A well-crafted hotel business plan is a comprehensive road map for your property’s growth and development, that can increase visibility, drive bookings, and ultimately improve your bottom line.In this episode, I will provide the key elements that should be included in your hotel business plan.Why create a hotel business planEvery new company should really think about writing a business plan, and this is especially true for hotels. If you want to take out a loan to start your business, or raise money from other investors, you will need one.Many get nervous about the thought of starting a business plan or don’t know where to start. You don’t have to get bogged down in the process. By following the guideline, I am laying out for you is an excellent way to get your thought juices flowing.If you don’t need to seek funding, it is still a good idea to write a hotel business plan, as it can be used as a tool to strategically manage your business as it gets up and running and starts to grow.Continue reading, watching, listening and I will share a guideline for a hotel business plan, right after a word from our sponsor.⇒ TO WATCH, READ OR LISTEN TO THIS EPISODE ON KEYSTONE HOSPITALITY PROPERTY DEVELOPMENT: https://keystonehpd.com/the-authentic-hotel-business-plan-verified-techniques-327“The Guide to Owning & Operating a Hospitality Property – Successfully” course. https://KeystoneHPD.com/CourseGet your copy of the “How to Improve Your Hospitality Properties Success” e-book? https://keystonehpd.com/how-to-improve-your-hospitality-propertys-successGet Your INNsider Tipshttps://KeystoneHPD.com/INNsider-Tips Join one of your private groupshttps://keystonehpd.com/private-groupsSay hi on social Facebook:https://www.facebook.com/KeystoneHPDTwitter: https://twitter.com/KeystoneHPDLinkedIn: https://www.linkedin.com/company/keystone-hospitality-developmentListen to The Hospitality Property School PODCAST herehttps://www.keystonehpd.com/hospitality-property-school-podcastsYouTubehttps://youtu.be/m_nBrxv594EA Division of Keystone Hospitality Property Development