5 Tips To Starting A Micro-Hotel

Julie Starr • July 20, 2022



Are you looking for a business idea that is both profitable and exciting? Then consider starting a micro-hotel! This type of hospitality business has been growing in popularity in recent years, and the options for sustainability in a micro-hotel make it an ideal business venture for those looking to make a difference. Here we will discuss five tips for starting your own micro-hotel.

1) Define Your Target Market

Before you can start planning your micro-hotel, you need to identify who your target market is. This will help you determine the location, size, and amenities of your business. For example, are you catering to families, couples, or business travelers? Will your guests be primarily from the local area, or will they come from out of town? Once you understand your target market, you can start to tailor your business plan to meet their needs.

One really effective way to find out who your target market is, is by actually mining your guests for information on arrival. And you can do that more easily than ever thanks to the latest visitor registration technology that is out there. Just by having this at your entry to the hotel, you will soon get all sorts of data insights about the kind of people who tend to stay at your hotel, helping to fuel further marketing for the future of the business.

2) Determine Your USP

Your unique selling proposition (USP) is what will make your micro hotel stand out from the competition. What can you offer that other hotels in the area cannot? This could be anything from a focus on sustainability to offering in-room massages or being pet-friendly or technology-focused. Once you know your USP, ensure it is reflected in every aspect of your hotel, from the décor to the amenities you offer.

3) Find The Perfect Location

The location of your micro hotel is critical to its success. You need to find a spot that is convenient for your guests and offers the amenities they are looking for. If you are catering to business travelers, you will want to be near the airport or major highways. Families and couples may prefer a more scenic location near attractions or the beach. Regardless of your target market, be sure to choose a location that is safe and accessible.

Of course, keep your options open, as both residential and commercial real estate can be up for the task. Consider dimensions, size, renovation potential, and any permit or leasing considerations you may wish to keep in mind. A great broker will help you assess all of these metrics.

4) Think About Marketing Tools

How you market your business will play a significant role in its success. There are several marketing tools available to micro hoteliers, from online booking platforms to social media. It’s essential to do your research and find the right mix of marketing channels for your target audience. You may also want to consider working with a hotel marketing company to get the most out of your marketing efforts. With some planning and creativity, you can get the word out about your business and attract guests worldwide.

5) Hire A Great Team

This is probably one of the most important things you can do when opening a micro hotel. You want to find individuals passionate about providing excellent customer service and excited to be a part of your team. Take your time during the hiring process and really get to know each candidate so that you can be confident in your decision-making. Then, once you have a great team in place, provide them with ongoing training and support so they can continue to excel in their roles.

These are just a few things to remember when starting your micro-hotel. With careful planning and execution, you can create a successful business that is both profitable and enjoyable.

 

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