Hostels
are budget dormitories built to accommodate a large number of people. There is no exact blue print on how a hostel
should look.
You
find them in retreat centers, homes, campgrounds rural communities and residential
areas. Other interesting hostel types are houseboat hostels, converted motels,
budget bed hostels and farm hostels.
The
general rule is that hostel should provide lodging and follow commercial zoning
rules. A good hostel should have an accessible road network, safe environment and
community based.
Other
criteria are cheap rooms and a good location. Entrepreneurs have found success
running hostels close to educational institutions such as universities or
polytechnics.
There
are a few things to put n place before starting a hostel business.
Starting a Hostel
Business
Find an Ideal Location
It
is important to find an ideal location for your hostel. As said earlier a good
location is close to an educational institution. Other good locations are
tourist areas, near airports, backpacker’s trails and close to bus stations
Understand Zoning
In
most urban cities the state has a zoning formula for residential houses and
business premises. Before you establish the hostel meet local authorities to
identify the zones.
Once
you understand the zoning requirements then you conduct a feasibility study.
The feasibility study will help identify a good spot for a hostel.
The Building
You
have three options lease a property, build a hostel or convert an existing
building. Make sure you conform to residency laws in your area.
Get
a lawyer to draft legal documents for tenancy or lodgers. Provide your lodgers
short rent agreements renewable yearly.
If
you are going to remodel an existing house then you need to secure building
permits. Provide adequate security, fire safety equipment and a clean
environment.
The
hostel needs dorm rooms and beds. The beds could be single or double bunk
depending on the residents.
Provide mattresses and pillows however charge
for bed sheet or encourage residents to provide their own bedding's. Minimalist
involvement in hostel business is an easy and effective way to run a hostel.
Make
sure the beds are rugged and sturdy to accommodate extensive usage. Make sure
the beds are large enough and comfortable.
The
room should be properly ventilated with good electrical fittings. Install a
basic bathroom with a tap, sink, bulb and shower.
Same
applies to the toilets make them basic yet functional. You need a large kitchen
complete with dinning area to accommodate your guests.
The
design of your hostel should include a common area to accommodate the lodgers.
Don’t forget a front desk to receive new lodgers.
Security
Security
is a big issue in hostel business because of thieves. Secure you guest by
providing electronic keys for dorm rooms and rugged security lockers. You could
provide a secure luggage storage area accessible only to staff members.
Cost of Running a Hostel
Financing
a hostel business is a nightmare due to the huge capital requirement. Apply for
building loan from commercial banks in your area.
You
also need a good business plan, management team and projections to support
profitability. The loan you seek should be long termed with a fixed low
interest rate.
The
cost of running a hostel business could gradually pileup. You have the cost of
renovation, utility bills, staff wages and maintenance. Other cost
considerations are mortgage, lease payments and marketing.
Type of Services
The
types of services you render differ from one hostel to the next. Added services
are optional and at the discretion of the management.
Some
additional services are paid laundry services, breakfast, small shop,
entertainment bar, guided tour trips, internet connection and bus shuttle.
Hire Staff
You
need a receptionist, cleaner, bar man and hostel manager. Other staffs are
laundry department, security guard, cook and handyman.
Marketing
Marketing
is essential to the success of the business. Use traditional marketing strategy
such as printing flyers, posters, banners and complementary cards.
List
your hostel in directories, yellow pages and hostel websites. Build a website with images of the rooms,
surrounding area and unique feature.
Use
social media channels to reach potential lodgers. Mechanizing is another way to
introduce your hostel to travelers.How to Start a Hotel Business
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