priorities is building and maintaining a strong community, so customer retention is extremely important for us. We currently have a 40% customer retention rate with a 169% increase in revenue! Last year we made less than $35,000 in total revenue. This year we made $30,000 in our first quarter alone.
2. Accor
- Website traffic: 270K/month
- Business rank: #8.26K
Check out their full website ➜
Learn more about starting a hotels business:
Where to start?
-> How much does it cost to start a hotels business?
-> Pros and cons of a hotels business
Need inspiration?
-> Examples of established hotels business
-> Hotels business slogans
-> Hotels business Instagram captions
Other resources
4. PRIVATEUPGRADES
Get access to room & suite upgrades and VIP benefits in the best 5 star luxury hotels worldwide. Book online and get service from your personal Travel Designer!
- Estimated revenue: $10K/month
- Business rank: #50.5K
Check out their full website ➜
5. Hotels.ng
Find and book the best hotels and apartments at the cheapest rate in any city around Nigeria. Get cheaper prices online.
- Website traffic: 230K/month
- Business rank: #56.1K
Check out their full website ➜
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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