6 Resort Hotels Business Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Start A Resort Hotels Business

A resort provides accommodations and attractions conveniently located on the same premises. An ideal resort business on an island has an excellent prospect since many people love traveling. However, starting a resort can be overwhelming.

To start, ensure you have a solid business plan and scout the area you intend to purchase the property, ensuring it shall be well-positioned. Promote and market your resort to attract tourists.

Here are some real life success stories of starting a resort hotels 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

Read this case study

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Learn more about starting a resort hotels business:

Where to start?

-> How much does it cost to start a resort hotels business?
-> Pros and cons of a resort hotels business

Need inspiration?

-> Examples of established resort hotels business
-> Resort hotels business Instagram captions

Other resources

Part of

Starting A Resort Hotels Business: Everything You Need To Know

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4. Universal Orlando Resort

Universal Orlando Resort

Where they're located: Orlando, Florida, USA
Website traffic: 4.69M/month

5. Vail Mountain Resort

Vail: Colorado Ski Resort | Like nothing on earth.

Website traffic: 110K/month

6. Montage Hotels & Resorts

Montage Hotels & Resorts, a hotel management company, consists of a collection of luxury hotels, resorts and residences that are perfect for vacations. Take advantage of both world class service and accommodations at each location.

Website traffic: 200K/month