6 Hotels Business Success Stories [2023]

6 Hotels Business Success Stories [2023]
Start A Hotels Business

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 over 2 years ago.

Revenue
$15K / month
Team
1 founders / 3 employees

Case Study

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.

i-created-a-120k-year-skincare-brand-for-black-women-recommended-by-beyonce

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 ➜

Pat Walls,  Founder of Starter Story
Want to find more ideas that make money?

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