logo
logo
Sign in

Why open a Guest House?

avatar
Woodbrook On The Avenue
Why open a Guest House?

Currently, the demand for this form of accommodation among tourists is growing . Vacationers are attracted by the low price, affordable service, and cozy atmosphere. An increase in demand leads to an increase in income.

 

Now the client has become more demanding of the services provided to him. Guest houses are small in size, easier to be mobile and have their own unique style. This allows you to quickly respond to changing and growing demands and satisfy them.

Small hotels find an approach to each client , as they create an atmosphere of home, which in turn increases the flow of tourists. And this allows you to take a stable position in the market of tourist services.

 

The guest house may apply a more flexible discount system than large hotels. This will reduce the cost of living for people. For example, a discount for early bookings, a discount for regular customers, a discount for long stays, etc.

 

The cost of opening Cheap guest houses in the port of spain may not be very great . For example, if there is already a building in the property or if the guest house will have 5-7 rooms.

The guest house does not require a license.

 

This type of service for tourists does not require certification , there is no need to go through the procedure for obtaining a "star rating", there are no requirements for the number of floors and rooms.

 

Also, for this type of business, the norms and requirements are not prescribed. Although you still have to notify them of the opening.

 

The advantage of this enterprise is the choice of the tax regime with the lowest costs. Most often, they prefer the simplified tax system, where payments will amount to a small amount.

Small hotels are distinguished by high profitability of 15-75% and short payback periods.

collect
0
avatar
Woodbrook On The Avenue
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more