6 Hotels Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 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 Iroanya-Adeoye, the founder of SKNMUSE, came up with the idea for her beauty brand after experiencing the inconvenience of traveling with products that didn't meet her needs as a black woman. With a background in the beauty industry, she recognized the lack of representation and decided to create a brand that authentically catered to black women. Since launching with a pop-up event, the brand has seen significant growth, achieving a 169% increase in revenue and on track to hit its first 6 figure year.

How much they make: $180K/year
How much did it cost to start: $1K
Current team size: 3

I Created A $120K/Year Skincare Brand For Black Women Recommended By Beyoncé

SKNMUSE, a premium beauty brand dedicated to elevating the beauty experience for Black Women, has a 40% customer retention rate, achieved a 169% increase in revenue, and made $30,000 in Q1 alone.

About

Ezinne started SKNMUSE almost 4 years ago

Revenue

Ezinne grew the business to $15K/month

Costs

It cost Ezinne $1000 to start the business

Read this case study

Read by 3,225 founders

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

Part of

Starting A Hotels Business: Everything You Need To Know

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4. Accor

Website traffic: 270K/month

5. 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!

How much they make:
Where they're located: Teufen, Schweiz
How much did it cost to start: $500K
Current team size: 15

6. 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