resort business plan

• Sample Business Plans

Resort Business Plan

High demand for luxury & recreational activities, and a recurring revenue model make starting a resort business a lucrative and rewarding profession.

Anyone can start a new business, but you need a detailed business plan when it comes to raising funding, applying for loans, and scaling it like a pro!

Need help writing a business plan for your resort business? You’re at the right place. Our resort business plan template will help you get started.

Free Business Plan Template

Download our free resort business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

• Fill in the blanks – Outline
• Financial Tables

How to Write A Resort Business Plan?

Writing a resort business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

• Introduce your Business: Start your executive summary by briefly introducing your business to your readers.This section may include the name of your resort business, its location, when it was founded, the type of resort business (E.g., beach resorts, mountain resorts, spa resorts, golf resorts), etc.
• Market Opportunity: Summarize your market research, including market size, growth potential, and marketing trends. Highlight the opportunities in the market and how your business will fit in to fill the gap.
• Facilities: Highlight the resort facilities you offer your clients. The USPs and differentiators you offer are always a plus.For instance, you may include accommodation, dining, spa & wellness, events, etc as some of your facilities.
• Marketing & Sales Strategies: Outline your sales and marketing strategies—what marketing platforms you use, how you plan on acquiring customers, etc.
• Financial Highlights: Briefly summarize your financial projections for the initial years of business operations. Include any capital or investment requirements, associated startup costs, projected revenues, and profit forecasts.
• Call to Action: Summarize your executive summary section with a clear CTA, for example, inviting angel investors to discuss the potential business investment.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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2. Business Overview

The business overview section of your business plan offers detailed information about your business. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

• Beach resorts
• Spa resorts
• Golf resorts
• Mountain resorts
• Eco resorts
• Ski resorts
• Luxury resorts
• Describe the legal structure of your resort, whether it is a sole proprietorship, LLC, partnership, or others.
• Explain where your business is located and why you selected the place.
• Owners: List the names of your resort’s founders or owners. Describe what shares they own and their responsibilities for efficiently managing the business.
• Mission Statement: Summarize your business’ objective, core principles, and values in your mission statement. This statement needs to be memorable, clear, and brief.

This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

• Target market: Start this section by describing your target market. Define your ideal customer and explain what types of services they prefer. Creating a buyer persona will help you easily define your target market to your readers.For instance, families, wellness & spa seeker, leisure travelers, or luxury travelers would be an ideal target audience for a resort business.
• Market size and growth potential: Describe your market size and growth potential and whether you will target a niche or a much broader market.The global market for hotels and resorts reached its peak in 2019 at $1.52 trillion dollars. The market size is to reach $1.21 trillion in 2023.
• Competitive Analysis: Identify and analyze your direct and indirect competitors. Identify their strengths and weaknesses, and describe what differentiates your resort from them. Point out how you have a competitive edge in the market.
• Market Trends: Analyze emerging trends in the industry, such as technology disruptions, changes in customer behavior or preferences, etc. Explain how your business will cope with all the trends.For instance, travelers are seeking local and authentic experiences with personalization too; explain how you plan on dealing with this potential growth opportunity.
• Regulatory Environment: List regulations and licensing requirements that may affect your resort business, such as zoning & land use regulations, licensing & permits, environmental regulations, food & safety laws, health & sanitation regulations, etc.

Here are a few tips for writing the market analysis section of your resort business plan:

• Conduct market research, industry reports, and surveys to gather data.
• Provide specific and detailed information whenever possible.
• Illustrate your points with charts and graphs.
• Write your business plan keeping your target audience in mind.

4. Resort Services & Facilities

The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:

• Accommodation
• Recreational activities
• Spa and wellness
• Entertainment zone
• Event and conference facilities
• Swimming pool
• Tennis court
• Describe each facility: Provide a detailed description of each facility you provide, the types of that facility, and everything about it.For instance, mention various types of accommodation that your resort will provide. Describe the sizes, facilities, views, and any unique features or themes in detail.

In short, this section of your resort plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

• Unique Selling Proposition (USP): Define your business’s USPs depending on the market you serve, the equipment you use, and the unique services you provide. Identifying USPs will help you plan your marketing strategies.For example, beautiful locations, exclusive amenities, or customized services could be some of the great USPs for a resort business.
• Pricing Strategy: Describe your pricing strategy—how you plan to price your services & facilities and stay competitive in the local market. You can mention any discounts you plan on offering to attract new customers.
• Marketing Strategies: Discuss your marketing strategies to market your services. You may include some of these marketing strategies in your business plan—social media marketing, Google ads, brochures, email marketing, content marketing, and print marketing.
• Sales Strategies: Outline the strategies you’ll implement to maximize your sales. Your sales strategies may include partnering with other businesses, offering referral programs, etc. Customer Retention: Describe your customer retention strategies and how you plan to execute them. For instance, introducing loyalty programs, discounts on the second visit, personalized service, etc.

Overall, this section of your resort business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your resort business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

• Staffing & Training: Mention your business’s staffing requirements, including the number of employees, chefs, or other staff needed. Include their qualifications, the training required, and the duties they will perform.
• Operational Process: Outline the processes and procedures you will use to run your resort business. Your operational processes may include housekeeping & maintenance, front office operations, food & beverage options, sales & marketing, etc.
• Equipment & Machinery: Include the list of equipment and machinery required for the resort, such as recreational activities equipment, spa & wellness equipment, vehicles, etc.Explain how these technologies help you maintain quality standards and improve the efficiency of your business operations.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section overviews your resort business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

• Founders/CEO: Mention the founders and CEO of your resort, and describe their roles and responsibilities in successfully running the business.
• Key managers: Introduce your management and key members of your team, and explain their roles and responsibilities.It should include, key executives(e.g. COO, CMO.), senior management, and other department managers (e.g. operations manager, customer services manager.) involved in the resort business operations, including their education, professional background, and any relevant experience in the industry.
• Organizational structure: Explain the organizational structure of your management team. Include the reporting line and decision-making hierarchy.
• Compensation Plan: Describe your compensation plan for the management and staff. Include their salaries, incentives, and other benefits.
• Advisors/Consultants: Mentioning advisors or consultants in your business plans adds credibility to your business idea.So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.

This section should describe the key personnel for your resort services, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

• Profit & loss statement: Describe details such as projected revenue, operational costs, and service costs in your projected profit and loss statement . Make sure to include your business’s expected net profit or loss.
• Cash flow statement: The cash flow for the first few years of your operation should be estimated and described in this section. This may include billing invoices, payment receipts, loan payments, and any other cash flow statements.
• Balance Sheet: Create a projected balance sheet documenting your resort business’s assets, liabilities, and equity.
• Break-even point: Determine and mention your business’s break-even point—the point at which your business costs and revenue will be equal.This exercise will help you understand how much revenue you need to generate to sustain or be profitable.
• Financing Needs: Calculate costs associated with starting a resort business, and estimate your financing needs and how much capital you need to raise to operate your business. Be specific about your short-term and long-term financing requirements, such as investment capital or loans.

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

• Add a table of contents for the appendix section to help readers easily find specific information or sections.
• In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
• Provide data derived from market research, including stats about the resort, user demographics, and industry trends.
• Include any legal documents such as permits, licenses, and contracts.
• Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your hotel resort business plan should only include relevant and essential information supporting your plan’s main content.

The Quickest Way to turn a Business Idea into a Business Plan

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This sample resort business plan will provide an idea for writing a successful resort plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our resort business plan pdf .

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Essentials of Writing a Business Plan

Frequently Asked Questions

Why do you need a resort business plan.

A business plan is an essential tool for anyone looking to start or run a successful resort business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your resort.

How to get funding for your resort business?

There are several ways to get funding for your resort business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

• Bank loan – You may apply for a loan in government or private banks.
• Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
• Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
• Angel investors – Getting funds from angel investors is one of the most sought startup options.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your resort business?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your resort business plan and outline your vision as you have in your mind.

What is the easiest way to write your resort business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any resort business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

How do I write a good market analysis in a resort business plan?

Market analysis is one of the key components of your business plan that requires deep research and a thorough understanding of your industry.

We can categorize the process of writing a good market analysis section into the following steps:

• Stating the objective of your market analysis—e.g., investor funding.
• Industry study—market size, growth potential, market trends, etc.
• Identifying target market—based on user behavior and demographics.
• Analyzing direct and indirect competitors.
• Calculating market share—understanding TAM, SAM, and SOM.
• Knowing regulations and restrictions
• Organizing data and writing the first draft.

Writing a marketing analysis section can be overwhelming, but using ChatGPT for market research can make things easier.

How detailed should the financial projections be in my resort business plan?

The level of detail of the financial projections of your resort business may vary considering various business aspects like direct and indirect competition, pricing, and operational efficiency. However, your financial projections must be comprehensive enough to demonstrate a comprehensive view of your financial performance.

Generally, the statements included in a business plan offer financial projections for at least the first three or five years of business operations.

What key components should a resort business plan include?

The following are the key components your resort business plan must include:

• Executive summary
• Business Overview
• Market Analysis
• Products and services
• Sales and marketing strategies
• Operations plan
• Management team
• Financial plan

Can a good resort business plan help me secure funding?

Indeed. A well-crafted resort business will help your investors better understand your business domain, market trends, strategies, business financials, and growth potential—helping them make better financial decisions.

So, if you have a profitable and investable business, a comprehensive business plan can help you secure your business funding.

What's the importance of a marketing strategy in a resort business plan?

Marketing strategy is a key component of your resort business plan. Whether it is about achieving certain business goals or helping your investors understand your plan to maximize their return on investment—an impactful marketing strategy is the way to do it!

Here are a few pointers to help you understand the importance of having an impactful marketing strategy:

• It provides your business an edge over your competitors.
• It helps investors better understand your business and growth potential.
• It helps you develop products with the best profit potential.
• It helps you set accurate pricing for your products or services.

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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Resort Business Plan Template

Written by Dave Lavinsky

Resort Business Plan

You’ve come to the right place to create your resort business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start a new resort or grow their existing resorts.

Resort Business Plan Example

Below is a sample resort business plan to help you create your own business plan.

Executive Summary

Business overview.

Ocean View Resort is a brand-new luxury resort located in beautiful Palm Beach, Florida. Our priority is to provide tourists and guests with a first-class luxurious vacation experience that they can’t find anywhere else in Palm Beach. We offer all the best amenities a resort could have including a full spa, a heated pool, a gym, a golf course, and tennis courts. We are also conveniently located right on the beach, so our guests can easily soak up the sun and enjoy the ocean at their leisure. We are also conveniently located near numerous shopping districts, nightclubs, and popular tourist destinations. Ocean View Hotel & Resort is the perfect resort for anyone looking for the ultimate Palm Beach vacation experience.

Ocean View Resort is led by Jacob Ellis who has been in the resort industry for over 20 years. While Jacob has never developed a resort from the ground up, he has worked most recently as a general manager of a large resort, and has held various management-level positions in the industry over the years. Jacob Ellis has a Master’s degree in Hospitality Management and will use his expertise and experience to start his own resort.

Product Offering

Ocean View Resort will provide a full suite of luxury resort amenities, all featuring streamlined customer service and convenience.

Some of the amenities we offer include:

• Restaurants
• Golf course
• Tennis Courts
• Heated Swimming Pool

Ocean View Resort is located on the beach so guests can enjoy the sun and the ocean at their leisure. The resort is also located near shopping districts, nightclubs, and other popular destinations that our guests can easily access and enjoy.

Customer Focus

Ocean View Resort will primarily serve tourists traveling to Palm Beach, Florida. We expect many of our guests to be affluent and have the disposable income needed to pay for the luxurious amenities we offer.

Management Team

Success factors.

Ocean View Resort will be able to achieve success by offering the following competitive advantages:

• Location: Ocean View Resort’s location provides the best access to the beach, shopping districts, nightclubs, and other amenities. The Company also offers adequate parking (along with valet parking), making it easy for customers to relax upon arrival.
• Luxurious Amenities: The resort will be full of luxurious amenities, including a full spa, gym, heated swimming pool, and golf course.
• Management: The management team has years of resort industry experience that allows the Company to market and serve customers in the same manner as its most sophisticated competitors.
• Relationships: Having visited the community for a number of years, Jacob Ellis knows all of the local leaders, newspapers, and other influences. As such, it will be relatively easy to build brand awareness of the resort.

Financial Highlights

Ocean View Resort is currently seeking $7,000,000 to launch. Specifically, these funds will be used as follows:

• Resort design/build: $6,500,000
• Three months of overhead expenses (payroll, rent, utilities): $250,000
• Marketing costs: $100,000
• Working capital: $150,000

Company Overview

Who is ocean view resort.

Ocean View Resort is a brand-new luxury resort located in beautiful Palm Beach, Florida. Our priority is to provide tourists and guests with a first-class luxurious vacation experience that they can’t find anywhere else in Palm Beach. We offer all the best amenities a resort could have including a full spa, a heated pool, a gym, a golf course, and tennis courts. We are also conveniently located right on the beach, so our guests can easily soak up the sun and enjoy the ocean at their leisure. We are also conveniently located near numerous shopping districts, nightclubs, and popular tourist destinations. Ocean View Resort is the perfect resort for anyone looking for the ultimate Palm Beach vacation experience.

Ocean View Resort History

After completing a market analysis, Jacob Ellis incorporated Ocean View Resort as an S-Corporation on January 2023.

The resort development operations are currently being run out of Jacob Ellis’s home office. Once the land rights have been purchased, operations will be run from an on-site location.

Since incorporation, the Company has achieved the following milestones:

• Found site location and signed the land deed purchasing rights to the land
• Developed the company’s name, logo, and website
• Hired an architecture firm to create a blueprint of the resort
• Started taking bids from construction crews and electrical engineering firms
• Determined equipment leasing and financing requirements
• Began recruiting key employees

Ocean View Resort’s Services

Industry analysis.

The global hotel and resort industry is valued at approximately $4.5T with more than 700,000 hotels and resorts operating worldwide. Even with the challenges of the recent pandemic, people are eager to travel and stay in luxury accommodations. According to PR Newswire, the industry is expected to grow substantially throughout the rest of the decade, growing at a CAGR of 17.4% until 2030. This shows that even though the pandemic halted travel temporarily, the industry is bouncing back and resorts are going to see a profitable decade.

Demand determinants for the hotel and resort industry include economic conditions, disposable income levels, and consumer preferences regarding hospitality and leisure spending. Over the past few years, consumer preferences have been shifting significantly. Customers are now looking for more personalized service, business-leisure opportunities, health and wellness accommodations, and digital guest experiences.

The hotel and resort industry is highly fragmented with intense competition from major players to single-location operators. Small resort businesses can compete in a variety of ways, however. Industry operators that offer a unique niche, affordable prices, in-demand locations, and amenities that appeal to the modern consumer can run a competitive resort business.

Customer Analysis

Demographic profile of target market.

Ocean View Resort will serve the tourists visiting Palm Beach and its surrounding areas. The community of Palm Beach is a very popular tourist destination. Many of the tourists that visit are affluent or have the disposable income to spend on a luxurious vacation.

Some of our guests may be residents in local communities looking for a great place for a staycation. The demographics of Palm Beach are as follows:

Customer Segmentation

Ocean View Resort will primarily target the following customer profiles:

• Local residents
• International tourists
• Domestic tourists

Competitive Analysis

Direct and indirect competitors.

Ocean View Resort will face competition from other companies with similar business profiles. A description of each competitor company is below.

Shady Palms Resort

Shady Palms Resort is a hotel in Palm Beach. Shady Palms Resort is a leading hotel and has been in business for over 40 years. The hotel offers a wide array of services and amenities that you typically find at a hotel. Shady Palms Resort offers luxury accommodations and a five-star restaurant and lounge. Shady Palms Resort is the current most popular choice for tourists in the area because of its proximity to the airport and local attractions such as the Fine Art Museum and movie theater.

This hotel does not have full-service resort amenities, however. Nor does it have the latest digital technology for any of its services or room accommodations.

Super Adventure Resort

Super Adventure Resort is a family-oriented resort located 20 miles from Palm Beach. This resort specializes in providing wildlife adventure tours. The property also has a variety of amenities including a hotel, spa, pool, restaurant, bar, and gift shop.

Super Adventure Resort is far from any other local attractions, the airport, or any other modern conveniences such as grocery stores or gas stations, making it an out-of-the-way getaway, but not conveniently located.

Sunny Shores Hotel

Sunny Shores Hotel is a local hotel that has a few resort-style amenities such as a spa, salon, and fitness center in addition to its traditional hotel accommodations, restaurants, bar, lounge, pool, tennis courts, and free transportation to and from the airport. Sunny Shores Hotel is located close to a variety of local attractions and scenic areas. Guests can go hiking or bicycling on trails nearby or easily access public beaches.

While Sunny Shores Hotel has many appealing accommodations, it lacks the modern technology, full-service amenities, and additional attractions Ocean View Resort will provide.

Competitive Advantage

Ocean View Resort will be able to offer the following advantages over the competition:

• Location: Ocean View Resort’s location provides the best access to the beach, shopping districts, nightclubs, and other amenities. The Company also offers adequate parking (along with valet parking), making it easy for customers to relax upon arrival.

Marketing Plan

Brand & value proposition.

Ocean View Resort will offer a unique value proposition to its clientele:

• Convenient location close to local attractions and the beach
• Luxurious amenities
• Exceptional personalized customer service

Promotions Strategy

The promotions strategy for Ocean View Resort is as follows:

Social Media

Ocean View Resort will invest heavily in a social media advertising campaign. The brand manager will create the Company’s social media accounts and invest in ads on all social media platforms. It will use targeted marketing to appeal to the target demographics.

Website/SEO

Ocean View Resort will invest heavily in developing a professional website that displays all of the features and benefits of the resort. It will also invest heavily in SEO so that the brand’s website will appear at the top of search engine results.

Advertising

Ocean View Resort will initially advertise on travel websites, which are frequently used to book travel due to their ease of use and reviews.

Ongoing Customer Communications

Ocean View Resort will publish a monthly email newsletter to tell new and past customers about promotions and events.

Pricing Strategy

Ocean View Resort’s pricing will fluctuate based on the season and occupancy percentages. However, we will typically charge similar rates as other luxury resorts in the area.

Operations Plan

The following will be the operations plan for Ocean View Resort.

Operation Functions:

• Jacob Ellis will be the owner of the resort and hire the appropriate staff to manage it. He will also act as CEO and manage the overall operation and executive functions of the company.
• Rebecca Ellis will be the Administrative Assistant and assist Jacob with all the administrative tasks for the company.
• David Blyg will act as the Maintenance Engineer and attend to all mechanical and plumbing issues that may arise.
• Jacob will hire a General Manager and Assistant Manager to run the resort.
• Jacob will also hire a full staff of housekeepers, desk attendants, and other employees to run and manage all aspects of the resort (such as the bar, cafe, and spa).

Milestones:

Ocean View Resort will have the following milestones completed in the next six months.

• 3/202X Finalize land purchase
• 4/202X Finalize blueprints for the resort
• 5/202X Hire and train initial staff
• 6/202X Kickoff of promotional campaign
• 7/202X Finish building the resort
• 8/202X Launch Ocean View Resort

Financial Plan

Key revenue & costs.

Ocean View Resort’s revenues will come primarily from booking fees for the resort’s many amenities. The company will charge varying rates per night based on demand and seasonality. Ocean View Hotel & Resort will also sell multiple packages to appeal to a range of guests, such as a health and wellness package and a staycation package.

The land purchase, equipment, supplies, and labor expenses will be the key cost drivers of Ocean View Resort. Other cost drivers include marketing expenses, maintenance, and taxes.

Funding Requirements and Use of Funds

Key assumptions.

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

• Average nightly rate: $500
• Year 3: 100
• Year 4: 125
• Year 5: 150

Financial Projections

Income statement.

Balance Sheet

Cash Flow Statement

Resort Business Plan FAQs

What is a resort business plan.

A resort business plan is a plan to start and/or grow your resort business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing strategy and details your financial projections.

You can easily complete your Resort business plan using our Resort Business Plan Template here .

What are the Steps To Start a Resort Business?

Starting a resort business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

1. Develop a Well-Crafted Business Plan – The first step in starting a business is to create a detailed resort business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  

2. Choose Your Legal Structure – It’s important to select an appropriate legal entity for your resort business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do market research and choose wisely so that your resort business is in compliance with local laws.

3. Register Your Resort Business – Once you have chosen a legal structure, the next step is to register your resort business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 

4. Identify Financing Options – It’s likely that you’ll need some capital to start your resort business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 

5. Choose a Location – Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations.  For example, an eco-tourism resort may require a location near a forest or nature reserve, while a beach resort would need to be located close to the beach. 

6. Hire Employees – There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 

7. Acquire Necessary Resort Equipment & Supplies – In order to start your resort business, you’ll need to purchase all of the necessary equipment and supplies to run a successful operation , but this will depend on the type of resort you plan to open. For a health spa resort, for example, you may need to invest in massage tables, spa equipment and beauty products. For a ski resort, you will need to purchase snow-making machines and lifts.

8. Market & Promote Your Business – Once you have all the necessary pieces in place, it’s time to start promoting and marketing your resort business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising.

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Top 10 Resort Business Plan Templates with Examples and Samples (Editable Word Doc, Excel and PDF Included)

Samradni Pradhan

There is a deep need for that ideal escape, a haven of peace and renewal, in the hurry and bustle of our daily lives. It's the longing for that one special moment when time seems to stand still and troubles vanish like morning mist. Yes, we're referring to vacations, those valued breaks from daily life that have a mysterious way of mending our souls and reviving our spirits.

But, as any seasoned traveler will tell you, the success of a vacation often hinges on one crucial factor: the choice of the right resort. The perfect resort can transform a good trip into an unforgettable one, while the wrong one can cast a shadow over the sunniest of destinations.

And speaking of meticulous planning, if you're thinking about venturing into the world of resort business ownership, then you're in for an exhilarating journey—one that demands as much care, foresight, and dedication as planning the perfect vacation. It's here that the significance of a well-crafted business plan becomes paramount.

In this blog, we delve deep into why a business plan is your compass to success in the realm of resort ownership and how our well-researched business plan template with real data and insights can help you succeed in your venture.

Best Resort Business Plan Templates

Table of contents.

• Executive Summary
• Company Overview
• Industry Analysis
• Customer Analysis
• Competitor Analysis
• SWOT Analysis
• Porter's Framework
• Operational Plan
• Financial Plan

A resort business is a huge responsibility. One that requires proper planning and analysis. Through this detailed business plan template, we cover the major sections that must be included in your business plan. A total of 64 pages are available when you download this template. Each of these pages is thoughtfully curated to ensure that your best foot is put forward while presenting your business plan. We have made use of the best quality graphics and images so you get the much-needed professional look and feel. For the benefit of this blog, we have focused on the top 10 pages within this template.

Upon downloading, you will get the 64-page Doc, PDF, and XLS files.

1. executive summary.

Your resort's journey begins here, on the Executive Summary template page. This is where you'll articulate the dream that drives you, providing a glimpse of the oasis you're creating. Engage your readers with a captivating snapshot of your resort's unique charm, emphasizing its financial potential. As the resort's visionary, this template empowers you to communicate your passion and ambition persuasively.

In our Executive Summary section, you will get templates for

1.1 The Quick Pitch: Deliver a brief and captivating summary showcasing your resort business's core attractions and amenities.

1.2 The Entity Profile: Offer easily digestible details on your company's structure and profile, designed to pique the interest of potential backers and partners in your resort venture.

Download this business plan

(Do you plan on starting your own hotel industry business or already have one that requires funding or revamping? Why not check out our Hotel Industry Business Plan Template that covers all the relevant information in the most attractive way!)

2. Company Overview

In the Company Overview template, you can sculpt your resort's identity. Unfold the narrative of your resort's inception, its core values, and the enchanting experiences it promises to deliver. This page guides you in weaving a story that differentiates your resort and evokes an emotional connection with potential investors and partners.

In our Company Overview section, you will get templates for:

2.1 Vision and Mission: Craft a compelling mission and vision that drive your resort business forward, shaping its purpose and direction.

2.2 Company Goals and Objectives: Illuminate the precise goals and objectives your resort business endeavors to attain, guiding your path toward accomplishment.

2.3 Start-up Summary: Provide a concise overview of your resort's inception, highlighting its origins, structure, and foundational elements.

2.4 Market Gap Analysis and Business Statement: Pinpoint gaps in the resort market and articulate your unique business statement, establishing your brand as a distinct presence within the industry.

2.5 Services Portfolio: Showcase an extensive array of resort services, illustrating the breadth of your hospitality and tourism industry expertise and offerings.

2.6 Key Success Factors: Define the pivotal factors that will measure the efficacy and triumphs of your beach resort business plan , ensuring a well-defined route to prosperity.

3. Industry Analysis

Dive into the intricate details of the hotel industry with the Industry Analysis template page. Here, you'll dissect the trends, challenges, and opportunities that define this vibrant sector. Equip yourself with the knowledge to steer your resort toward success by understanding the competitive landscape, guest preferences, and emerging market forces.

In our Industry Analysis section, you will get templates for:

3.1 Market Analysis: Dive deep into the resort industry, assessing its current landscape, uncovering potential opportunities, and identifying key players to shape your resort's success.

3.2 Market Trends Tracking: Keep a vigilant eye on industry trends, ensuring your resort stays ahead of the curve and maximizes its appeal to modern travelers.

3.3 Major Challenges and Solutions: Confront and conquer major obstacles, crafting strategic solutions to pave the way for your resort's uninterrupted progress.

3.4 Growth Drivers Identification: Unearth the precise factors and initiatives that will fuel and amplify the growth and prosperity of your resort brand.

3.5 Geographical Market Analysis: Tailor your approach to cater to diverse geographical regions within your target market, guaranteeing seamless expansion and alignment with regional preferences and demands.

4. Customer Analysis

You'll get to know your future guests intimately on the Customer Analysis template page. Explore their demographics, behaviors, and desires, allowing you to tailor your resort's offerings to meet their expectations. This template empowers you to create a customer-centric approach, ensuring every visitor feels like a cherished guest.

In our Customer Analysis section, we offer comprehensive templates for:

4.1 Target Market Definition: Clearly define the specific consumer or business segments your catering service is poised to cater to.

4.2 Buyer Persona Development: Create a comprehensive profile of your ideal customer, offering deep insights into their demographics, preferences, and behaviors to enhance your understanding of their requirements.

4.3 Market Sizing Analysis: Calculate the overall catering market size and evaluate the potential market share for your catering brand, providing valuable insights into the scope of opportunities within your business environment.

5. Competitive Landscape

A competitive landscape is your secret weapon for understanding the strengths and weaknesses of major players in the resort industry . Identify areas in the market and refine your strategies to outshine the competition with the perfect vacation packages . With this template, you'll be equipped to offer unique services and experiences that set your resort on a path to success.

In our Competitive Landscape section, we provide templates for:

5.1 Major Players: Explore the landscape of your catering service sector by identifying and analyzing the prominent competitors and key industry players.

5.2 Attributes Comparison: Conduct a comprehensive analysis comparing the essential attributes and features of various catering products or services available to position our offerings strategically.

6. SWOT Analysis

Conduct a thorough SWOT Analysis using this template to uncover your resort's strengths, weaknesses, opportunities, and threats. This invaluable exercise helps you make informed decisions, capitalize on your advantages, and mitigate potential pitfalls. It's your roadmap for sustainable growth and resilience.

7. Porters Framework

The Porter's Framework template page is your gateway to strategic planning. Delve into the competitive forces in the resort industry, pinpointing areas where you can gain a competitive advantage. Use this template to craft a robust business strategy that ensures your resort thrives in all conditions.

8. Marketing Plan

You'll design a tailored roadmap for attracting guests in the Marketing Plan template page. Develop marketing resort business growth strategies , define your unique selling propositions, and outline promotional tactics to create buzz and allure around your resort.

In our Marketing Plan section, we provide templates for:

8.1 Sales Strategy: Craft a comprehensive plan to achieve your sales goals and objectives within the catering business.

8.2 Promotional Strategy: Clearly define your marketing and promotional strategies to create buzz and brand awareness for your catering venture.

8.3 Pricing Strategy: Detail your pricing approach to strike the perfect balance between profitability and competitiveness in the catering market.

8.4 Sales Funnel Optimization: Map out the customer buying journey, from initial awareness to the final purchase, to streamline and enhance the sales process for your catering products.

9. Operational Plan

The Operational Plan template page allows you to detail the logistics behind running your resort efficiently. Outline staffing requirements, supply chains, and processes to ensure every aspect of your resort functions seamlessly. This template paves the way for exceptional guest experiences.

In our Operational Plan section, we provide templates for:

9.1 Retail Selling Strategy: Map out your all-encompassing strategy for retail catering product sales, shedding light on your sales approach and tactical maneuvers.

9.2 E-commerce Sales Strategy: Navigate the digital commerce landscape with a detailed strategy, including budget allocation and a roadmap for online marketplace success.

9.3 Milestones and Achievements: Illuminate the pivotal operational milestones and noteworthy accomplishments that define your resort business journey, offering a snapshot of your progress and growth.

10. Financial Plan

Lastly, the Financial Plan template page is your key to financial success. Lay out your resort's financial projections, budgets, and funding requirements precisely. Use this template to reassure investors and stakeholders of your resort's long-term viability and profitability.

In our Financial Plan section, we provide templates for:

10.1 Financial Assumptions: Transform your financial assumptions into actionable strategies, shaping the future of your resort venture.

10.2 Revenue Model and Sales Forecast: Shed light on the sources of revenue for your resort business and craft a comprehensive blueprint for its growth.

10.3 Break-Even Analysis: Dive into the pivotal factors steering your resort toward the break-even point, a critical milestone on your path to profitability.

10.4 Projected Profit and Loss Account: Get a clear financial snapshot of your resort's potential by projecting revenues, tracking expenses, and foreseeing overall profitability.

10.5 Projected Cash Flow Statement: Master your resort's liquid finances with a detailed projection of expected cash movements.

10.6 Projected Balance Sheet: Provide an in-depth glimpse into your resort's projected assets, liabilities, and shareholders' equity, ensuring financial transparency.

10.7 Scenario Analysis: Explore various scenarios to gauge how different conditions and risks may impact the financial resilience of your resort venture.

10.8 DCF Valuation: Utilize discounted cash flow analysis to assess the present market value of your resort business, quantifying its worth in the industry.

This is not the end!

A resort business requires a lot of pre-planning and strategizing; in such a situation having your base ready makes your job much easier. That base is provided to you through this business template plan. Simply download the business plan ppt templates and edit all relevant information according to your brand requirements. The template is also available in an easy-to-use format so you can edit faster. What’s more to think, go ahead and grab your template! Create lasting vacations for your consumers, starting today!

FAQs on Resort Business Plan

1) what is a resort business plan.

A resort business plan documents a resort business's goals, vision, and strategies. It has the following sections:

• An executive summary and a brief business plan overview. It highlights the main objectives and points.
• The business overview describes the resort, target market, location, competitive advantages, and legal structure.
• The market analysis section includes research on the industry, customers, and competitors. It also identifies the challenges and opportunities for the resort.
• The last section is resort services and facilities, which list amenities, features, and activities offered to guests by the resort.

2) How do I start planning a resort?

The different steps involved in planning a resort are:

• Develop a business plan outlining your goals, visions, target market, and market strategy.
• A financial model will be required to project the income, cash flow, and expenses.
• The next step would be securing funding from banks, investors, and other sources.
• You will need to research and apply for the necessary permits and licenses.
• Choose a location per your budget and requirements.
• Prepare a customer profile describing your customers and their preferences.
• You should also have a marketing strategy to promote and advertise your resort.
• Get hold of engineers, architects, and contractors to build your resort.

3) Is resort a profitable business?

Whether the resort will be profitable or not depends on several factors. These factors are location, market demand, and hotel management . Resorts in popular tourist destinations are more profitable because those areas are in demand. However, a resort can face challenges if located in a remote location. Cost control, effective management, and good customer service are important for a resort to be profitable. Seasonal fluctuations can also impact profitability. In a resort, amenities like restaurants, pools, and spas attract customers and increase profits. The income should be diversified through weddings, conferences, etc., to get more profit. A well-run resort is always profitable, but market consideration also affects the profits.

4) What is a resort business called?

A resort business is commonly known as a resort. It is a type of business that fulfills the guests' needs or tries to look after the needs of the vacationers inside the premises. A resort has several amenities like swimming pools, sports, shopping, food, drinks, and entertainment with lodging. There are different models of resort business. These include destination resorts, market resorts, and property resorts. The different types of resorts are decided depending on their size, location, and amenities offered to the guests. 

5) How much land is needed to build a resort?

The amount of land needed for a resort depends on several factors: the scale of the resort, its location, and the facilities and amenities the resort plans to offer. Smaller resorts may need a few acres, while on the other hand, bigger resorts may require hundreds of acres. Island or coastal resorts need beachfront property, while mountain or forest resorts need a large expanse of land for hiking and outdoor activities. The resort will need lots of land if it has golf courses, spas, and other extensive amenities. Ultimately, the land requirement will completely depend on the resort's requirements, concepts, and target market.

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Resort Business Plan Template [Updated 2024]

Resort Business Plan Template

If you want to start a resort or expand your resort business, you need a business plan.

The following Resort business plan template gives you the key elements to include in a winning Resort business plan. It can be used to start an all inclusive resort, a ski resort, a health spa resort, an eco tourism resort, or any other type of resort business.

You can download our Resort Business Plan Template (including a full, customizable financial model) to your computer here.

Resort Business Plan Sample

I. executive summary, business overview.

[Company Name], located in [insert location here] is a new resort company that focuses on providing guests with personalized customer service and modern, high-tech amenities. The resort is located in an idyllic location where guests can experience a tranquil nature walk or a rigorous river rafting adventure. [Company Name] aims to be the ultimate choice for customers looking for exceptional service, high-tech amenities, and picturesque views.

Products Served

[Company Name] will provide a full suite of resort amenities, all featuring the latest digital technology for streamlined customer service and convenience.

Amenities include the following:

• Retail Shops
• Tennis Courts
• Swimming Pool
• Hiking & Nature Tours
• River Rafting

Customer Focus

[Company Name]’s potential customers include tourists traveling to [Location] from nearby countries. A secondary target will be local residents looking for a unique stay-cation experience. The demographics of these customers are as follows:

• An estimated 50,000 tourists travel to [Location] each year
• Average income of $46,000
• 35% are Gen Z, 40% are millennials, and 25% are baby boomers
• 42% are in management or professional occupations
• Median age: 35 years

Management Team

[Company Name] is led by [Founder’s Name] who has been in the resort industry for over 20 years. While [Founder] has never developed a resort from the ground up, he has worked most recently as a general manager of a large resort, and has held various management level positions in the industry over the years. [Founder] has a Master’s degree in Hospitality Management, and will use his expertise and experience to start his own resort.

Success Factors

[Company Name] is uniquely qualified to succeed due to the following reasons:

• There is currently no full-scale resort in the area, although it is an in-demand tourist destination. In addition, the founder has surveyed the local businesses and determined that they have frequent tourists visiting who would use the company’s resort when launched.
• The location is close to major highways, local attractions, and the airport.
• The management team has a track record of success in the resort industry.
• XYZ and ABC corporations announced plans to create new attractions in the city over the next two years and existing resorts will not be able to handle the increased capacity of visitors traveling to the city to visit these attractions.

Financial Highlights

[Company Name] is currently seeking $7,000,000 to launch.

Specifically, these funds will be used as follows:

• Resort design/build: $6,500,000
• Working capital: $500,000 to pay for marketing, salaries, and land costs until [Company Name] reaches break-even

Top line projections over the next five years are as follows:

II. Company Overview

Who is [company name].

[Company Name], located in [Location] is a new resort company that focuses on providing guests with personalized customer service and modern, high-tech amenities. The resort is located in an idyllic location that is close to major highways, local attractions, and an airport. Guests of the resort can experience a tranquil nature walk or a rigorous river rafting adventure. [Company Name] aims to be the ultimate choice for customers looking for exceptional service, high-tech amenities, and picturesque views.

[Company Name] was founded by [Founder’s Name], an experienced resort manager who has been working in various management-level positions in the industry for over 20 years. [Founder] has a Master’s degree in Hospitality Management, and will use his expertise and experience to start his own resort. [Founder] discovered the ideal location for his resort during a recent trip to [Location]. When he saw the opportunity for a full-scale resort in a growing tourist destination, he decided to start researching what it would take to build his company here.

As [Founder] began researching what it would take to create his own resort company, he did a thorough analysis on the costs, market, demographics, and competition. [Founder] has compiled enough information to develop his business plan in order to approach investors.

[Company Name]’s History

Once his market analysis was complete, [Founder’s Name] incorporated [Company Name] as an S-Corporation on [date of incorporation].

The resort development operations are currently being run out of [Founder’s Name] home office. Once the land rights have been purchased, operations will be run from an on-site location to ensure that every detail is being thought out and completed.

Since incorporation, the Company has achieved the following milestones:

• Found site location and signed the land deed purchasing rights to the land
• Developed the company’s name, logo, and website located at [website]
• Hired an architecture firm to create a blueprint of the resort
• Started taking bids from construction crews and electrical engineering firms
• Determined equipment leasing and financing requirements
• Began recruiting key employees with experience in the resort industry

[Company Name]’s Products/Services

Below are [Company Name]’s product offerings:

The state-of-the-art resort will offer guests the opportunity to take advantage of the following amenities:

III. Industry Analysis

The global hotel and resort industry is valued at approximately $1.06T with more than 700,000 hotels and resorts operating worldwide. This industry includes operators of hotel and resort accomodations, restaurants and meal service, and franchises. Primary industry activities include operating holiday resorts and hotels with private facilities.

Demand determinants for the hotel and resort industry include economic conditions, disposable income levels, and consumer preferences regarding hospitality and leisure spending. Over the past few years consumer preferences have been shifting significantly. Customers are now looking for more personalized service, business-leisure opportunities, health and wellness accommodations, and digital guest experiences.

The hotel and resort industry is highly fragmented with intense competition from major players to single-location operators. Small resort businesses can compete in a variety of ways, however. Industry operators that offer a unique niche, affordable prices, in-demand location, and amenities that appeal to the modern consumer can run a competitive resort business.

IV. Customer Analysis

Demographic profile of target market.

[Company Name] will serve the tourists visiting [company location] and its surrounding areas as well as locals who want a stay-cation experience.

The community of [company location] is quickly becoming a popular tourist destination with people coming in from nearby countries to experience the new attractions the region has to offer. Additionally, there are many local residents looking for a new recreating experience and a large percentage of the population has expressed interest in a stay-cation option.

Customer Segmentation

The Company will primarily target the following three customer segments:

• Leisure Travel Market: Travelers to [Insert Area or City] tourist attractions such as the Museum of Fine Art and the Annual Film Festival, as well as visitors to social events such as weddings.
• International Tourists: Last year, there were over 903 million international tourist arrivals worldwide, with a growth of 6.6%. International tourist receipts were $856 billion.
• Local Residents: There are a total of 10,000 local residents in [Area]. Approximately 43% are actively involved in many of the recreational activities the resort will offer such as hiking and river rafting.

V. Competitive Analysis

Direct & indirect competitors.

The company’s competition are other resort companies.

River Springs River Springs is a hotel in [location]. River Springs is a leading hotel and has been in business for over 40 years. The hotel offers a wide array of services and amenities that you typically find at a hotel. River Springs offers luxury accommodations, river rafting tours, and a five-star restaurant and lounge. River Springs is the current most popular choice for tourists in the area because of its proximity to the airport and local attractions such as the Fine Art Museum and movie theater.

This hotel does not have full-service resort amenities, however. Nor does it have the latest digital technology for any of its services or room accommodations.

Super Adventure Resort Super Adventure Resort is the closest resort, located approximately 50 miles outside of [Area or City]. This resort specializes in providing wildlife adventure tours. The property has a variety of amenities including a hotel, spa, pool, restaurant, bar, gift shop, and its primary source of entertainment; the adventure tours.

Super Adventure Resort is far from any other local attractions, the airport, or any other modern conveniences such as grocery stores or gas stations, making it an out-of-the-way getaway, but not conveniently located.

Sunny Falls Hotel Sunny Falls Hotel is also a local hotel that has a few resort-style amenities such as a spa, salon, and fitness center in addition to its traditional hotel accommodations, restaurants, bar, lounge, pool, tennis courts, and free transportation to and from the airport. Sunny Falls Hotel is located close to a variety of local attractions and scenic overlooks. Guests can go hiking or bicycling on trails nearby or book a river rafting tour with a hotel concierge.

While Sunny Falls Hotel has many appealing accommodations, it lacks the modern technology, full-service amenities, and additional attractions [Company Name] will provide.

Competitive Advantage

[Company Name] enjoys several advantages over other resort companies. Those advantages include:

• Location : [Company Name]’s location gives the best access to the airport, local attractions, shopping district, and restaurants. The Company also offers adequate parking making it easy for customers to relax upon arrival.
• High-Tech Amenities : The resort will be full of high-tech amenities for everything from contactless check-in and payment systems, to smart fixtures in the hotel rooms and a high-tech bar and nightclub.
• Management : The management team has years of resort industry experience that allows the Company to market and serve customers in the same manner as its most sophisticated competitors.
• Relationships : Having visited the community for a number of years, [Founder’s Name] knows all of the local leaders, newspapers and other influences. As such, it will be relatively easy to build the brand awareness of the resort.

VI. Marketing Plan

[Company Name] seeks to position itself as a source of exceptional service, high-tech amenities, and unique attractions in the resort industry. Consumers can expect to receive the best resort experience catered by experienced hospitality professionals.

The [Company Name] Brand

The [Company Name] brand will focus on the Company’s unique value proposition:

• Convenient location close to local attractions, major highways, and the airport
• Modern, high-tech amenities
• Exceptional personalized customer service

Promotions Strategy

[Company Name] expects its target market to be tourists visiting [Location]. The Company’s promotion strategy to reach these individuals includes:

Social Media [Company Name] will invest heavily in a social media advertising campaign. The brand manager will create the Company’s social media accounts and invest in ads on all social media platforms. It will use targeted marketing to appeal to the target demographics.

Website/SEO [Company Name] will invest heavily in developing a professional website that displays all of the features and benefits of the resort. It will also invest heavily in SEO so that the brand’s website will appear at the top of search engine results.

Phone Prospecting [Company Name] will assign salespeople to contact area corporations to arrange for bulk corporate rates for their visitors depending on the volume of visitors they will have.

Public Relations The Company will contact all local and regional area newspapers and television stations to tell them about the hotel opening and unique value proposition of [Company Name].

Advertising [Company Name] will initially advertise on travel websites, which are frequently being used to book travel due to their ease of use and reviews.

Ongoing Customer Communications [Company Name] will publish a monthly email newsletter to tell new and past customers about promotions and events.

Pre-Opening Events Before opening the resort, [Company Name] will organize pre-opening events designed for prospective international customers, local customers, and press contacts. These events will create buzz and awareness for [Company Name] in the area.

Pricing Strategy

[Company Name]’s pricing will fluctuate based on the season and occupancy percentages using a computerized yield management system, but pricing will always place the hotel in the mid-range, below luxury offerings, and above hotels and motels in the area that cannot be billed as a resort. Customers will feel they receive great value when they choose the resort for their vacation.

VII. Operations Plan

Functional roles.

In order to execute on [Company Name]’s business model, the Company needs to perform many functions including the following:

Administrative Functions

• General & Administrative functions including legal, marketing, bookkeeping, etc.
• Sourcing and storing supplies for the various resort amenities
• Hiring and training staff

Service Functions

• Check-in focused on customer service
• Janitor/maintenance personnel to keep the resort clean and in working order
• Staff to work in the hotel, restaurant, bar, nightclub, etc.
• Resort concierge service

VIII. Management Team

Management team members.

[Company Name] is led by [Founder’s Name] who has been in the resort industry for over 20 years. While [Founder] has never developed a resort from the ground up, he has worked most recently as a general manager of a large resort, and has held various management level positions in the industry. [Founder] has a Master’s degree in Hospitality Management, and will use his expertise and experience to start his own resort.

Hiring Plan

[Founder] will serve as the Owner and President of [Company Name]. In order to launch, he needs to hire the following personnel:

Housekeeping staff for the hotel (5 to start)

• Resort Managers (1 for each section of the resort – hotel, restaurant, bar, nightclub, etc.) who will be responsible for the day to day operations of their designated area
• Assistant Managers (will manage resort operations for their designated area on nights and weekends)
• Service Staff (4 full-time to work check-in and guest services – allowing for at least 1 staff person to be on duty at all times as well as additional staff for each of the resort’s features)
• Sales Staff (2 full-time) will target and book guests
• Legal, Bookkeeping, and other Administrative functions (3 staff)
• Brand manager: 1 full-time employee who will be responsible for developing and launching the brand; manage the website, and social media accounts.
• Janitorial and Maintenance staff: 5 employees who will be responsible for keeping the resort in tip-top condition.

IX. Financial Plan

Revenue and cost drivers.

[Company Name]’s revenues will come primarily from booking fees for the resort’s many amenities. The company will charge varying rates per night based on demand and seasonality. [Company Name] will also sell multiple packages to appeal to a range of guests, such as a health and wellness package, nature adventure package, and stay-cation package.

The land purchase, equipment, supplies, and labor expenses will be the key cost drivers of [Company Name]. The major cost drivers for the company’s operation will consist of:

• Resort maintenance
• Business Insurance
• Mortgage on land and utilities

Ongoing marketing expenditures are also notable cost drivers for [Company Name].

Capital Requirements and Use of Funds

[Company Name] is currently seeking $7,000,000 of debt capital to open its resort. The capital will be used for funding capital expenditures and resort build-out, hiring initial employees, marketing and branding expenses, and working capital.

Key Assumptions

  5 Year Annual Income Statement

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Resort Business Plan Template

Published Feb.27, 2018

Updated Apr.24, 2024

By: Noor Muhammad

Average rating 4.5 / 5. Vote count: 2

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Table of Content

Do you want to start resorts business?

Do you want to start your own resort? If yes then you should definitely start it because a resort business can prove extremely profitable and can provide a good return on investment group business plan , provided that you plan and execute it properly. Before starting this venture, you will have to do a thorough research so that you may get to know, how to open a resort. Other than that, you will also have to prepare a comprehensive business plan which will not only help you in startup but will also be useful in deciding your business strategies over the next few years. For your facilitation, we are providing the business plan of a resort startup, ‘Heaven’s Inn.

Executive Summary

2.1 the business.

Heaven’s Inn will be a dream resort located at 10 minutes’ drive from Mitchell’s Cove Beach in Santa Cruz, California.

2.2 Management

Heaven’s Inn will be owned and operated by Anna Jill, who has been associated with various resorts and hotels throughout the United States for the last 10 years. Being experienced in this industry, Anna knows how to start a resort business and make it successful.

2.3 Customers

Our customers will primarily be the tourists visiting Santa Cruz. We will serve them by providing a dream lodging and unparalleled service.

2.4 Target of the Company

Our target is to become the best resort of Santa Cruz within 5 years of our launch.

Company Summary

3.1 company owner.

Heaven’s Inn will be owned and operated by Anna Jill. Anna has served at many senior positions in various resorts and hotels throughout the United States. She is known for her flawless management and sharp business acumen.

3.2 Why the Business is being started

Anna has always wished to create a dream location for tourists and through her venture, she aims to build an out-class resort with the best customer service. Her resort, with its high-end luxurious facilities, will be the dream location for every tourist out there.

3.3 How the Business will be started

You have to consider all startup requirements before you think about how to start your own resort. Anna has procured a beautiful building which was previously used as a hotel for starting her resort. The financial experts have forecasted the following costs for the start-up:

The detailed start-up requirements are as follows:

Services for customers

Before thinking about how to build a resort, you must decide what services will you provide to your customers since the planning of many subsequent things depend on your services. Heaven’s Inn will provide ten 2-bedroom units along with attached washrooms, laundry facilities, fully-equipped kitchens and parking facility. The resort also will offer a common outdoor swimming pool along with various other facilities. Our primary services are as follows:

• 24-hour Room Service
• 24-hour Medical Service
• Outside Swimming Pool
• Café and Lobby Bar
• Concierge Service
• Baby Sitting Service
• Laundry Service
• Laptop and Computer Rental Service
• Conference Meeting and Private Dining Service
• Massage, Manicure and Pedicure Service
• Airport Pick-up and Transfer Service

Marketing Analysis of resorts business

If you don’t know how to make a resort business plan, you can take help from this resort business plan sample. The most important component of effective resorts business plan is its accurate marketing analysis that’s why Anna acquired the services of marketing experts to help her through this phase. It is only after this stage that a good resorts business plan could have been developed. She also went through various resort business plans for getting a hold of the process. After identifying the local market trends in Santa Cruz, the marketing experts and analysts also helped her to select the best site for establishing the resort.

The success or failure of a business totally depends upon its marketing strategy which can only be developed on the basis of accurate marketing analysis. Marketing analysis is a must-do thing before you move on to develop a business plan for hotel and resort because the planning of many subsequent components depends on it. Therefore, it must be considered before developing a business plan for resort development.

5.1 Market Trends

The global resort and hotel industry generate more than $550 billion in revenue as of 2016. The resort and hotel industry is one of the important industries of the United States and has grown annually steadily over the recent years. It generated more than $190 billion in revenue as of 2015. The United States houses some of the world’s most famous city resorts and destinations which contribute significantly to the resorts and hoteling industry of the country. The number of smaller resorts have also increased over the previous years.

5.2 Marketing Segmentation

Our target market is the tourist community that visits Santa Cruz for various purposes. Nearly all of the tourists have sufficient budget for spending on their lodging, therefore, they can easily afford to stay at our resort. Our experts have identified the following type of target audience which can become our future consumers:

Business plan for investors

These three target groups have different purposes for visiting Santa Cruz and hence have different requirements for their lodging. We can target them only after analyzing their requirements during the stay. The detailed analysis of our target audience is as follows:

5.2.1 Recreational Tourists:

The first group comprises of the recreational tourists who have come to Santa Cruz for recreational and adventurous purposes. This category also includes tourists who have come for sporting, skiing or participating in other similar activities. Nearly half of the tourists visit Santa Cruz for recreational purposes, hence this target group will be the biggest consumer of our services and our marketing policy will be specifically built to target them.

5.2.2 Business Tourists:

The second category comprises of the business tourists who visit Santa Cruz for retreats and company outings. Nearly all of the companies located in the United States organize company retreats once or twice a year to increase team building between their employees and to take a break from the hectic and monotonous office routine. Other than lodging, our resort will provide conference meeting rooms for these tourists and other necessities for organizing their work sessions, team meetings, seminars, workshops, and conferences during their stay.

5.2.3 Medical Tourists:

The third category includes those tourists who visit Santa Cruz for medical purposes. This group mostly comprises of patients and senior citizens who need a change in their environment as a part of their medical treatment. These tourists need special attention, special diet and a 24-hour medical service, all of which will be available at our resort. The detailed market analysis of our potential customers is given in the following table:

5.3 Business Target

Our main business targets are:

• To become the best resort of Santa Cruz within 5 years of our launch
• To achieve the net profit margin of $10k per month by the end of the first year, $15k per month by the end of the second year, and $25k per month by the end of the third year
• To balance the initial cost of the startup with earned profits by the end of the first year

5.4 Product Pricing

Our every bedroom unit will be charged at $200 per night and will have following facilities: high definition LCD TV, DVD/VCR, video on demand, video games, premium music channels, high-speed internet, fireplace, fully-equipped kitchenette, king-sized bed and full-sized sleeper sofa.

Sales strategy is an important component of a business plan for small resort . Anna carried out an extensive research about various sales, marketing, and advertising strategies before she moved on to starting a resort business .

6.1 Competitive Analysis

We will have an extremely tough competition ahead of us because Santa Cruz houses many high-class luxury resorts. Still, we hope to stand out due to our competitive rates and exceptional customer service. We will provide all facilities of a luxury resort within the lowest rates in the town. Our second competitive edge will be our unparalleled customer service which will be the best in town. We will treat every customer with utmost respect and make sure that they get more than what they had expected from us.

6.2 Sales Strategy

• We will market and advertise our resort on social and print media.
• We will offer online booking and payment services for facilitating customers.
• We will offer a 25% discount on our services for the first three months of our launch.

6.3 Sales Monthly

6.4 Sales Yearly

6.5 Sales Forecast

Considering our competitive rates and the quality of our services our sales pattern is expected to increase with years. By analyzing our market segmentation strategy, our experts have forecasted the following sales on a yearly basis which are summarized in the column charts:

The detailed information about sales forecast, total unit sales, total sales is given in the following table:

Personnel plan

After you have estimated how much does it cost to build a resort , you will have to prepare a personnel plan to estimate how much cost will be incurred on the salaries of the staff.

7.1 Company Staff

Anna will manage the overall operations and will initially hire following people:

• 1 Accountant for maintaining financial records
• 2 Sales Executives responsible for marketing and discovering new ventures
• 4 Chefs for preparing food
• 15 Service Assistants for undertaking various day-to-day operations
• 10 Cleaners for keeping the resort in a perfectly cleaned shape and undertaking other cleaning tasks, like laundry
• 4 Drivers for Airport pick-up and transfer service
• 2 Masseuse for massage and therapy service
• 1 Technician for undertaking IT-related tasks
• 1 Doctor for providing medical service in case of emergency
• 1 Facility Manager for managing all facilities and equipment of the resort
• 1 Front Desk Officer for acting as a receptionist
• 2 Security Officers

7.2 Average Salary of Employees

Financial Plan

Finally, you will have to prepare a financial plan before thinking about how to start a resort . The Heaven’s Inn financial plan outlines the development of the company over the next three years and is specifically developed to achieve the company’s short-term and long-term objectives.

8.1 Important Assumptions

8.2 Brake-even Analysis

8.3 Projected Profit and Loss

8.3.1 Profit Monthly

8.3.2 Profit Yearly

8.3.3 Gross Margin Monthly

8.3.4 Gross Margin Yearly

8.4 Projected Cash Flow

8.5 Projected Balance Sheet

8.6 Business Ratios

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A Comprehensive Guide: Crafting a Business Plan for a Resort Business

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Welcome to the world of resort business! According to a recent report, the global luxury resort market is expected to reach $22.8 billion by 2024, with a compound annual growth rate of 12.3%. This means there is a huge opportunity for you to capitalize on the growing demand for luxurious vacation experiences. But, before you can open your doors to guests, you need a solid business plan.

Writing a business plan for a luxury resort can be quite daunting, but it's an essential step towards turning your dream into a reality. To help you streamline the process, we've put together a 9-step checklist that covers everything you need to consider when creating your business plan.

• Step 1: Conduct Market Research
• Step 2: Determine Target Market
• Step 3: Analyze Competition
• Step 4: Define Unique Selling Proposition
• Step 5: Determine Capital and Financing Needs
• Step 6: Establish Company Structure and Legal Requirements
• Step 7: Choose Location
• Step 8: Create Preliminary Marketing Plan
• Step 9: Develop Operations Plan

By following these steps, you'll have a comprehensive business plan that will help you secure funding, attract guests, and deliver a luxurious vacation experience.

• Conduct Market Research

Before starting a business plan, conducting market research is essential. This research involves gathering data to understand the trends, habits, preferences, and needs of potential customers. This information will help in making informed decisions about the resort's services, amenities, and promotions.

There are two types of market research: primary and secondary. Primary research involves collecting new data directly from customers through surveys, interviews, focus groups, and customer feedback. Secondary research, on the other hand, entails collecting existing data from sources such as government reports, industry publications, and online sources.

• Start by identifying the resort's target market and the type of guests that the resort is likely to attract. This includes their demographics, psychographics, and behaviors.
• Define the resort's geographical market and determine the best location based on proximity to attractions, accessibility, and other factors that may draw guests to the resort.
• Use a mix of online and offline methods to gather data.

Tips for Conducting Effective Market Research

• Go beyond online research: Although online research is useful, it may not give you the whole picture. Interacting with potential customers face-to-face and gathering their opinions can provide valuable insight.
• Be objective: As much as possible, avoid allowing your own subjective opinion to influence your research.
• Invest in reliable research tools: Using reliable and valid research tools will help in collecting accurate data.

After gathering useful data, use the information to develop a comprehensive business plan covering everything from the resources required to the marketing strategies to adopt.

• Determine Target Market

One of the most important aspects of creating a successful business plan for a resort is determining your target market . This will help you understand who your ideal guests are and what they are looking for in a luxury resort.

Start by breaking down your target market into specific segments. Consider factors such as age, income level, geographic location, and interests. This will help you create a more detailed profile of your target audience.

Another important factor to consider is the seasonality of your target market. Will your resort attract visitors year-round, or will it be more popular during specific seasons?

• Consider surveying potential guests to gather data on their interests, preferences, and travel habits.
• Research industry trends and demographic data to better understand your target market.

Once you have a clear understanding of your target market, use this information to guide your marketing efforts. Develop messaging that speaks to their interests and needs, and consider offering tailored packages and promotions to attract their business.

Remember, your target market will inform many of your business decisions, from the amenities you offer to the location of your resort. Keep this in mind as you move forward with your business plan and continue to refine your marketing and operational strategies over time.

• Analyze Competition

Analyzing competition is a vital step to ensure the success of your resort. Doing so will help you identify the strengths and weaknesses of your competitors, as well as discover the opportunities and threats present in the market.

To start with , conduct a comprehensive research on your competitors. Find out how many resorts are in the area, what their prices and amenities are, and what their target market is.

Once you have a good understanding of your competitors, create a SWOT analysis that will help you identify their strengths, weaknesses, opportunities, and threats. This analysis will give you a clear picture and a better understanding of how you can differentiate your resort from the others.

• Visit your competitors as a mystery shopper to experience their services and amenities firsthand.
• Identify what sets your resort apart from others and make sure to highlight it in your marketing materials.
• Create a detailed competitive matrix that compares your resort's features, amenities, and pricing to that of your competitors.

Based on the results of your research and SWOT analysis, create a strategy that emphasizes your unique selling proposition. Your goal should be to offer something that your competitors are not providing or something they don't do well.

Lastly, , keep a close watch on your competitors. Continuously monitor their activities and modify your plans accordingly to stay ahead of the game.

By taking these steps to analyze the competition, you'll be able to make informed decisions that will help you create a successful resort that stands out in the market.

• Define Unique Selling Proposition

Defining your unique selling proposition or USP is a crucial step in creating a business plan for a luxury resort. Your USP is what sets you apart from your competitors and attracts your target market. It is the reason why guests would choose your resort over others, and what makes your resort stand out in a crowded market.

Start by identifying your resort's core values, mission, and vision. These elements will help you define your USP. Ask yourself what makes your resort different from others, why guests should choose your resort, and what you offer that nobody else can.

• Think of unique amenities or services that you can offer at your resort.
• Consider any special events or activities that your resort can organize.
• Research your competition and see what sets them apart from their competitors.

For instance, your luxury resort may offer exceptional service by providing personal butlers to guests. You may also provide unique spa packages that feature exotic treatments or use organic and locally-sourced ingredients. Additionally, your resort may provide exclusive access to nearby attractions, such as horseback riding expeditions, private yacht tours, or authentic cultural experiences that guests cannot find elsewhere.

Your USP should be highlighted on your resort's website, social media platforms, and in your marketing materials. It should communicate to your target market the benefits of choosing your resort, and what makes you different from the competition.

Defining your resort's unique selling proposition takes time and effort. It requires researching your target market, analyzing your competition, and understanding the trends and changes in the hospitality industry. But once you define your USP, you can use it as a foundation for your marketing, branding, and operations, and help your resort stand out from the crowd.

• Determine Capital and Financing Needs

One of the most important aspects of starting a resort is determining how much capital is needed to get the business off the ground, as well as how to finance it. This step requires careful consideration and research to avoid under- or overestimation of the costs.

Start by estimating all the costs involved in building the resort, including land acquisition, construction of buildings and facilities, buying equipment and furniture, and hiring staff. Then add a contingency fund to ensure there is sufficient capital for unexpected costs or delays.

Once you have determined the total amount needed, the next step is to explore financing options. Some of the most common options include:

• Crowdfunding
• Government loans and incentives

Each option has its advantages and disadvantages, and it's important to research and compare before making a decision. It's also a good idea to consult with a financial advisor or attorney to ensure the financing plan is feasible and legal.

• Be realistic when estimating costs. It's better to overestimate than to underestimate and not have enough funds.
• Explore multiple financing options and compare the pros and cons before making a decision.
• Consult with a financial advisor or attorney to ensure the financing plan is feasible and legal.
• Consider offering incentives for investors or contributors, such as discounts on resort services or special events.

Overall, determining the capital and financing needs of a resort can be a complex and time-consuming process, but it's crucial to the success of the business. By carefully estimating costs and researching financing options, resort owners can create a solid financial plan to achieve their goals.

Establish Company Structure And Legal Requirements

When starting any business venture, it's important to establish the proper company structure . This determines your business's legal status, ownership structure, and tax implications. As a resort owner, you can choose to set up your business as a sole proprietorship, partnership, limited liability company (LLC), or corporation. Each structure has its own unique benefits and drawbacks, so make sure to research your options thoroughly.

Once you've determined your company structure, you'll need to file the proper legal requirements . This includes registering your business with the appropriate state and local government agencies, obtaining any necessary licenses and permits, and securing any required insurance policies. Failure to do so can result in fines, legal liability, and even the closure of your business.

• Consult with a lawyer or accountant to help you determine the best company structure for your resort.
• Research all the legal requirements in your state or country to ensure you comply with them.
• Make sure to obtain appropriate insurance coverage to protect your business from liability.
• Keep all important legal documents organized and in a safe place.

Another important consideration when establishing your company structure is ownership and management . Determine who will be the owners and operators of your resort, as well as the roles and responsibilities of each person. This includes setting up agreements and contracts that outline the terms of any partnerships or collaborations between owners and operators.

Finally, it's important to establish a clear financial plan that takes into account your capital and financing needs. This includes creating a budget, determining how you will fund your resort, and accounting for any expected expenses such as maintenance, marketing, and staffing costs.

By carefully considering your company structure and legal requirements, you can set your luxury resort up for long-term success and avoid any legal issues or complications down the line.

• Choose Location

Choosing the perfect location for your luxury resort is one of the most crucial aspects to consider when writing a business plan. The location you choose will determine the type of guests you attract, the competition you face, and the overall success of your resort.

Location Factors: Consider the following factors when choosing your resort's location:

• Geographical location and accessibility
• Proximity to natural attractions, like beaches, mountains, or natural reserves
• Availability of necessary resources, like clean water, electricity, and internet access
• Local economy and demographic trends, including population growth and tourism rates
• Potential for expansion and development
• Research local zoning laws and regulations to ensure that your resort will comply with local laws.
• Consider the environmental impact of your resort and its facilities.
• Partner with local businesses to create mutually beneficial relationships and attract more guests.

Competition: Analyze the competition in your chosen location. Consider the number and quality of similar resorts, as well as any niche markets that your resort could fill.

Accessibility: Consider the accessibility of your chosen location. Ensure that guests can easily reach your resort by plane, car, or other modes of transportation. Accessible locations make it easier to attract guests and turn them into repeat customers.

Location Cost: Consider the cost of the location, including both the purchase or lease costs and any associated maintenance and renovation costs. Ensure that your budget can handle all of these expenses, and that your projected profits can cover the costs of running the resort.

Choosing the right location for your luxury resort may take time, research, and consideration, but it is an investment that will determine the overall success of your business.

• Create Preliminary Marketing Plan

Once you have defined your unique selling proposition and determined your target market, it is time to create a preliminary marketing plan. This plan should outline your strategies for building brand awareness and attracting guests to your luxury resort. Here are some important steps to take:

• Partner with local businesses and attractions to create attractive vacation packages for guests.
• Host exclusive events and activities at your resort to create buzz and attract influencers and media attention.
• Consider offering discounts or special promotions to guests who book directly through your website or social media channels.

Creating a preliminary marketing plan will help you establish a strong brand identity and attract guests to your luxury resort. Remember to regularly evaluate the effectiveness of your marketing strategies and make adjustments as needed.

• Develop Operations Plan

The operations plan is a crucial part of your business plan, as it outlines how you will run your resort on a day-to-day basis. It covers everything from staffing and daily tasks to inventory management and customer service. A solid operations plan will ensure your guests have an exceptional experience, while also keeping your resort running smoothly.

Staffing: One of the most important aspects of your operations plan is staffing. You'll need to determine how many employees you'll need, what roles they'll fill, and what qualifications and experience they'll need. For a luxury resort, you'll likely need a mix of front-line staff, such as receptionists and waitstaff, as well as specialized staff, such as chefs and spa therapists.

• Be sure to hire staff who are passionate about hospitality and guest service.
• Invest in ongoing training and development for your employees to ensure they have the skills they need to provide exceptional service.

Inventory Management: Another key aspect of your operations plan is inventory management. You'll need to keep track of your resort's supplies, such as linens, toiletries, and food and beverage, to ensure you always have what you need on hand. You'll also need to establish processes for ordering and restocking inventory, and for ensuring that any wasted or spoiled items are disposed of properly.

• Invest in technology such as inventory management software to streamline this process.
• Train your employees on proper inventory management practices to minimize waste and maximize efficiency.

Customer Service: Providing exceptional customer service is a cornerstone of any successful resort. Your operations plan should outline the processes and protocols for ensuring your guests receive top-notch service at all times. This may include training for your staff, establishing service standards, and implementing customer feedback programs.

• Empower your front-line staff to make decisions and take action to resolve any guest issues or concerns.
• Use customer feedback to continually improve your operations and service offerings.

Facilities Maintenance: Maintaining your resort's facilities is crucial to ensuring your guests have a comfortable and enjoyable stay. Your operations plan should outline the processes and schedules for cleaning and maintaining your resort's buildings, grounds, and equipment.

• Invest in regular maintenance for all of your resort's facilities and equipment to prevent breakdowns and ensure everything is in top condition.
• Establish a schedule for regular cleaning and upkeep to ensure your resort always looks its best.

Security: Finally, security is an important consideration for any resort. Your operations plan should outline the measures you'll take to keep your guests and staff safe, such as establishing security protocols and training your staff on emergency procedures.

• Invest in security technology such as cameras and alarms to deter and prevent potential security issues.
• Train your staff on emergency procedures such as evacuation and handling medical emergencies.

Creating a business plan is crucial for any entrepreneurial venture, including a luxury resort. By following these nine steps, you can develop a comprehensive plan to achieve your goals and attract investors.

Remember to conduct market research to understand your target market and competition. Define your unique selling proposition and determine the capital and financing needs for your resort. Establish the company structure and legal requirements, choose a location, create a preliminary marketing plan, and develop an operations plan.

A successful luxury resort is built on providing guests with a unique and memorable experience. By following this checklist, you can ensure that your resort meets the needs and desires of your guests while also being financially sustainable.

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Sample Resort Business Plan

Writing a business plan is a crucial step in starting a resort. Not only does it provide structure and guidance for the future, but it also helps to create funding opportunities and attract potential investors. For aspiring resort owners, having access to a sample resort business plan can be especially helpful in providing direction and gaining insight into how to draft their own resort business plan.

Download our Ultimate Resort Business Plan Template

Having a thorough business plan in place is critical for any successful resort venture. It will serve as the foundation for your operations, setting out the goals and objectives that will help guide your decisions and actions. A well-written business plan can give you clarity on realistic financial projections and help you secure financing from lenders or investors. A resort business plan example can be a great resource to draw upon when creating your own plan, making sure that all the key components are included in your document.

The resort business plan sample below will give you an idea of what one should look like. It is not as comprehensive and successful in raising capital for your resort as Growthink’s Ultimate Resort Business Plan Template , but it can help you write a resort business plan of your own.

Resort Business Plan Example – EscapeElysium Resort

Table of contents, executive summary, company overview, industry analysis, customer analysis, competitive analysis, marketing plan, operations plan, management team, financial plan.

EscapeElysium Resort is a newly established luxury resort located in the heart of Wichita, KS, offering an unparalleled experience of relaxation and indulgence. Our mission is to provide guests with an escape from the ordinary, enveloping them in a world of luxury, comfort, and tranquility. Set against a backdrop of breathtaking landscapes, our resort features state-of-the-art facilities, including a spa, fine dining restaurants, and elegantly designed accommodations. Our commitment to exceptional customer service and a personalized guest experience sets us apart in the competitive hospitality industry. EscapeElysium Resort is not just a destination; it’s an experience, promising every visitor a slice of paradise in Wichita.

Our success is driven by several key factors and accomplishments. Firstly, our strategic location in Wichita, KS, positions us perfectly to attract both local and international visitors looking for a unique luxury resort experience. Additionally, our commitment to providing unparalleled customer service and personalized experiences has already garnered positive feedback in our early operations. Our innovative approach to integrating technology for seamless service delivery and guest interaction further enhances our competitive edge. We’ve also established partnerships with local businesses to enrich our guests’ experiences, making us a notable newcomer in the luxury hospitality market.

The luxury resort industry is characterized by its high level of competition and the constant need for innovation to meet evolving customer expectations. Trends indicate a growing demand for personalized experiences, wellness-focused amenities, and sustainable practices. The industry is also influenced by economic factors, with luxury travel often seen as a direct beneficiary of economic upturns. Recognizing these trends, EscapeElysium Resort is poised to cater to the sophisticated needs of our target market by offering a unique blend of luxury, relaxation, and personalized services that prioritize guest wellness and sustainability. Our focus on these key industry drivers ensures our relevance and appeal in the competitive market landscape.

Our target customers are affluent individuals and couples seeking a luxury escape that provides relaxation, indulgence, and unique experiences. They are typically aged 30-60, value high-quality services, and seek more than just accommodation; they look for an exceptional and memorable stay. Our guests prioritize wellness, privacy, and personalized services, and they possess the disposable income to pay a premium for these experiences. Understanding our customers’ preferences and expectations allows us to tailor our offerings, ensuring that EscapeElysium Resort exceeds their demands for luxury, comfort, and exclusivity.

Top Competitors:

Luxury Haven Resort & Spa: Offers a wide range of wellness amenities. Paradise Peak: Known for its exceptional dining experiences. Grandeur Getaways: Features extensive outdoor adventure activities.

Our competitive advantage lies in our unparalleled customer service, our unique blend of luxury and technology for personalized guest experiences, and our strategic partnerships with local businesses. These factors differentiate us from our competitors and position us as a leading choice for luxury travel in Wichita, KS.

EscapeElysium Resort combines innovative and traditional marketing strategies to attract and retain our target audience. Our product offerings, including luxurious accommodations, spa services, and gourmet dining, are priced competitively to offer value while ensuring a premium experience. We leverage online marketing through social media, SEO, and email campaigns to engage potential guests. Additionally, our promotions plan includes targeted ads, local partnerships, and hosting special events to showcase our resort. Influencer collaborations and encouraging guest referrals play a significant role in our strategy, aiming to build a loyal customer base through authentic and personal experiences.

Our key operational processes focus on providing exceptional guest experiences through efficient service delivery and personalized guest engagement. We are implementing advanced reservation systems and guest management technology to streamline operations. Milestones include the completion of our luxury spa and wellness center, achieving a 75% occupancy rate within the first year, and establishing partnerships with at least five local businesses to enhance our guest offerings. These steps are crucial for ensuring operational excellence and for solidifying EscapeElysium Resort’s reputation as a premier luxury destination.

Our management team comprises experienced professionals with diverse backgrounds in the hospitality industry. Led by our CEO, a veteran with over 20 years in luxury resort management, our team includes experts in guest services, operations, marketing, and finance. Each member brings a wealth of knowledge and a proven track record of success, positioning EscapeElysium Resort for exceptional performance and growth in the luxury hospitality market.

Welcome to EscapeElysium Resort, a new gem in the heart of Wichita, KS. As a local resort, we pride ourselves on bringing a much-needed high-quality vacation and relaxation experience to the area. Understanding the lack of premium local resorts, we’ve stepped in to fill this gap, ensuring that our community and visitors to Wichita have access to unparalleled hospitality and leisure services right on their doorstep.

At EscapeElysium Resort, our offerings are designed to cater to a wide range of needs and preferences. Our accommodation services are top-notch, providing a comfortable and luxurious stay for all our guests. We believe that dining is a crucial part of the resort experience, which is why our culinary services aim to delight with a variety of delicious, high-quality meals prepared by our skilled chefs. For those looking to relax or stay active, our recreational facilities include everything from a state-of-the-art gym to serene spa treatments. We also offer comprehensive event and conference services, equipped to host gatherings of all sizes in our beautiful spaces. Additionally, our concierge and guest services are always at hand to ensure every need is met, making stays at EscapeElysium Resort truly unforgettable.

Located in the vibrant city of Wichita, KS, EscapeElysium Resort serves both the local community and visitors looking for an exceptional getaway. Our strategic location combines the tranquility necessary for a relaxing stay with the convenience of being close to the city’s attractions.

Our foundation for success is built on a few key factors. Firstly, our founder brings invaluable experience from previously running a successful resort, ensuring that we understand the intricacies of delivering high-quality hospitality services. Secondly, we are committed to providing superior accommodation, recreational, and guest services compared to our competitors. Furthermore, our venue’s beauty is unmatched, offering an idyllic setting for both relaxation and events.

Since our inception on January 3, 2024, as a Limited Liability Company, we have made significant strides. Our achievements include the creation of a unique and recognizable logo, the development of our company name that resonates with our mission and vision, and securing a fantastic location that complements our offerings. These accomplishments mark just the beginning of our journey towards becoming the premier resort destination in Wichita, KS.

The Resort industry in the United States is a thriving sector that continues to grow year after year. Currently, the market size of the Resort industry in the US is estimated to be around $200 billion. With an increasing number of people looking for unique and luxurious vacation experiences, the demand for resorts is expected to continue rising in the coming years. This presents a significant opportunity for new resorts like EscapeElysium Resort to enter the market and cater to the growing customer base.

One of the key trends in the Resort industry that bodes well for EscapeElysium Resort is the shift towards experiential travel. Customers are increasingly looking for immersive and personalized experiences during their vacations, rather than just a place to stay. EscapeElysium Resort can capitalize on this trend by offering unique activities, amenities, and services that cater to the desires of modern travelers. By providing a memorable and unforgettable experience, EscapeElysium Resort can differentiate itself from competitors and attract a loyal customer base.

Additionally, the growing trend of wellness tourism presents a significant opportunity for EscapeElysium Resort to attract customers in Wichita, KS. With more people prioritizing health and well-being in their travel experiences, resorts that offer spa treatments, fitness classes, healthy dining options, and outdoor activities are in high demand. EscapeElysium Resort can position itself as a wellness-focused destination, providing guests with a rejuvenating and relaxing retreat from their everyday lives. By aligning with this trend, EscapeElysium Resort can set itself apart and appeal to health-conscious travelers in the region.

Below is a description of our target customers and their core needs.

Target Customers

EscapeElysium Resort will target a diverse array of customers, with a significant emphasis on local residents. These individuals are likely seeking a convenient escape without the need for extensive travel. The resort will tailor its offerings to cater to the preferences and needs of this demographic, promoting staycation packages and local getaway deals to attract this customer segment.

Beyond local residents, EscapeElysium Resort will also focus on attracting tourists and business travelers visiting Wichita. The resort will offer amenities and services that cater to the needs of these guests, such as conference facilities for business meetings and unique experiences for tourists looking to explore the local culture. This approach is expected to diversify the customer base and ensure a steady flow of guests throughout the year.

Additionally, EscapeElysium Resort will target couples and families seeking a luxurious getaway or celebration destination. Special packages for anniversaries, honeymoons, and family holidays will be developed, aiming to make the resort a top choice for those special occasions. By offering a mix of relaxation and adventure, the resort will meet the expectations of a wide range of guests, ensuring memorable experiences for every visitor.

Customer Needs

EscapeElysium Resort caters to guests seeking high-quality accommodation by offering luxurious rooms and suites designed with comfort and elegance in mind. Visitors can expect state-of-the-art amenities within their living spaces, ensuring a stay that combines relaxation with the comforts of modern living. This commitment to quality accommodation enables guests to experience a home away from home, where every need is anticipated and met with exceptional service.

Aside from superior lodging, EscapeElysium Resort provides a variety of recreational activities designed to entertain and relax. Guests can indulge in a wide range of on-site amenities, including a world-class spa, fitness center, and outdoor pools, all set within beautifully landscaped grounds. These facilities cater to all ages and interests, ensuring that every visitor can find something to enjoy, whether they are looking for adventure or a peaceful retreat.

At EscapeElysium Resort, guest services are paramount, with a dedicated team available to cater to every whim. From concierge services that can arrange local tours and reservations to 24/7 room service for those midnight cravings, guests can expect a level of service that goes above and beyond. This commitment to excellence in guest services ensures a seamless and unforgettable experience, making EscapeElysium Resort the perfect destination for those seeking luxury, recreation, and impeccable service.

EscapeElysium Resort’s competitors include the following companies: Cruise Holidays of Wichita, Homewood Suites by Hilton – The Waterfront, and Hilton Garden Inn Wichita Downtown. Each of these competitors offers distinct products and services, caters to specific customer segments, and operates in various locations.

Cruise Holidays of Wichita specializes in providing cruise vacation planning services. They offer a wide range of cruise options, from luxury to budget-friendly cruises, catering to different customer preferences and price points. Their key strength lies in their personalized service and extensive knowledge of the cruise industry, which allows them to tailor vacation packages to individual customer needs. However, their focus on cruises might limit their appeal to customers looking for a more traditional resort experience.

Homewood Suites by Hilton – The Waterfront is located in a prime area, offering guests stunning views and a serene environment. They provide a range of accommodations, from standard rooms to suites, equipped with kitchens for longer stays. Their price points are competitive, offering value through complimentary breakfast and evening socials on weekdays. A key strength is their appeal to both business and leisure travelers, thanks to their versatile room offerings and amenities like a fitness center and pool. However, their location, while beautiful, might not be as accessible for those looking to explore downtown Wichita more extensively.

Hilton Garden Inn Wichita Downtown, situated in the heart of the city, serves as an ideal spot for travelers seeking proximity to Wichita’s business and entertainment districts. They offer a variety of room types at different price points, catering to both business travelers and tourists. Their amenities include a fitness center, indoor pool, and an on-site restaurant, providing convenience and comfort to their guests. A key strength is their central location, which allows easy access to local attractions and businesses. However, compared to resorts or vacation-specific hotels, they might lack the unique leisure-focused amenities and experiences that some travelers seek. In summary, these competitors serve different segments of the market, from those looking for luxury cruise vacations and serene waterfront stays to guests preferring the convenience of a downtown location. Each has its strengths, such as personalized cruise planning services, comprehensive amenities for extended stays, and central locations for business and leisure activities. Their weaknesses range from a limited appeal to non-cruise travelers, potential accessibility issues for those wishing to explore beyond the waterfront, and a possible lack of unique leisure amenities for those seeking a resort-like experience.

Competitive Advantages

At EscapeElysium Resort, we pride ourselves on delivering an unparalleled experience to our guests through our superior quality accommodations, recreation, and guest services. Our commitment to excellence ensures that every aspect of a guest’s stay exceeds expectations, setting us apart from the competition. Our accommodations are meticulously designed for comfort and luxury, offering a serene and lavish escape from the everyday. We understand the importance of a comprehensive vacation experience, which is why our recreational activities are tailored to cater to a wide range of interests, ensuring there’s something for everyone. Our guest services team goes above and beyond, providing personalized attention and care to make every stay memorable.

Furthermore, our venue’s beauty is a significant competitive advantage, offering guests a breathtaking backdrop that enhances their stay with us. The picturesque surroundings not only serve as a perfect setting for relaxation and rejuvenation but also offer numerous photographic opportunities that our guests cherish. This unique combination of high-quality services and our stunning venue enables us to offer a unique value proposition in the hospitality market. Our attention to detail, commitment to guest satisfaction, and the natural allure of our location make us a preferred choice for travelers seeking an exceptional resort experience in the region. In essence, our dedication to creating unforgettable experiences through our superior offerings and beautiful venue establishes us as a leader in the hospitality industry.

Our marketing plan, included below, details our products/services, pricing and promotions plan.

Products and Services

EscapeElysium Resort offers a variety of services tailored to meet the needs of its guests, ensuring a memorable stay filled with luxury, comfort, and adventure. From exquisite accommodation options to diverse culinary experiences, the resort is designed to cater to every preference and occasion.

The resort provides exceptional accommodation services, with a range of rooms and suites designed for ultimate comfort and relaxation. Guests can expect to find elegantly furnished spaces that blend modern aesthetics with functionality. Prices for accommodation vary depending on the room type and season, with an average price starting from $250 per night. Each room is equipped with state-of-the-art amenities to ensure a stay that is both luxurious and comfortable.

Dining and culinary services at EscapeElysium Resort are a highlight, offering an array of gastronomic delights. The resort boasts several restaurants and bars, each presenting a unique menu that features local and international cuisine prepared by world-class chefs. Guests can indulge in fine dining experiences or enjoy casual meals in a relaxed atmosphere. The average cost of a meal per person is around $50, providing a range of options to suit diverse tastes and budgets.

For those seeking leisure and entertainment, the resort’s recreational facilities are second to none. Guests can enjoy access to a variety of amenities including a state-of-the-art fitness center, outdoor swimming pools, a spa, and tennis courts. Additionally, the resort offers bespoke activities such as guided tours, water sports, and outdoor adventures. Prices for recreational activities and facilities access vary, with an average cost of $100 per person for exclusive activities.

EscapeElysium Resort is also an ideal destination for hosting events and conferences. With versatile event spaces and a dedicated team of planners, the resort can accommodate a wide range of functions from corporate meetings to lavish weddings. Event and conference services are tailored to meet specific requirements, ensuring a smooth and successful event. Pricing for event services is customized based on the scope and scale of the event, with packages starting at $5,000.

To enhance the guest experience, the resort offers comprehensive concierge and guest services. These services include but are not limited to, personal shopping, transportation arrangements, tour bookings, and special requests. The concierge team is dedicated to ensuring that every aspect of the guest’s stay is meticulously planned and executed. Prices for concierge services are dependent on the nature of the request, with most basic services being complimentary and more personalized services available at an additional cost.

In summary, EscapeElysium Resort offers a luxurious and immersive experience with a wide range of services designed to cater to the needs of every guest. Whether it’s the comfort of their accommodation, the quality of their dining experiences, the variety of recreational activities, the capability to host significant events, or the attention to detail of their concierge services, guests can expect an unparalleled stay at EscapeElysium Resort.

Promotions Plan

EscapeElysium Resort embarks on a journey to captivate and attract customers through a blend of innovative and traditional promotional methods. At the core of its strategy, online marketing plays a pivotal role, utilizing the power of the internet to reach a broad audience. The resort will leverage social media platforms, search engine optimization (SEO), and email marketing campaigns to connect with potential guests. Social media channels, including Instagram, Facebook, and Twitter, will showcase the resort’s amenities, special events, and exclusive offers, engaging users with visually appealing content and interactive posts.

Moreover, EscapeElysium Resort will deploy targeted ads through Google AdWords and social media platforms, ensuring the resort appears in search results and feeds of users who have shown interest in travel and luxury resorts. This precision in advertising allows the resort to efficiently allocate its marketing budget and increase conversion rates. Email marketing campaigns will complement these efforts, sending personalized offers and newsletters to subscribers, keeping them informed and excited about upcoming opportunities to visit the resort.

Beyond online marketing, EscapeElysium Resort will also incorporate traditional marketing tactics to reach a wider audience. Local partnerships with businesses and organizations in Wichita, KS, will generate buzz and offer mutual promotional benefits. Events hosted at the resort, such as open houses, tastings, and themed parties, will provide firsthand experiences of the luxury and relaxation awaiting guests. Public relations efforts, including press releases and media invitations to special events, will aim to secure coverage in local newspapers, magazines, and TV stations, further elevating the resort’s presence in the community.

Collaborations with influencers and bloggers who specialize in travel and luxury experiences will enhance the resort’s visibility and credibility. By inviting them to stay and share their experiences with their followers, EscapeElysium Resort will tap into new networks of potential guests. Additionally, offering incentives for referrals and positive reviews will encourage satisfied guests to become advocates for the resort, organically spreading the word about their exceptional experiences.

EscapeElysium Resort recognizes the importance of a strong, multi-faceted promotional strategy to attract guests. Through a combination of online marketing, traditional approaches, partnerships, and leveraging the influence of satisfied guests, the resort will establish itself as a premier destination in Wichita, KS. With these efforts, EscapeElysium Resort expects to build a loyal customer base and become a sought-after location for those seeking luxury, relaxation, and unique experiences.

Our Operations Plan details:

• The key day-to-day processes that our business performs to serve our customers
• The key business milestones that our company expects to accomplish as we grow

Key Operational Processes

To ensure the success of EscapeElysium Resort, there are several key day-to-day operational processes that we will perform.

• Customer Check-In and Check-Out: Efficiently manage guest arrivals and departures to ensure a smooth process. Front desk staff can quickly access reservations, assign rooms, and process payments to minimize wait times.
• Housekeeping and Maintenance: Ensure rooms and common areas are clean and well-maintained. Housekeeping staff can conduct daily cleaning, while the maintenance team can address any repair needs promptly to ensure guest comfort and safety.
• Food and Beverage Services: Provide high-quality dining experiences through our on-site restaurants and room service. Kitchen and service staff can prepare and serve meals, manage inventory, and maintain cleanliness and health standards.
• Guest Services and Concierge: Offer personalized services to enhance guest experiences. Concierge staff can assist with bookings, provide information about local attractions, and cater to special guest requests.
• Recreational Facilities Management: Ensure recreational areas such as pools, fitness centers, and spas are clean, safe, and well-staffed. Staff can organize activities and ensure equipment is in good condition for guest use.
• Security and Safety Operations: Maintain a secure environment for guests and staff. Security personnel can monitor the premises, manage access control, and respond to emergencies, while regular safety drills and checks are conducted.
• Financial Management: Handle daily financial transactions, including billing, payments, and budgeting. The finance team can ensure accurate accounting, manage cash flow, and prepare financial reports for management review.
• Marketing and Customer Relations: Engage with guests to gather feedback and manage online presence. Marketing staff can promote special offers, manage social media accounts, and address guest reviews to improve service quality and attract new customers.
• Staff Training and Development: Conduct regular training sessions for staff across all departments to ensure high service standards. Training programs can cover customer service, operational procedures, and emergency response.
• Inventory Management: Keep track of supplies, equipment, and amenities to ensure they are available when needed. Procurement staff can order and restock items efficiently to avoid shortages or excess inventory.

EscapeElysium Resort expects to complete the following milestones in the coming months in order to ensure its success:

• Securing a Prime Location: Successfully negotiate and secure a lease or purchase agreement for a prime location that aligns with the target market’s preferences and accessibility in Wichita, KS.
• Obtaining Necessary Permits and Licenses: Successfully acquire all necessary permits and licenses required for operating a resort, including zoning permits, health and safety certifications, liquor licenses (if applicable), and any other local regulatory requirements.
• Completing Construction and Interior Design: Finalize the construction, remodeling, and interior design of the resort to meet the brand’s standards for luxury and comfort, ensuring all facilities are guest-ready and compliant with safety regulations.
• Hiring and Training Staff: Complete the process of hiring qualified staff for all operational areas of the resort (e.g., guest services, housekeeping, food and beverage, maintenance) and provide comprehensive training to ensure high-quality guest experiences.
• Implementing Marketing and Pre-Launch Campaigns: Develop and implement a strategic marketing plan that includes pre-launch campaigns to generate buzz and excitement about the resort’s opening, targeting both local customers and tourists.
• Soft Launch: Conduct a soft launch to test operations, gather feedback, and make necessary adjustments before the grand opening. This may include inviting a limited number of guests or hosting a private event.
• Grand Opening: Officially launch EscapeElysium Resort with a grand opening event that showcases the resort’s amenities and services, aimed at creating a memorable first impression and attracting media coverage.
• Establishing Strategic Partnerships: Forge partnerships with local businesses, travel agencies, and event planners to drive traffic to the resort and enhance guest experiences through complementary services.
• Reaching $15,000/month in Revenue: Achieve the financial milestone of generating at least $15,000 in monthly revenue, which will be a critical indicator of the resort’s capability to attract and retain customers, as well as manage operational costs effectively.
• Guest Experience Optimization: Continuously gather and analyze guest feedback to improve and refine the guest experience, ensuring high levels of satisfaction and encouraging repeat business and positive word-of-mouth.

EscapeElysium Resort management team, which includes the following members, has the experience and expertise to successfully execute on our business plan:

Vivian Alexander, President

Vivian Alexander brings a wealth of experience to her role as President of EscapeElysium Resort. With a proven track record of success in the hospitality industry, Vivian has demonstrated her ability to lead and grow a resort business effectively. Her previous experience in managing a resort has furnished her with a deep understanding of what it takes to create memorable experiences for guests while ensuring operational efficiency and profitability. Vivian’s leadership skills, combined with her strategic vision and commitment to excellence, make her exceptionally qualified to guide EscapeElysium Resort toward achieving lasting success in the competitive resort market.

EscapeElysium Resort seeks to secure funding to achieve our growth goals and elevate our position in the luxury resort market. These funds will be allocated towards completing our spa and wellness center, enhancing our marketing efforts, and further developing our guest services. Our financial strategy is designed to ensure sustainable growth and profitability, positioning us as a leading destination for luxury travelers.

Financial Statements

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Income Statement

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Cash Flow Statement

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• Sample Plans

Resort Business Plan

Thinking of starting or expanding your resort business? Here's a practical business plan example and a readymade template that you can refer to while developing your own resort business plan. Start your planning now!!

Resorts today aren’t just places to relax—they’ve become destinations offering unique experiences, whether it’s a peaceful wellness retreat or an adventure-packed getaway. With the global resort industry projected to hit $1.27 billion by 2028, this is then a fantastic time for you if you wish to enter into the business of resorts.

But creating a standout resort takes more than just picking a beautiful location. You’ll need a solid business plan to draw in guests, secure investments, and build long-term success.

So much to do right? No problem, we have got your back.

However, the resort business plan example in this article will help you gain a clearer view of your planning. Let’s begin!

Resort business plan example

Whether you’re starting from scratch or trying to improve upon your current enterprise, a solid business plan will be indispensable in directing your resort endeavor. This real-world business plan sample will inspire your own.

Explore Tranquil Horizons Resort's business plan example to see how you can structure your plan and set the foundation for your resort business.

Executive summary

Tranquil Horizons Resort is a luxury beachfront retreat located at 987 Ocean View Drive, Key West, Florida. Offering a blend of luxury, relaxation, and adventure, the resort features premium accommodations, fine dining, a full-service spa, private beach access, water sports, and wedding services.

Market opportunity

Tranquil Horizons Resort is well-positioned to capitalize on these trends with its comprehensive range of services, commitment to sustainability, and focus on delivering personalized guest experiences.

The resort targets four primary customer segments:

• Romantic getaway seekers
• Families on vacation
• Corporate groups
• International tourists

Competitive advantage

Tranquil Horizons Resort differentiates itself from competitors through several key advantages:

• Right on the beach: The resort is set on a large stretch of secluded, private sands that creates an environment of quiet and exclusivity for guests.
• Amenities: Luxury lodging, fine dining, full-service spa, and a variety of other topics within the resort.
• Dedication to sustainable practices: The resort promises sustainable practices such as renewable energy sources, waste reduction, and community support which speaks volumes for the environmentally aware traveler whose footprint size is always on their minds.
• Customization of guest experience: Special emphasis on one-to-one customized service and services, to make the guest happy so that he gets back.

Financial projections

Tranquil Horizons Resort is projected to achieve steady growth in revenue and profitability over the first three years of operation.

Year 1 projections

• Total revenue: $2,500,000
• Net profit: $800,000

Year 2 projections

• Total revenue: $3,350,000
• Net profit: $1,280,000

Year 3 projections

• Total revenue: $4,200,000
• Net profit: $1,800,000

Funding requirements

The resort seeks an initial funding amount of $2.5 million to cover start-up costs. The funding will be used for:

• Property acquisition: 40%
• Construction and renovation: 30%
• Marketing and pre-opening expenses: 20%
• Initial operating costs: 10%

Company Overview

Business name: Tranquil Horizons Resort

Location: 987 Ocean View Drive, Key West, Florida, 33040

Legal structure: Limited liability company (LLC)

Mission statement

To provide an unparalleled resort experience that combines luxury, relaxation, and adventure, ensuring every guest leaves with unforgettable memories.

Vision statement

To become the premier resort destination in the Florida Keys, known for exceptional service, a stunning location, and a commitment to sustainability.

Location and facilities

The resort spans several acres of lush, tropical landscape, providing a serene and secluded environment for guests to relax and rejuvenate.

The resort features:

• Luxury accommodations
• Fine dining restaurants
• Full-service spa
• Private beach access
• Water sports and recreational activities
• Wedding and event planning services

Unique value proposition

Tranquil Horizons Resort stands apart from other luxury resorts in Florida by offering a unique blend of high-end luxury, personalized service, and a strong commitment to sustainability.

Luxury and comfort

Guests can indulge in a truly exceptional experience with a wide selection of upscale accommodations and premium amenities designed for ultimate comfort and relaxation.

Personalized guest experiences

What sets the resort apart is its focus on personalized service. From the moment guests arrive, the team tailors every detail to meet their preferences, making sure they feel valued throughout their stay.

Commitment to sustainability

Tranquil Horizons takes its responsibility to the environment seriously, using renewable energy, minimizing waste, and supporting local communities—all while maintaining an eco-friendly approach.

Prime beachfront location

Nestled on a private stretch of beach in the stunning Florida Keys, the resort offers a peaceful and secluded getaway where guests can unwind and immerse themselves in nature’s beauty.

Industry analysis

The global luxury resort market has been steadily growing over the past decade, with an increasing number of affluent travelers seeking exclusive and personalized travel experiences. The market size is projected to continue expanding, driven by the following factors:

• Rising disposable income
• Increased focus on experiential travel
• Growth in wellness tourism
• Demand for privacy and exclusivity

Key industry trends

Several key trends are shaping the luxury resort industry:

Sustainability

The world is changing and everyone wants to support eco-friendly practices when they can so more sustainable travel options will be offered. Tourists usually pick out hotels that appear to be extra sustainable, ones that use renewable electricity, and include low or zero waste disposal all combined with supporting local communities.

Technology is also used in premium-class resorts widely these days. Technology like VR tours, online booking systems, smart room controls, and AI-powered concierge services add guests to their benefits list while also ensuring effective operations.

Customization and personalization

Consumers in this category expect to receive services that are tailor-made for their unique needs/preferences.

The gorgeous upscale resorts have taken the lead in putting up legit health and safety guidelines following the pandemic, so you know that it is safe to stay.

Growth opportunities

There are several growth opportunities in the luxury resort market that Tranquil Horizons Resort can use:

Expanding wellness offerings

With the growing demand for wellness tourism, there is an opportunity to expand spa services, fitness programs, and wellness retreats to attract health-conscious travelers.

Developing unique experiences

Creating unique experiences, such as guided eco-tours, private dining under the stars, and cultural immersion programs, can enhance the guest experience and differentiate the resort from competitors.

Improved digital presence

Investing in digital marketing strategies, including SEO, social media, and influencer partnerships, can increase brand visibility and attract a global audience.

Strengthening partnerships

Building strategic partnerships with travel agencies, corporate event planners, and luxury brands can expand the resort’s reach and attract diverse customer segments, including corporate groups and international tourists.

Customer analysis

This section analyzes the key customer segments targeted by Tranquil Horizons Resort, their preferences and behaviors, and the strategies to attract and retain them.

Customer segments

Tranquil Horizons Resort targets the following primary customer segments:

• Couples seeking romantic getaways
• Corporate groups for retreats and conferences

Customer acquisition and retention strategies

Tranquil Horizons Resort uses a combination of targeted marketing strategies and loyalty programs that they use to both acquire and retain these customers, paints an interesting picture:

Digital marketing

Promotion of a brand or product via one or more forms of electronic media, including an SEO-optimized website, social media campaigns, and influencer collaborations that seek to reach prospective clients by age group and region.

Special packages and promotions

Discount codes, last-minute exclusive offers, or a package deal where you include everything from romantic getaway packages for 2 to family vacation deals as well as options available on specific company retreats.

Loyalty programs

Implement a loyalty program to make customers return and increase customer retention.

Partnerships

Forging partnerships with the travel industry as well, corporate event planners, and luxury brands that can help shed light on the destination resort to a broader audience.

Customer feedback and improvement

Collecting event-related feedback constantly to add betterment in services.

Competitive analysis

Tranquil Horizons Resort faces competition from several well-established resorts in the Florida Keys, each offering unique experiences and amenities. The primary competitors include:

1) Ocean Key Resort & Spa

Location: Key West, Florida

Target market: Primarily couples, honeymooners, and luxury travelers looking for a romantic and upscale experience.

Great location: Located in the heart of Key West, this vacation home provides easy access to popular sites including shopping and entertainment.

Reputation and brand recognition: Well-established brand with a strong reputation for luxury and service excellence.

Awesome spa services: The resorts' spas are top tourist hubs where most of the guests opt for wellness treatments.

Lack of privacy: As a result, their central location may lack the romantic seclusion some guests prize for more serene and deluxe getaways.

Space constraints: The resort does not have much more land to expand, limiting the number of additional amenities or units it can add.

Higher price points: As a premium product, the resort's rates are likely to outpace some competitors and potentially preclude more budget-minded travelers.

2) Sunset Key Cottages

Location: Private island off the coast of Key West, Florida

Target market: Luxury travelers, honeymooners, and families seeking privacy and exclusivity.

Privacy and exclusivity: Located on a private island, offering guests a secluded and intimate experience, ideal for those seeking a retreat away from the crowds.

Unique accommodation: Standalone cottages provide a sense of exclusivity and privacy not found in traditional hotel settings.

High guest satisfaction: The resort enjoys high ratings and positive reviews for its service, amenities, and tranquil environment.

Accessibility: The resort is only accessible by a private ferry, which could be inconvenient for some guests and may limit spontaneous visits or last-minute bookings.

Higher operational costs: The logistics of operating on a private island can result in higher operational costs, which may affect pricing and profitability.

Limited amenities: Due to its smaller size and exclusive focus, the resort offers fewer on-site amenities compared to larger competitors.

3) Casa Marina Key West

Target market: Families, corporate groups, and travelers seeking a blend of luxury and historic charm.

Classic beauty: The unique old architecture and history of the resort give it an allure for those who wish to stay true to a classic style that will NEVER go out of fashion!

Sprawling beachfront: The resort has a vast, secluded area of sandy shoreline that will undoubtedly please everyone looking to lounge on the sand or take part in any number of water sports.

The family, couple, and corporate-friendly: The resort will be front-line for families seeking an authentic desert getaway or a romantic retreat, but would also suit group breaks from the office.

Historical property: As an existing resort, it may experience more frequent maintenance and rehabs to retain its place with modern luxury resorts which could limit guest satisfaction.

Less personalized: As a larger resort catering to wide demographics, the personal touch at smaller boutique resorts will be lost.

Competition from newer resorts: Newer resorts with modern amenities and contemporary designs may appeal more to younger, design-conscious travelers.

SWOT analysis of  Tranquil Horizons Resort

Marketing plan

The strategy capitalizes on the resort's distinctive selling points, such as its exceptional beachfront position, premium facilities, customized guest services, and dedication to eco-friendliness.

Marketing objectives

• Increase brand awareness
• Drive direct bookings
• Improved guest engagement
• Target niche markets

Marketing strategies and tactics

Seo-optimized website.

Develop a visually stunning, user-friendly website that is fully optimized for search engines. The website will feature high-quality images, virtual tours, and detailed information about the resort’s offerings.

Content marketing

Create and regularly update a blog on the resort’s website with engaging content related to travel, wellness, romantic getaways, and family vacations.

Social media marketing

Utilize social media platforms, including Instagram, Facebook, Pinterest, and Twitter, to engage with potential guests and showcase the resort’s amenities, experiences, and stunning location.

Email marketing

Build and maintain an email list of potential and past guests to share personalized content, exclusive offers, and updates about the resort.

Paid digital advertising

Run targeted online ads using Google Ads and social media platforms to reach specific demographics and geographic locations.

Operations plan

The resort's operations are designed to provide a superior guest experience by delivering personalized service, maintaining facilities, and ensuring the safety and comfort of all guests.

Key operational areas

Front desk and guest services

Housekeeping and maintenance, food and beverage, spa and wellness, daily operations.

• Check-in and check-out: The front desk team manages guest arrivals and departures, ensuring a smooth check-in and check-out process.
• Concierge services: The concierge team assists guests with various requests, such as booking excursions, making dinner reservations, arranging transportation, and providing local information.
• Guest relations: The guest services team is responsible for addressing guest inquiries, resolving issues promptly, and ensuring overall guest satisfaction throughout their stay.
• Daily housekeeping

The housekeeping team is responsible for cleaning and maintaining guest rooms and common areas.

• Turn-down service

Housekeeping provides an evening turn-down service for guests, including tidying rooms, refreshing towels, and adding special touches such as chocolates or flowers.

• Maintenance

The maintenance team handles routine repairs, preventive maintenance, and emergency fixes to ensure all facilities, equipment, and guest accommodations are in top condition. This includes HVAC systems, plumbing, electrical systems, and landscaping.

• Restaurant operations

The food and beverage team manages the daily operations of the resort’s fine dining restaurant, casual cafe, and in-room dining services. This includes meal preparation, service delivery, inventory management, and quality control.

• Menu development and seasonal offerings

The Executive Chef oversees menu development, incorporating local ingredients and seasonal specialties to provide a diverse dining experience. The team also coordinates themed dining events and special promotions.

• Beverage service

The resort’s bar and lounge staff provide beverage services, including craft cocktails, fine wines, and specialty drinks, ensuring a memorable experience for guests.

• Spa treatments and services

The spa team offers a range of treatments, such as massages, facials, body wraps, and wellness programs. The Spa and Wellness Director ensures all services are delivered with a high level of expertise and professionalism.

• Wellness programs

The resort provides wellness programs, including yoga classes, meditation sessions, and fitness training, catering to guests seeking relaxation and well-being.

Staffing requirements

• Front desk agents and concierge staff
• Housekeeping and maintenance staff
• Food and beverage staff (Chefs, Servers, Bartenders)
• Spa therapists and wellness Instructors
• Recreation and activities coordinators
• Event planners and coordinators
• Administrative and support staff (Reservations, Accounting, HR)

Supplier and vendor management

The resort maintains relationships with a network of suppliers and vendors to ensure a consistent supply of high-quality goods and services. Key supplier categories include:

• Food and beverage suppliers: Local farms, seafood providers, and specialty food suppliers for fresh and sustainable ingredients.
• Spa and wellness suppliers: Luxury skincare brands and wellness product suppliers for spa treatments and retail sales.
• Maintenance and equipment suppliers: Vendors providing maintenance supplies, cleaning products, and recreational equipment.
• Event and decor suppliers: Florists, lighting companies, and audiovisual providers for weddings and events.

Management team

Tranquil Horizons Resort is established as a Limited Liability Company (LLC). The resort is privately owned by Rowan Callaway.

Key management team

Rowan Callaway (Owner/General Manager)

Oversees overall leadership and strategic vision, with extensive hospitality experience. Manages operations, finances, and long-term planning.

Seraphina Hale (Director of Operations)

Ensures smooth daily operations and high service standards, coordinating between departments and enhancing guest satisfaction.

Declan Hayes (Marketing Director)

Leads marketing efforts, focusing on brand development, digital strategies, and public relations to boost visibility and attract global clientele.

Isla Beaumont (Director of Guest Services)

Manages guest services including concierge and housekeeping, ensuring memorable stays and personalized service.

Everett Pierce (Executive Chef)

Oversees culinary operations, creating innovative menus and maintaining high food quality and presentation standards.

Zara Quinn (Spa and Wellness Director)

Manages the spa and wellness center, offering luxury treatments and ensuring a serene, rejuvenating experience.

Financial Plan for Tranquil Horizons Resort

• Cash flow statement

This provides the details of cash inflows and outflows from operating, investing, and financing activities over the first three years.

Profit and loss (P&L) statement

The P&L statement summarizes the resort's revenues, costs, and expenses during the first three years, providing an overview of the profitability.

Download the resort business plan template

Planning to launch your resort business? Our resort business plan template PDF  is designed to support you.

Created with the resort industry in mind, this template offers clear guidance and practical examples to help you develop a detailed and effective business plan.

We hope this sample business plan assists you in crafting a polished and professional plan for your resort business. If you're still unsure about what to include, consider using a business plan creator .

This tool simplifies the process, enabling you to develop a well-structured and effective business plan with ease. Just input some key details, and the AI will generate a comprehensive and compelling business plan for your resort in a jiffy.

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Frequently Asked Questions

Why is a business plan important for a resort?

A business plan is essential for a resort as it serves as a roadmap for the business's success. It helps you define your vision, set clear objectives, and outline strategies to attract guests, manage operations, and achieve financial stability. Furthermore, a well-structured business plan helps in securing funding and attracting investors.

What should be included in a resort business plan?

A resort business plan should include the following key sections:

• Executive summary: An overview of your resort concept, vision, and goals.
• Market analysis: An assessment of the target market, competition, and industry trends.
• Marketing and sales strategy: Plans to promote your resort and attract guests.
• Operations plan: Details on daily operations, staffing, and services offered.
• Financial plan: Projections for revenue, expenses, and profitability.
• Risk management: Identification of potential risks and mitigation strategies.

How do you get funding for your resort business?

Securing funding for a resort business typically involves a combination of personal savings, loans, and investments. You can approach banks for business loans, pitch to venture capitalists or angel investors, or explore crowdfunding platforms. A strong business plan that outlines your resort's potential profitability and growth prospects helps convince lenders and investors to support your venture.

What financial documents are essential in a resort business plan?

The financial section of your resort business plan should include:

• Income statement
• Balance sheet
• Break-even analysis

As the founder and CEO of Upmetrics, Vinay Kevadiya has over 12 years of experience in business planning. He provides valuable insights to help entrepreneurs build and manage successful business plans.

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Resort Business Plan Template

In today’s fast-paced world, the resort industry has emerged as a thriving sector, catering to the ever-growing demand for leisure and vacation experiences. Resorts offer a wide range of amenities and activities, providing guests with a luxurious and rejuvenating getaway from their daily routines. However, starting and running a successful resort requires careful planning and strategic decision-making.

This article aims to provide an insightful overview of a resort business plan, highlighting its significance in the competitive marketplace. Whether you’re an entrepreneur looking to launch a new resort or an existing resort owner seeking to enhance your operations, a well-developed business plan serves as a roadmap for success. By analyzing various aspects such as market trends, target demographics, marketing strategies, financial projections, and operational considerations, a comprehensive resort business plan sets the foundation for sustainable growth and profitability.

Executive Summary

The executive summary of a resort business plan serves as a concise snapshot of the entire plan, providing key stakeholders with a quick understanding of the business concept, objectives, and strategies. It outlines the core elements of the plan, including financial projections, marketing strategies, and operational goals. The executive summary serves as an important tool for investors, lenders, and potential partners who want to grasp the resort’s potential before delving into the detailed plan. It should showcase the resort’s unique selling proposition, market positioning, and the expected financial returns, capturing the attention and interest of potential stakeholders.

Business Description

The business description section of a resort business plan delves into the heart of the venture, providing a detailed overview of the resort’s vision, mission, and core values. It articulates the purpose of the resort, highlighting the experiences and benefits it aims to offer to its target market. This section also describes the resort’s target market and customer profile, presenting a clear understanding of the demographic, psychographic, and behavioral characteristics of the desired clientele.

Moreover, the business description outlines the resort’s unique selling proposition and competitive advantage. It identifies the factors that differentiate the resort from its competitors, such as its location, architectural design, amenities, service quality, or sustainability initiatives. This section also presents an overview of the resort’s facilities and amenities, showcasing the range of offerings that make it an attractive destination for travelers seeking relaxation, adventure, or entertainment.

Additionally, the business description highlights the legal structure and ownership details of the resort. It specifies whether the resort operates as a sole proprietorship, partnership, corporation, or any other legal entity, and provides relevant information regarding ownership distribution, board of directors, and key stakeholders.

By effectively conveying the resort’s vision, target market, unique value proposition, and legal structure, the business description sets the stage for the comprehensive analysis and strategies that follow in the rest of the business plan.

Market Analysis

The market analysis section of the resort business plan dives into a comprehensive evaluation of the resort industry and its dynamics. It provides a clear understanding of the current state of the market, including its size, growth trends, and key drivers. This analysis helps identify opportunities, challenges, and potential risks that the resort may face in the competitive landscape.

This section includes an in-depth analysis of the target market, considering demographics, psychographics, and behavioral patterns of the desired customer base. It outlines the specific characteristics of the target market, such as age, income level, geographic location, travel preferences, and interests. Additionally, it explores market segmentation and identifies niche markets that the resort can effectively cater to.

Furthermore, the market analysis evaluates the competitive landscape by identifying and analyzing key competitors. This includes assessing their strengths, weaknesses, market share, pricing strategies, and unique selling propositions. By understanding the competitive environment, the resort can identify areas of differentiation and develop strategies to gain a competitive edge.

Lastly, the market analysis section examines market trends, including emerging consumer preferences, technological advancements, and regulatory changes. By staying abreast of industry trends, the resort can adapt its offerings, marketing strategies, and operational practices to meet evolving customer demands.

Marketing and Sales Strategy

The marketing and sales strategy section outlines the resort’s approach to promoting its brand, attracting customers, and generating revenue. It defines the resort’s brand identity and positioning, highlighting the unique value proposition that sets it apart from competitors. This section also includes the resort’s marketing objectives and goals, ensuring alignment with the overall business objectives.

The marketing and sales strategy delineates the target market segments that the resort will focus on, along with the specific marketing channels and tactics to reach those segments. It includes a comprehensive marketing plan that outlines online and offline marketing activities, such as social media marketing, search engine optimization, content marketing, traditional advertising, public relations, and partnerships.

Additionally, the strategy addresses pricing strategies, taking into account market demand, competition, and the resort’s cost structure. It also encompasses revenue generation techniques, including upselling, cross-selling, package deals, and ancillary services.

Furthermore, the marketing and sales strategy defines customer relationship management practices and outlines strategies for customer retention, loyalty programs, and guest satisfaction measurement. It emphasizes the importance of providing exceptional customer service and experiences to foster positive word-of-mouth and repeat business.

Operations and Management

The operations and management section of the resort business plan outlines the organizational structure, key management personnel, and the operational processes necessary for smooth and efficient resort operations.

This section defines the roles and responsibilities of the management team, highlighting their relevant experience and expertise. It identifies the key decision-makers and their contributions to the overall success of the resort. It also outlines the staffing requirements and recruitment strategies for hiring skilled and competent employees across various departments.

Moreover, the operations and management section provides an overview of the resort’s operational processes, including front desk operations, housekeeping, maintenance, food and beverage services, and recreational activities. It emphasizes the importance of maintaining high-quality standards and efficient workflow to deliver exceptional guest experiences.

Additionally, this section addresses quality control measures, such as employee training programs, standard operating procedures, and regular performance evaluations. It also discusses the resort’s customer service policies, ensuring that the staff is well-equipped to handle guest inquiries, complaints, and feedback.

Furthermore, the operations and management section highlights the technology and systems necessary for efficient resort management. This includes property management systems, reservation systems, inventory management, and security systems.

By addressing the organizational structure, management team, operational processes, and technology infrastructure, this section ensures that the resort is well-prepared to deliver exceptional service and operational efficiency.

Financial Plan

The financial plan section of the resort business plan provides a comprehensive analysis of the financial aspects of the venture. It includes projections, budgets, and financial strategies that ensure the resort’s profitability and sustainability.

This section starts with an overview of the start-up costs and initial investment requirements. It outlines the expenses associated with land acquisition, construction or renovation, permits and licenses, equipment purchase, staffing, marketing, and other operational needs. Additionally, it includes details of any external financing sources, such as loans or investments, and their terms.

The financial plan also includes revenue forecasts and sales projections. It estimates the expected revenue based on anticipated occupancy rates, average daily rates, and other revenue streams, such as food and beverage, spa services, and recreational activities. It considers seasonal variations and market trends to develop a realistic revenue projection.

Moreover, the financial plan includes a break-even analysis, which determines the point at which the resort’s revenue covers all its costs and expenses. It helps in assessing the viability and sustainability of the business model.

Furthermore, the financial plan allocates budgets for various functional areas, such as marketing, operations, human resources, and maintenance. It ensures proper financial management by monitoring and controlling expenses and optimizing resource allocation.

Lastly, the financial plan addresses financing options and capital acquisition strategies. It explores possibilities for additional funding, refinancing, or strategic partnerships to support the resort’s growth and expansion plans.

Risk Analysis

The risk analysis section of the resort business plan identifies and evaluates potential risks and challenges that may impact the resort’s operations and profitability. By proactively assessing risks, the resort can develop effective strategies to mitigate or minimize their impact.

This section begins with a comprehensive risk assessment, considering both internal and external factors. Internal risks may include inadequate staff training, operational inefficiencies, or equipment breakdowns, while external risks can range from economic downturns and natural disasters to regulatory changes and reputational risks.

Each identified risk is analyzed for its potential impact on the resort’s operations and financial performance. A risk probability and impact matrix may be used to prioritize risks based on their likelihood and severity.

Once risks are identified and assessed, the risk analysis section outlines specific strategies and contingency plans to address each risk. It may include developing alternative suppliers, implementing disaster recovery plans, securing appropriate insurance coverage, or diversifying revenue streams.

Furthermore, the risk analysis section may discuss legal considerations and compliance requirements relevant to the resort’s operations. It ensures that the resort adheres to all applicable laws and regulations to mitigate legal risks and maintain a positive reputation.

Implementation Timeline

The implementation timeline section of the resort business plan outlines the key activities and milestones necessary to launch and scale the resort. It provides a roadmap for the phased approach to developing the resort and achieving specific objectives within defined timeframes.

This section begins with a high-level overview of the major stages of development, such as land acquisition, construction, interior design, staff recruitment, pre-opening marketing, and operational launch. It specifies the estimated duration for each stage.

Next, the implementation timeline breaks down each stage into specific tasks and activities. It assigns responsibilities, sets deadlines, and defines dependencies between activities. This ensures a well-structured and coordinated approach to the resort’s development.

Additionally, the implementation timeline may include milestones related to financial achievements, such as securing funding, reaching target occupancy rates, or achieving profitability. It provides a clear timeline for evaluating the progress and success of the resort’s operations.

The implementation timeline should also consider potential challenges or delays that may impact the project’s timeline. It allows for contingencies and adjustments to ensure a realistic and achievable plan.

By providing a detailed implementation timeline, the resort can effectively manage resources, monitor progress, and ensure timely completion of key activities, leading to a successful launch and operation of the resort.

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• Travel Guide
• Hotels & Accommodation

How To Start A Resort Business

Published: December 7, 2023

Modified: December 28, 2023

by Teddie Bumgarner

• Hotel Reviews
• Plan Your Trip

Introduction

Welcome to the world of resorts, where relaxation, luxury, and impeccable service come together to provide an unforgettable experience for guests. Whether you’re dreaming of starting your own resort business or you’re already in the midst of the journey, this comprehensive guide will equip you with the knowledge and strategies to make your endeavor a success.

A resort business is much more than just a place to stay – it’s a destination in itself. It offers a wide range of amenities and activities to cater to the needs and desires of its guests. From stunning accommodations and fine dining options to recreational facilities and spa services, resorts aim to create a haven where visitors can escape from the stresses of everyday life and indulge in a world of luxury.

However, the path to establishing a thriving resort business can be both exciting and challenging. It requires meticulous planning, market research, attention to detail, and a passion for providing exceptional hospitality. This guide will take you through the key aspects of starting and running a successful resort, from market research and location selection to staff training and financial management.

Within the hospitality industry, resorts occupy a unique position. They cater to a wide range of guests, including vacationers, business travelers, honeymooners, and event organizers. As such, it is crucial to understand your target market and tailor your resort’s offerings to meet their specific needs and preferences.

Throughout this guide, we will delve into various aspects of the resort business, such as resort design, staffing, marketing, customer service, sustainable practices, and financial management. By providing you with a comprehensive understanding of each of these areas, we aim to empower you to create a resort that not only stands out from the competition but also becomes a destination of choice for discerning travelers.

Additionally, keep in mind that a successful resort is not just about the physical infrastructure and amenities. It is about curating an exceptional guest experience at every touchpoint. From the moment a guest makes a reservation to their check-out, each interaction should leave a lasting impression. We will explore strategies to ensure outstanding customer service and meet guests’ expectations in every aspect of their stay.

Furthermore, as responsible members of the hospitality industry, it is important to consider sustainability and incorporate eco-friendly practices into resort operations. We will discuss ways to reduce the environmental impact of your resort while maintaining a luxurious and enjoyable experience for your guests.

Starting and running a resort business is undoubtedly an exciting and rewarding endeavor. It requires dedication, attention to detail, and a deep understanding of the hospitality industry. By following the guidance provided in this comprehensive guide, you will be well-equipped to navigate the challenges and create a resort that not only attracts guests but also earns their loyalty and becomes a memorable destination for years to come.

Market Research

Before embarking on your journey to start a resort business, it is crucial to conduct thorough market research. This step will provide you with valuable insights into the current market trends, competition, and the needs and preferences of your target audience.

Market research helps you understand the demand for resort facilities in your chosen location and identify any gaps or opportunities in the market. It will enable you to develop a solid business strategy and make informed decisions that will set your resort apart from the competition.

Begin by analyzing the current state of the hospitality industry in your desired location. Look at the tourist arrivals, occupancy rates, average daily rates (ADR), and revenue per available room (RevPAR) to gauge the market’s performance. This data will give you an indication of the demand for resorts and the overall profitability of the industry in the area.

Next, identify your target market. Determine the types of guests you want to attract to your resort and understand their preferences, demographics, and travel behaviors. Are you targeting families, couples, business travelers, or a specific niche market? Knowing your target audience will help you tailor your offerings to meet their specific needs and desires.

Another essential aspect of market research is studying your competition. Identify other resorts in your chosen location and analyze their offerings, pricing, target market, marketing strategies, and customer reviews. This will give you valuable insights into what works in the market and help you differentiate your resort by offering unique features and experiences.

To gather customer insights, conduct surveys or interviews with potential guests or engage in social listening on platforms like social media. Understanding customer preferences, expectations, and pain points will allow you to develop a resort experience that exceeds their expectations.

Keep an eye on emerging market trends. Stay updated with industry news, attend industry conferences and trade shows, and network with other hospitality professionals. This will enable you to anticipate changes in customer behavior and adapt your offerings accordingly.

Emphasize the factors that differentiate your resort from others in the market. Whether it’s the location, unique amenities, personalized services, or a focus on sustainability, make sure to highlight these unique selling points in your marketing efforts to attract your target audience.

Remember, market research is an ongoing process. As your resort progresses and the market evolves, continue to gather feedback from your guests and monitor industry trends. This will help you stay ahead and make necessary adjustments to ensure the success of your resort business.

Location Selection

Choosing the right location for your resort is one of the most critical decisions you will make. The location sets the foundation for the success of your business, as it plays a significant role in attracting guests and determining the overall experience they will have.

When selecting a location for your resort, consider several factors that can impact its appeal and profitability.

1. Accessibility: Choose a location that is easily accessible to your target market. Consider proximity to airports, major transportation hubs, and popular tourist attractions. Accessibility ensures convenience for your guests and increases the likelihood of attracting a larger customer base.

2. Natural Beauty: Select a location with natural beauty and attractive surroundings. Whether it’s a beachfront property, a mountain retreat, or a lush forest setting, the visual appeal of the surroundings enhances the overall experience for your guests.

3. Demographics: Understand the demographics of the area and ensure that it aligns with your target market. Consider factors such as income levels, age groups, and lifestyle preferences. A thorough understanding of the demographics will enable you to tailor your offerings to meet the needs of your potential guests.

4. Competitiveness: Assess the level of competition in the area. While having competing resorts nearby can validate the demand for such establishments, you must also identify gaps in the market that you can fill. Differentiating yourself from the competition will be crucial in attracting guests and establishing your brand identity.

5. Local Regulations and Infrastructure: Research local regulations and zoning laws to ensure that your resort can operate legally in the selected location. Additionally, analyze the existing infrastructure, including utilities, transportation, and availability of skilled labor, to assess the feasibility of establishing and running a resort in the area.

6. Future Development: Consider the potential for future development in the area. Assess whether there are any upcoming infrastructure projects, tourism initiatives, or real estate developments that could positively impact your resort’s business and increase its value over time.

7. Environmental Considerations: Ensure that the location aligns with your sustainability goals and eco-friendly practices. Choose a location that allows you to minimize the environmental impact of your resort and integrate sustainable initiatives seamlessly into your operations.

Once you have identified a potential location, visit the site in person. Explore the surroundings, assess the infrastructure, and get a feel for the area’s ambiance. This on-the-ground research will provide invaluable insights into the location’s suitability for your resort.

Remember, the location of your resort is not only a marketing advantage but also a key factor in the overall experience you offer. Choose wisely to create a unique and enchanting destination that will attract guests and leave a lasting impression.

Business Plan

A well-crafted business plan is essential for the success of your resort venture. It outlines your vision, mission, and strategies while providing a roadmap for achieving your goals. A comprehensive business plan will also be helpful when seeking funding and attracting investors.

Here are the key components to include in your resort business plan:

1. Executive Summary: Begin with an overview of your resort concept, highlighting its unique features and target market. Summarize your key objectives and strategies in a concise and compelling manner.

2. Company Description: Provide detailed information about your resort, including its legal structure, ownership, and management team. Highlight the expertise and experience of key personnel and explain how their skills will contribute to the success of the resort.

3. Market Analysis: Conduct a thorough analysis of the target market, including trends, demographics, and customer preferences. Identify your primary competitors and conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats) to understand your resort’s positioning in the market.

4. Services and Amenities: Describe the range of services and amenities your resort will offer. Highlight any unique features that differentiate your resort from competitors, such as specialty restaurants, recreational activities, spa services, or eco-friendly initiatives. Clearly define your value proposition and explain how it will appeal to your target market.

5. Marketing and Sales Strategy: Outline your marketing and promotional strategies to attract guests to your resort. Include details on your brand positioning, pricing strategy, advertising campaigns, and online presence. Identify the key distribution channels you will utilize, such as online travel agencies, direct bookings, or partnerships with travel agents.

6. Operations and Management: Explain how your resort will be organized and managed on a day-to-day basis. Detail the staffing structure, employee training programs, and operational procedures that will ensure smooth operations and exceptional guest experiences. Include information on facilities management, housekeeping, and guest services.

7. Financial Projections: Provide financial forecasts and projections for your resort business. This should include estimates for start-up costs, revenue projections, operating expenses, and profitability. Prepare cash flow statements, balance sheets, and income statements to demonstrate the financial viability of your resort. Additionally, consider including a break-even analysis and potential return on investment for potential investors.

8. Risk Assessment: Identify potential risks and challenges that could impact the success of your resort. Develop a risk mitigation plan and outline strategies to address potential issues, such as natural disasters, economic downturns, or changes in regulations.

9. Implementation Plan: Provide a timeline and action plan for launching and operating your resort. Break down the key milestones, such as site selection, construction, staffing, and marketing campaigns, to ensure a smooth and successful opening.

Remember, your business plan is not a static document. It should be regularly reviewed and updated as your resort progresses and market conditions change. A well-crafted business plan will serve as a valuable tool to guide you in decision-making, secure funding, and communicate your vision to stakeholders.

Funding and Financing

Securing adequate funding and financing is a crucial step in starting and growing your resort business. The costs associated with establishing a resort can be substantial, and having access to the necessary capital is essential to cover expenses such as land acquisition, construction, equipment procurement, and staffing.

Here are some key considerations for funding and financing your resort:

1. Personal Savings and Equity: Utilize your personal savings or equity to contribute to the initial capital required for your resort. This demonstrates your commitment to the business and increases your credibility when seeking additional funding.

2. Bank Loans and Small Business Administration (SBA) Loans: Approach banks or financial institutions to explore loan options specifically designed for small businesses, such as SBA loans. These loans typically offer favorable terms and lower interest rates compared to traditional commercial loans.

3. Investors and Partnerships: Seek out potential investors or partners who are willing to provide financial support in exchange for a share of ownership or profit. This could include family and friends, angel investors, or venture capital firms. Ensure that you have a well-prepared business plan and financial projections to present to potential investors.

4. Crowdfunding: Consider utilizing crowdfunding platforms to raise capital for your resort. Crowdfunding allows you to reach a larger pool of potential investors who are interested in supporting innovative business ideas. Develop a compelling campaign and offer enticing rewards to attract backers.

5. Government Grants and Incentives: Research government grants and incentives that are available to support resort development or promote tourism in your region. These grants can provide financial assistance or tax incentives to reduce your overall costs.

6. Vendor Financing: Some vendors may offer financing options for purchasing equipment or supplies. Explore terms and conditions with vendors to negotiate favorable payment plans that align with your cash flow projections.

7. Lease or Rental Agreements: Consider leasing or renting the resort property instead of purchasing it outright. This can help reduce upfront costs and allow you to allocate funds towards other critical areas of the business. Negotiate favorable lease terms and ensure you have a solid long-term agreement in place.

8. Fundraising Events and Sponsorships: Organize fundraising events or seek sponsorships from local businesses to generate additional funds for your resort. Host gala events, auctions, or contests that not only raise capital but also create awareness about your resort.

Remember, it is crucial to have a clear financial plan that includes detailed cost estimates, revenue projections, and repayment strategies. This will instill confidence in potential lenders and investors and increase your chances of securing funding. Consult with financial advisors or professionals with experience in the hospitality industry to ensure you navigate the financing process successfully.

Licensing and Permits

Obtaining the necessary licenses and permits is a critical step in operating a legal and compliant resort business. Each jurisdiction may have specific requirements, so it is essential to research and understand the licensing and permit regulations in your desired location.

Here are some key licenses and permits that you may need to obtain:

1. Business License: Register your resort as a legal entity and obtain a business license from the appropriate government agency. This license validates your resort’s legitimacy and ensures that you comply with local laws and regulations.

2. Zoning and Land Use Permits: Ensure that your resort is situated on a property that is zoned for resort or commercial use. Obtain the necessary zoning and land use permits to demonstrate compliance with local planning and development regulations.

3. Building Permits: If you are constructing a new resort or making significant renovations to an existing property, you will need to obtain building permits. These permits ensure that your resort’s facility meets safety, structural, and environmental standards.

4. Health and Safety Permits: Your resort must meet health and safety regulations to ensure the well-being of your guests and staff. Obtain permits related to food handling, swimming pool operations, fire safety, and any other relevant health and safety concerns.

5. Alcohol and Liquor License: If you plan to serve alcoholic beverages at your resort, you will need to obtain an alcohol or liquor license. Requirements for these permits vary depending on local laws and may involve background checks, training, and compliance with specific regulations.

6. Environmental Permits: If your resort is situated in an environmentally sensitive area or utilizes natural resources (such as beach access or forestry), you may need to obtain specific environmental permits. Ensure compliance with environmental regulations to minimize the impact of your operations on the ecosystem.

7. Events and Entertainment Licenses: If you plan to host events, concerts, or live entertainment at your resort, you may need additional permits or licenses. These permits often involve inspections, security measures, and adherence to noise regulations.

8. Business Tax Registration: Register your resort for business taxes at the local, state, and federal levels. Ensure compliance with tax regulations, including sales tax, payroll taxes, and any other applicable tax requirements.

To obtain the necessary licenses and permits, familiarize yourself with the specific requirements of your target location. Research local government websites, consult with legal professionals, or engage a licensing service to navigate the process effectively.

Keep in mind that licensing and permit requirements may evolve over time. Stay informed about any updates or changes to ensure ongoing compliance with regulations. Failure to obtain the required licenses and permits can result in legal and financial consequences.

By obtaining the necessary licenses and permits, you can operate your resort with confidence, knowing that you are meeting all legal requirements and delivering a safe and enjoyable experience for your guests.

Resort Design and Construction

The design and construction of your resort play a vital role in creating a unique and appealing experience for your guests. It is important to carefully plan and execute the design and construction process to ensure that your resort reflects your vision and meets the needs and expectations of your target market.

Here are some key considerations for resort design and construction:

1. Concept and Theme: Define the concept and theme of your resort. Consider factors such as the local culture, natural surroundings, and target market preferences. Whether you opt for a contemporary, traditional, or thematic approach, ensure that your design concept aligns with your brand identity and target audience.

2. Architectural Design: Engage an experienced and reputable architect to design your resort. Collaborate closely with the architect to translate your vision into a functional and aesthetically pleasing design. Think about the layout, room configurations, common areas, landscaping, and integration of sustainable features.

3. Interior Design: Pay attention to the interior design of your resort, as it plays a significant role in creating a memorable guest experience. Consider factors such as color schemes, furnishings, lighting, and artwork. The design should reflect the overall theme, convey comfort and luxury, and create a welcoming ambiance for your guests.

4. Sustainability and Energy Efficiency: Incorporate sustainable design principles into your resort’s construction. Use eco-friendly materials, implement energy-efficient systems, and incorporate renewable energy sources if possible. Design your resort to minimize its environmental impact and promote a more sustainable future.

5. Construction Management: Hire a competent construction management team to oversee the construction process. Ensure that the project is completed on time, within budget, and according to the approved design plans. Regularly communicate with the construction team and conduct site visits to monitor progress and address any issues that may arise.

6. Quality Control: Implement a robust quality control process to ensure that construction and design standards are met. Conduct regular inspections and tests to address any deficiencies promptly. Pay attention to details such as finishes, fixtures, and equipment to guarantee a high standard of craftsmanship and durability.

7. Safety and Accessibility: Prioritize safety and accessibility when designing and constructing your resort. Ensure compliance with building codes and regulations, especially in areas such as fire safety, emergency exits, and accessibility for guests with disabilities. Provide adequate lighting, non-slip surfaces, and clear signage to enhance safety for guests and staff.

8. Landscaping and Outdoor Spaces: Create attractive outdoor spaces that enhance the overall guest experience. Invest in well-maintained landscaping, gardens, and outdoor recreational facilities. Design outdoor seating areas, pools, walking paths, and other amenities to provide guests with opportunities to relax and connect with nature.

9. Technology and Connectivity: Consider incorporating modern technology and connectivity features into your resort’s design. Provide high-speed internet access, smart room controls, and interactive guest services. Embrace technology to streamline operations, enhance customer service, and stay competitive in the digital age.

Remember, resort design and construction is a complex and multi-faceted process that requires careful planning, coordination, and attention to detail. Engaging professionals experienced in resort design and construction can help you bring your vision to life and create a stunning resort that leaves a lasting impression on your guests.

Staffing and Training

The success of your resort relies heavily on the skills and dedication of your staff. Building a competent and service-oriented team is crucial for delivering exceptional guest experiences and maintaining a positive reputation. Proper staffing and ongoing training ensure that your staff members are equipped with the necessary skills to meet and exceed guest expectations.

Here are some key considerations for staffing and training your resort:

1. Identifying Staffing Needs: Determine the staffing requirements based on the size, scale, and services offered by your resort. Identify the various departments and roles such as front desk, housekeeping, food and beverage, spa, maintenance, and security. Assess the required staff-to-guest ratio to ensure adequate service.

2. Recruiting and Hiring: Develop a comprehensive recruitment strategy to attract qualified candidates. Advertise job openings on relevant platforms, network within the hospitality industry, and consider partnering with local educational institutions. Conduct thorough interviews and background checks, and select individuals who align with your resort’s values and service standards.

3. Training and Orientation: Provide a thorough orientation program to familiarize new employees with the resort’s policies, procedures, and expectations. Ensure that they understand guest service standards, safety protocols, and their specific job responsibilities. Consider assigning mentors or buddies to guide and support new employees during their onboarding process.

4. Ongoing Training and Development: Invest in continuous training and development programs for your staff. This ensures they stay updated on the latest industry trends, customer service techniques, and technology advancements. Offer workshops, seminars, and online courses to enhance skills and encourage professional growth.

5. Communication and Team Building: Foster a positive work environment through open and effective communication channels. Encourage regular team meetings, scheduled feedback sessions, and an open-door policy for staff to voice suggestions or concerns. Organize team building activities and events to promote camaraderie, teamwork, and a strong sense of shared goals.

6. Empowerment and Recognition: Empower your staff by delegating responsibilities and allowing them to make decisions within their roles. Recognize and reward outstanding performance to motivate and reinforce positive behaviors. Establish employee recognition programs and celebrate achievements to boost morale and loyalty.

7. Cross-Training and Rotation: Offer opportunities for cross-training and staff rotation across different departments. This not only enhances their skill set but also fosters a broader understanding of the resort’s operations. This flexibility can also help address staffing gaps and provide employees with a well-rounded experience.

8. Employee Benefits and Wellness: Provide competitive compensation packages, including benefits such as health insurance, retirement plans, and vacation time. Prioritize employee wellness by offering access to fitness facilities, wellness programs, and regular health check-ups. A happy and healthy workforce contributes to better guest satisfaction.

9. Guest Feedback and Service Recovery: Encourage staff to solicit guest feedback and actively participate in service recovery processes. Train them to handle guest complaints professionally and resolve issues promptly and efficiently. Learning from guest feedback can help your staff continuously improve and refine their service delivery skills.

Effective staffing and training go hand in hand to create a skilled and motivated team that delivers exceptional guest experiences. By investing in your employees’ development, you not only enhance service quality but also foster a positive work culture that sets your resort apart from the competition.

Marketing and Advertising

Marketing and advertising are essential components of promoting and showcasing your resort to potential guests. An effective marketing strategy will help you attract the right target audience and differentiate your resort from the competition. By investing in strategic marketing and advertising initiatives, you can maximize your resort’s visibility and drive bookings.

Here are key considerations for your resort’s marketing and advertising efforts:

1. Branding and Positioning: Develop a strong and memorable brand identity for your resort that resonates with your target market. Consider your resort’s unique selling points, values, and desired perception. Craft consistent messaging and visuals to communicate your brand image effectively.

2. Website and Online Presence: Create a visually appealing and user-friendly website that showcases your resort’s features, amenities, and booking options. Optimize your website for search engines to improve organic visibility. Utilize professional photography, engaging videos, and virtual tours to give potential guests a glimpse into the resort experience.

3. Search Engine Optimization (SEO): Implement SEO best practices to improve your resort’s search engine rankings. Keyword research, meta tags, proper site structure, and relevant content will help boost your website’s visibility in search engine results, driving organic traffic and potential bookings.

4. Online Travel Agencies (OTAs) and Booking Platforms: Partner with OTAs and booking platforms to expand your reach and access a broader audience. Ensure that your resort’s listing is comprehensive, accurate, and optimized to attract potential guests. Offer competitive rates, exclusive packages, and attractive promotions to encourage direct bookings.

5. Email Marketing: Develop a targeted email marketing strategy to engage with past and potential guests. Build a subscriber list and regularly send out newsletters or personalized emails to stay top of mind. Share updates, special offers, and relevant content that appeals to your audience’s interests.

6. Social Media: Leverage social media platforms to connect with your audience, showcase your resort’s unique experiences, and engage with followers. Maintain an active presence on platforms like Facebook, Instagram, Twitter, and LinkedIn. Use compelling visuals, user-generated content, and influencer partnerships to build brand awareness and foster a community of loyal followers.

7. Content Marketing: Create informative and engaging content that showcases the value and benefits of staying at your resort. Utilize blogs, articles, videos, and social media posts to provide valuable information, inspire travel, and establish your resort’s expertise in the industry. Incorporate relevant keywords and shareable content to amplify reach and drive organic traffic.

8. Influencer and PR Collaborations: Collaborate with influencers, bloggers, and travel journalists to create buzz and generate exposure for your resort. Host media familiarization trips and offer complimentary stays to influencers and journalists in exchange for honest reviews and coverage. This can help increase brand visibility and reach a wider audience.

9. Events and Promotions: Organize events, promotions, and packages to attract guests during off-peak seasons, holidays, or special occasions. Create enticing offers, such as discounted rates, complimentary upgrades, spa packages, or exclusive dining experiences. Promote these offerings through various channels to capture attention and drive bookings.

10. Guest Reviews and Reputation Management: Encourage guests to leave positive reviews on review platforms like TripAdvisor, Google, and online travel agencies. Monitor and respond to reviews, both positive and negative, to demonstrate your commitment to guest satisfaction. Implement a comprehensive reputation management strategy to maintain a positive online presence.

By implementing a well-rounded marketing and advertising strategy, you can raise awareness of your resort, attract your target audience, and ultimately drive bookings. Regularly assess and adjust your marketing efforts based on data and feedback to optimize results and stay ahead in the competitive landscape.

Operations and Quality Control

Efficient operations and stringent quality control measures are vital for the smooth functioning of your resort and ensuring exceptional guest experiences. Proper operational management and a focus on quality control will help you deliver consistent service, maximize guest satisfaction, and maintain a positive reputation.

Here are key considerations for operations and quality control in your resort:

1. Standard Operating Procedures (SOPs): Develop comprehensive SOPs for all departments and functions within your resort. Clearly document procedures and expectations to ensure consistency in service delivery. SOPs should cover everything from check-in and check-out processes to cleaning protocols, F&B service, and emergency procedures.

2. Guest Service Training: Conduct regular training sessions to equip your staff with the necessary guest service skills. Focus on interpersonal communication, problem-solving, conflict resolution, and personalized guest interactions. Encourage a service-oriented mindset and empower employees to go above and beyond to meet guest needs.

3. Operational Efficiency: Optimize operational processes to enhance efficiency and minimize guest wait times or inconveniences. Streamline check-in and check-out procedures, housekeeping tasks, dining room operations, and other essential functions. Utilize technology solutions such as property management systems, mobile apps, and automated processes to simplify operations.

4. Communication Channels: Establish clear and efficient communication channels within your resort. Ensure seamless communication between different departments, shifts, and levels of management. Invest in technology tools such as digital radios, messaging platforms, and workplace collaboration software to facilitate smooth communication.

5. Facilities Maintenance: Implement a proactive approach to facilities maintenance to ensure that all areas of your resort are well-maintained and in good working order. Conduct regular inspections, address maintenance issues promptly, and invest in preventive maintenance practices to avoid any disruptions to guest experiences.

6. Safety and Security: Prioritize guest and employee safety by implementing robust safety and security measures. Install proper surveillance systems, secure access control systems, fire safety protocols, and emergency response plans. Train employees on safety procedures, maintain up-to-date certifications, and perform regular drills for handling emergencies.

7. Performance Monitoring: Implement systems to monitor the performance of your employees and operations. Set key performance indicators (KPIs), conduct regular performance evaluations, and provide feedback and recognition. Monitor guest satisfaction through surveys, reviews, and feedback to identify areas for improvement.

8. Feedback and Complaint Handling: Establish channels for guests to provide feedback and handle complaints effectively. Encourage guests to share their experiences and actively seek feedback. Develop a process to address guest concerns promptly, resolve issues, and learn from guest feedback to continually enhance your resort’s operations.

9. Continuous Improvement: Foster a culture of continuous improvement in your resort. Regularly review operations, gather feedback from guests and employees, and identify areas for enhancement. Monitor industry trends and innovation to stay ahead and proactively adapt to changing guest preferences and expectations.

By implementing efficient operations and maintaining strict quality control measures, you can consistently deliver exceptional guest experiences. Optimal operations and a focus on quality will help you build guest loyalty, positive word-of-mouth, and a strong reputation in the highly competitive hospitality industry.

Customer Service and Guest Experience

Customer service and guest experience are at the heart of the resort industry. Providing exceptional service and creating memorable experiences for guests should be a top priority in your resort’s operations. By going above and beyond to meet and exceed guest expectations, you can foster guest loyalty, generate positive reviews, and establish a strong reputation.

Here are key considerations for delivering outstanding customer service and creating exceptional guest experiences:

1. Service-oriented Culture: Foster a service-oriented culture throughout your resort. Ensure that all employees understand the importance of providing exceptional service and have a genuine desire to exceed guest expectations. Empower and encourage staff to anticipate guest needs, display empathy, and provide personalized experiences.

2. Personalization: Strive to personalize the guest experience as much as possible. Collect and utilize guest data to anticipate preferences and tailor services accordingly. Address guests by their names, offer personalized recommendations, and remember their preferences to create a warm and welcoming atmosphere.

3. Warm and Friendly Interactions: Train your staff to deliver warm and friendly interactions with guests. Encourage employees to greet guests with a smile, offer assistance proactively, and engage in genuine conversations. Demonstrating genuine care and interest in guests’ well-being builds trust and makes them feel valued.

4. Prompt and Efficient Service: Emphasize the importance of prompt and efficient service. Minimize wait times, respond promptly to guest requests, and ensure smooth processes for check-in, check-out, and other guest interactions. Train employees to handle service requests efficiently and professionally.

5. Problem Resolution: Develop procedures for effectively handling guest complaints and resolving issues. Train employees on effective problem-solving techniques and empower them to resolve issues promptly. Encourage a proactive approach to addressing guest concerns to ensure their satisfaction and prevent negative experiences.

6. Consistency: Strive for consistency in service delivery throughout various departments and across different shifts. Ensure that service standards are consistently upheld by all employees. Regularly assess and monitor staff performance and address any gaps through training and feedback.

7. Anticipate Guest Needs: Train your staff to anticipate guest needs and exceed expectations. Encourage them to be proactive in identifying opportunities to enhance the guest experience. From offering personalized recommendations to providing thoughtful gestures, going the extra mile creates memorable moments for your guests.

8. Continuous Training and Development: Invest in ongoing training and development programs for your staff. Provide them with the necessary skills, knowledge, and tools to deliver exceptional service. Focus on areas such as communication skills, empathy, problem-solving, and conflict resolution to ensure that your staff is well-equipped to handle any situation.

9. Regular Guest Feedback: Encourage guests to provide feedback on their experiences. Utilize guest surveys, comment cards, and online review platforms to gather feedback and assess satisfaction levels. Actively listen to feedback, address concerns promptly, and use the feedback to continuously improve and refine your resort’s operations.

10. Surprise and Delight: Look for opportunities to surprise and delight your guests. Consider thoughtful gestures such as welcome amenities, special treats, complimentary upgrades, or personalized notes. These unexpected touches leave a positive, lasting impression on guests and contribute to a truly memorable experience.

By prioritizing exceptional customer service and creating unforgettable guest experiences, you can differentiate your resort from competitors and build a loyal customer base. A reputation for outstanding service will attract repeat guests and generate positive word-of-mouth, further enhancing the success of your resort.

Sustainability and Eco-friendly Practices

In today’s world, sustainability is more important than ever. Adopting eco-friendly practices in your resort not only demonstrates your commitment to environmental responsibility but also appeals to an increasingly conscious and environmentally-aware guest base. By implementing sustainable initiatives, you can reduce your resort’s ecological footprint, attract eco-conscious travelers, and contribute to a more sustainable future.

Here are some key considerations for integrating sustainability and eco-friendly practices into your resort:

1. Energy Efficiency: Implement energy-saving measures throughout your resort. Upgrade to energy-efficient lighting systems, utilize smart thermostats, and invest in energy management systems. Encourage staff and guests to practice energy conservation by turning off lights and electronics when not in use.

2. Water Conservation: Implement water-saving measures to reduce water consumption. Install low-flow toilets, showerheads, and faucets, and use water-efficient landscaping techniques. Encourage guests to participate in towel and linen reuse programs to minimize unnecessary laundering.

3. Waste Management: Establish proper waste management systems, including recycling and waste separation programs. Educate staff and guests about proper waste disposal practices and provide clearly labeled recycling bins throughout the resort. Consider composting organic waste and reducing single-use plastics.

4. Local Sourcing: Support the local economy and reduce carbon footprint by sourcing products and services locally. Purchase local produce, engage in partnerships with local suppliers, artisans, and craftsmen, and offer authentic local experiences to your guests. This not only supports the local community but also reduces transportation-related emissions.

5. Sustainable Building Materials: Utilize sustainable building materials when constructing or renovating your resort. Opt for locally sourced, recycled, and renewable materials wherever possible. Incorporate green building practices such as using materials with low environmental impact and promoting efficient resource use.

6. Wildlife and Natural Habitat Protection: Respect and protect the local wildlife and natural habitats surrounding your resort. Educate staff and guests about ecologically sensitive areas, endangered species, and responsible wildlife viewing. Implement policies to prevent disturbance to wildlife and promote conservation efforts.

7. Environmental Education and Awareness: Educate staff, guests, and the local community about your resort’s sustainability initiatives. Conduct awareness campaigns, provide educational materials, and host workshops or seminars. Encourage guests to embrace eco-friendly practices during their stay and educate them on the importance of environmental conservation.

8. Green Certifications and Initiatives: Seek third-party certifications and participate in industry-led green initiatives. Certifications such as LEED (Leadership in Energy and Environmental Design) or Green Globe validate your commitment to sustainability and provide credibility to eco-conscious travelers. Partner with recognized eco-certifications and associations to showcase your resort’s commitment to sustainable practices.

9. Collaboration with Local Community: Engage with the local community and collaborate on sustainable initiatives. Support local conservation efforts, participate in community projects, and involve local organizations in your sustainability initiatives. This fosters positive relationships, creates a sense of shared responsibility, and contributes to the overall well-being of the community.

Remember, sustainability is an ongoing journey. Continually evaluate and improve your eco-friendly practices, set measurable goals, and track your progress. By prioritizing sustainability in your resort, you not only contribute to a more sustainable future but also attract environmentally-conscious guests who appreciate and support your efforts.

Risk Management and Security

Ensuring the safety and security of your guests, staff, and property is paramount in running a successful resort business. Implementing effective risk management and security measures not only protects your stakeholders but also fosters a sense of trust and peace of mind among your guests. By identifying potential risks and taking proactive steps to mitigate them, you can create a safe and secure environment for everyone.

Here are key considerations for implementing risk management and security measures in your resort:

1. Risk Assessment: Conduct a thorough risk assessment of your resort’s premises and operations. Identify potential risks, such as natural disasters, fire hazards, accidents, theft, or cybersecurity threats. Prioritize risks based on their severity and likelihood of occurrence.

2. Emergency Response Plan: Develop a comprehensive emergency response plan that covers various scenarios and outlines the necessary actions to be taken. This plan should include evacuation procedures, emergency contacts, communication protocols, and designated assembly areas. Regularly train and drill your staff on emergency response procedures to ensure preparedness.

3. Security Personnel: Employ well-trained security personnel who are equipped to handle security threats and ensure the safety of guests and staff. They should have a good understanding of the resort’s protocols, be able to handle emergency situations, and provide a visible presence to deter potential threats. Conduct thorough background checks and provide ongoing training to your security team.

4. Access Control: Implement access control measures to secure the resort’s facilities and areas that require restricted access. Utilize key cards, biometric access systems, or security personnel to control entry to guest rooms, back-of-house areas, and other sensitive locations.

5. Surveillance Systems: Install a comprehensive surveillance system to monitor and record activities throughout the resort. Place cameras strategically in public areas, entrances, parking lots, and other locations to deter criminal activities and provide evidence in case of incidents.

6. IT and Data Security: Safeguard your resort’s data and IT systems against cyber threats. Implement secure networks, firewalls, encryption, and regular data backups. Train staff to recognize and report potential cybersecurity risks, such as phishing attempts or suspicious activities.

7. Staff Training and Awareness: Train your staff on safety and security procedures, including identifying suspicious activities, reporting incidents, and maintaining vigilance. Foster a culture of awareness and personal responsibility among employees to enhance overall security within the resort.

8. Insurance Coverage: Obtain comprehensive insurance coverage that protects your resort against potential risks, including property damage, liability, and accidents. Regularly review and update your insurance policies to align with your evolving business operations and changing risk landscape.

9. Guest Safety Communications: Clearly communicate safety and security measures to your guests. Provide information through signage, in-room guest directories, and digital platforms. Ensure guests are aware of evacuation routes, emergency contact information, and any specific safety instructions.

10. Ongoing Evaluation and Improvement: Regularly review and assess your resort’s risk management and security measures. Stay updated with industry best practices, emerging security technologies, and changing risk profiles. Address any identified gaps or weaknesses promptly to continuously improve your security posture.

By implementing effective risk management and security measures, you can create a safe and secure environment for your guests and staff. Prioritize the well-being of your stakeholders, and ensure any potential risks are identified, managed, and addressed swiftly. A robust risk management and security framework will contribute to a positive guest experience and safeguard your resort’s reputation.

Financial Management and Profitability

Effective financial management is essential for the long-term success and profitability of your resort business. By efficiently managing your finances, you can maximize revenue, control costs, and make informed decisions that drive the financial health of your resort.

Here are key considerations for financial management and maximizing profitability in your resort:

1. Budgeting and Forecasting: Develop a comprehensive budget that aligns with your resort’s goals and objectives. Consider all revenue and expense categories, including operational costs, marketing expenses, staff wages, utilities, and maintenance. Regularly review and update your budget, and prepare accurate financial forecasts to track progress and make informed decisions.

2. Revenue Management: Implement effective revenue management strategies to optimize room rates and increase overall revenue. Conduct market research, monitor demand patterns, and adjust pricing strategies accordingly. Utilize revenue management software or tools to analyze data and make data-driven decisions to maximize profitability.

3. Cost Control: Identify and control costs to improve profitability. Regularly review expenses, negotiate better terms with suppliers, and explore opportunities to streamline operations. Implement efficient inventory management practices to minimize waste and optimize purchasing decisions.

4. Cash Flow Management: Maintain a strong cash flow to ensure the smooth running of your resort. Monitor cash inflows and outflows, manage accounts receivable and payable, and implement effective cash flow forecasting. Maintain a balance between ensuring sufficient liquidity and investing excess funds for future growth.

5. Financial Analysis and Reporting: Regularly analyze financial performance and generate accurate financial reports. This includes income statements, balance sheets, and cash flow statements. Conduct variance analysis to identify trends, areas of improvement, and potential cost-saving opportunities.

6. Profitability Analysis: Analyze profitability by segment, department, or revenue source. This will enable you to identify the most profitable areas of your resort and allocate resources accordingly. Evaluate the return on investment (ROI) for marketing initiatives, capital projects, and other investments to ensure optimal allocation of funds.

7. Capital Expenditure Planning: Develop a strategic plan for capital expenditures and prioritize investment decisions. Regularly assess equipment, technology, and property upgrades to enhance guest experiences and operational efficiency. Evaluate the potential return on investment and consider long-term benefits before committing to significant capital expenditures.

8. Tax Planning and Compliance: Stay informed about tax regulations and obligations applicable to your resort. Seek professional guidance to ensure compliance and maximize available tax incentives or deductions. Develop a tax planning strategy to minimize tax liabilities while staying compliant with relevant laws and regulations.

9. Financial Controls and Risk Management: Implement internal control measures to safeguard your resort’s financial assets. Establish protocols for financial transactions, employee authorization levels, and regular audits. Mitigate financial risks by diversifying revenue streams, maintaining adequate insurance coverage, and implementing robust fraud prevention measures.

10. Professional Financial Guidance: Consider consulting with financial professionals with experience in the hospitality industry. Seek guidance from accountants, financial advisors, or industry specialists who can provide insights, assist with financial analysis, and offer strategic advice to optimize your resort’s financial management.

Effectively managing your resort’s finances is critical for its long-term success. By implementing sound financial practices, analyzing performance, and making informed decisions, you can drive profitability, ensure sustainability, and secure the future growth of your resort business.

Starting and running a resort business requires careful planning, attention to detail, and a commitment to excellence. Throughout this comprehensive guide, we have explored various aspects of establishing and managing a successful resort, from market research and location selection to customer service and financial management.

Market research is crucial for understanding your target market, identifying trends, and determining your unique selling points. Careful location selection sets the foundation for attracting guests and creating memorable experiences. Developing a solid business plan and securing funding are essential for turning your vision into reality.

Once your resort is operational, staffing and training play a critical role in delivering exceptional service and creating unparalleled guest experiences. Marketing and advertising strategies help promote your resort and reach the right audience, while sustainability and eco-friendly practices demonstrate your commitment to the environment and attract environmentally-conscious travelers.

Operations, quality control, and risk management ensure smooth operations, protect your guests and staff, and uphold your resort’s reputation. Effective financial management and a focus on profitability help optimize revenue, control costs, and secure the financial health of your resort.

By incorporating the insights and strategies outlined in this guide, you will be equipped to navigate the intricate world of resort business with confidence. However, it’s important to remember that the hospitality industry is dynamic, and staying agile, adaptable, and always focused on the needs of your guests is key to ongoing success.

Starting and managing a resort business is undoubtedly challenging, but with careful planning, attention to detail, and dedication to providing exceptional hospitality, you can create a resort that sets itself apart, delivers unforgettable experiences, and becomes a sought-after destination for travelers from all around the world.

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Beach Resort Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business Plans » Tourism & Hospitality

Are you about starting a beach resort? If YES, here is a complete sample beach resort business plan template & feasibility report you can use for FREE .

A beach resort is not a new business in the hospitality industry; it has long been in existence but only just recently like several decades back revolved into a better package than before. It is usually a place of fun and relaxation for locals and tourists who want to be close to the beach, while still enjoying the amenities of a resort.

A beach resort is like other resorts but is usually situated close to the beach, and is a place for fun lovers and those seeking a retreat of sorts.

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A Sample Beach Resort Business Plan Template

1. industry overview.

The social media has been a big driver of the beach resort trend because platforms such as Instagram has taken presentation to a whole new level as potential customers want to see something exciting and unique before they can be tempted to part with their money.

The hospitality industry which consists of hotels and resorts has experienced a strong growth from 2010 to 2015. The growth has been due to increased travel globally due to a boom in international tourism. The next five years (2011 to 2016) will see this industry continue to boom, as the economy grows and allows more consumers to have more funds in which they will use for vacationing and beach resort trips.

The industry is seen as an $864 billion with a projected annual growth of 4.3% that has employed over 700,000 businesses that have employed over 4 million people.

Globally however, Europe and the Asia Pacific has continued to lead in the beach resorts business due to a large number of beaches in these continents, while the Middle East and Africa has led in the area of having expensive rates. The consumer group for beach resorts is rising and will continue to do so in 2017 as more people will use their mobile devices as well as apps to check out beach resorts and make their reservations or cancel them.

Resorts are now competing with hotels in terms of allowing customers have seminars, conferences, conventions and symposiums. This has opened up more of the target market for the resort business allowing them tap into areas that were majorly for hotels.

Also, beach resorts have received a boost from couples who prefer the privacy and simplicity to that of hotels. This is also another target market that has been opened up for the resort business.

2. Executive Summary

Scapy Beach Resort is a standard resort in Nevada – Las Vegas that was established to cater to the locals as well as visitors and tourists and also to make profit as well. We will offer our customers the ultimate place for them to have fun and relax. We also have rooms for rent for those that intend to stay over for a little while.

Our location across three acres of waterfront property has afforded us a vantage point over our competitors as we are located close to one of the world’s famous beaches that attract locals and visitors alike. We intend to fully utilize our location to full advantage.

Our vision is to ensure that we are the preferred beach resort in the united states of America as well as the whole world and that we attain this goal by the year 2023. To achieve this we will go through the extra mile of picking those that would best serve the purposes of our resort.

Our management staff has been well picked due to their vast experience and knowledge of the industry and these kinds of businesses and we are confident that they would help bring our business to where we intend it to be. Asides from having the experience, our management staff also believes in our core values.

We have picked competent employees that we know are capable of making sure our beach resort become top class. Our employees know that they must constantly communicate the brand to the clients through their actions. We intend to pay our employees well and also ensure that the atmosphere they work in is conducive and motivating enough.

Our marketing executives have been empowered to draft and implement strategies that will not only make us penetrate the target market but also make us stand out from others. We intend to engage in intense publicity to ensure that we create awareness about our beach resort to our community, state and the whole United States of America.

We will not relent in ensuring that we offer our customers excellent service when it comes to customer care. Therefore, our customer care executives as well as those working on the front desk have been adequately trained to attend to the inquiries and complaints of customers promptly.

Finally, our two owners are the best that can be gotten in the industry. Mr. Shawn Michaels and Mr. James Pardon have the required expertise and experience needed to bring Scapy Beach Resort to its intended standard. Mr. Shawn Michaels is a business man with a Business degree and masters from Harvard University and also has several qualifications in Project Management.

Mr. James Pardon has a degree in Hospitality and has been in the industry for a long while working in several resorts and hotels and has the experience that would come in handy at Scapy Beach Resorts.

3. Our Products and Services

Scapy Beach Resort is a major tourist destination that intends to offer its customers several services all aimed at generating fun and relaxation.  We are strategically located in an area which we intend to maximize to our benefit.

Even though our core service is to ensure that all our various customers can relax and have fun as well, we intend to ensure that we create other multiple sources of income that will also generate revenue for our business and boost our bottom line as is legally permissible in Las Vegas as well as in the whole United States of America.

Some of the services and products that we intend to offer at Scapy Beach Resort are;

• Room rentals for private and corporate individuals
• Sales of drinks and food
• Facility rental for private and corporate events
• Consultancy and advisory services

4. Our Mission and Vision Statement

• To become a major tourist destination for those looking for fun as well as relaxation in one place.
• To become the major preferred vacation destination for locals and visitors alike.
• To ensure we achieve this vision, we intend to be located in a strategically attractive place which will be close to the town’s major attractions.
• Our mission is to be the most preferred beach tourist destination in Las Vegas and the whole United States of America

Our Business Structure

Scapy Beach Resort is a standard beach resort located in Nevada – Las Vegas, with a strategic foundation and corporate business values. At Scapy Beach Resort, we intend to start and run our business by ensuring that we do not slack off on the human resources we intend to use in ensuring that our business attains its envisioned heights.

Our hired staff will not only be competent and experienced, they will also be used in the right positions that we intend for them.

We will ensure that our management staff for instance, not only understand our core values and the direction we intend to take bus also be able to communicate this to the staff who work under them. This way we would be able to carry everyone along in ensuring that we attain our set goals and objectives.

Due to the fact that we intend for the resort to run smoothly with as few hitches as possible, we will continually train our workers so that they are able to have enhanced skills that are not only necessary to help the business grow but also set them apart from their peers in the hospitality industry here in Nevada – Las Vegas as well as in the whole of the United States of America.

Therefore, below is the business structure we intend to build at Scapy Beach Resort;

Chief Executive Officer

General Manager

Facility Manager

Human Resources

Admin Manager

Customer Service Executives/Reception

Purchasing Manager

Inventory Manager

Marketing Executives

Security Guards

5. Job Roles and Responsibilities

• Makes the relevant decisions that will affect the overall directions of the company
• Meets with high level customers and corporations to carry on behalf of the company
• Liaises with the General Manager for effective running of the beach resort.
• In charge of ensuring that all the departments are effectively coordinated
• Makes strategic decisions in conjunction with the Chief Executive Officer on behalf of the resort
• In charge of ensuring that the beach resort is up to standard
• Oversees the daily affairs on the beach resort
• Resolves light issues on behalf of the general manager
• Responsible for sourcing and recruiting the right employees for Scapy Beach Resort
• Carries out periodical performance appraisals and ensure that hard-working employees are appropriately rewarded with promotions or other incentives
• Creates an efficient welfare package for the employees
• Responsible for smooth administrative functions in the organization
• In charge of all the records from all the various departments of Scapy Beach Resort
• Liaises with the accountant to ensure that budget implementation is utilized
• In charge of answering inquiries and questions from customers either physically or via phone calls
• Possesses updated information about Scapy Beach Resort so as to be able to pass reliable information to customers
• Keeps and update customer database on behalf of Scapy Beach Resort
• Prepares all the financial information on behalf of Scapy Beach Resort
• Drafts and ensure that the budget for Scapy Beach Resort is effectively implemented
• Helps Scapy Beach Resort prepare and file tax reports for the relevant tax authorities
• In charge of procuring supplies on behalf of Scapy Beach Resort
• Works with the accounting and inventory manager to know what items need to be procured
• Responsible for sourcing for reliable vendors and distributors and keeping a mutually satisfying relationship with them
• In charge of all the stocks that are being used at Scapy Beach Resort such as food, drinks, stationeries and cleaning supplies
• Ensures that inventories are not depleted before being re-stocked
• Works with the purchasing manager to sort out the needs of Scapy Beach Resort
• Responsible for conducting a marketing research to continually identify target market and prospective customers
• Drafts and implements effective marketing strategies for Scapy Beach Resort
• Meets and negotiates with high end clients and corporations on behalf of Scapy Beach Resort
• Ensures that accurate supplies that tallies with the vouchers are being picked up and delivered at the resort whenever the need arises
• In charge of the vehicle and any light maintenance work that might need to be carried out
• Ensures that all they abide with all the rules and regulations on the road whilst driving
• Ensure that the beach resort is kept clean at all times
• Ensures that the rest rooms for guests and employees are cleaned as frequently as possible
• Ensure that cleaning supplies are adequately stocked and that depleted stocks are re-stocked
• Monitors the surveillance cameras and ensure that all is well
• Ensures that the premises is secured at all times especially when there are customers at the beach resort
• Gives out security tips to all employees and also have updated knowledge as regards security.

6. SWOT Analysis

Due to the fact that we intend to run a standard beach resort in Nevada – Las Vegas, we had to engage the services of reputable business consultants here in Las Vegas who helped us look through our business concept in order to determine how suited we were for the marketplace and to run the business generally.

These business consultants conducted a thorough analysis of our business using SWOT (Strength, Weakness, Opportunities, and Threats) to determine the likelihood of growth and survival for our beach resort business. The following results were what were gotten from the SWOT analysis conducted on behalf of Scapy Beach Resorts:

Our strength lies in that fact that we are located in one of the most popular beaches in the world, which means more customers are likely to visit our resorts than others. Also, we have competent employees who understand the hospitality business as well as our goals and are ready to ensure that we achieve our intended goals.

Finally our owners have vast experience in the hospitality and in running businesses too, and so they will bring forth their experience to bear on the business.

• Weaknesses:

Like any other business, we have certain weaknesses in the fact that we are located in a city that has enough beach resorts, this can be taken to mean that the market here is saturated, and so we would need several strategies to be able to break off this weakness and excel amongst other beach resorts. We are positive that our strategies are effective enough to enable us break off any weakness.

• Opportunities:

The opportunities available in this field are limitless, as people always come to the beach to have fun or relax almost on a daily basis. Also, there are peak periods which mean that at certain times, more customers than the usual are likely to come to the resort.

Dealing with threats is not alien to any business and so we expect to deal with a few before we start up the business and also during the course of running the business. Threats such as government regulations, a downturn in the economy as well as arrival of competitors to our same location, are likely to occur; however, we have several strategies in place to combat these threats should they occur.

7. MARKET ANALYSIS

• Market Trends

The hospitality industry of which the beach resort is a part of has been in existence for a long time now, and has seen various market positive and negative trends, which have resulted from the state of the economy.

Therefore any entrepreneur intending to start this business must be ready to carry out market research about the industry and also about the location, he or she intends to run the business from, this is so as to be able to come up with unique services that will keep the various existing customers loyal to the resort and also attract potential customers as well.

Also, while beach resorts have been seen as a place where people go to relax and have fun, it is also used for several other events and occasions such as weddings, business meetings, seminars and so on. This therefore means that it is very necessary for beach resorts to be able to generate revenues from other sources as well as their primary source.

Finally in this age, more businesses have been able to penetrate the market as well as come up with different ways to stay in touch with the customers through the internet as well as technology. The internet is a home to various websites, blogs and forums suitable for promoting the business via intense publicity and advertisement.

Also, most businesses in the hospitality industry have come up with having mobile apps that will help their customers quickly avail themselves of the various services offered by the resort and know when new services have been introduced.

8. Our Target Market

The hospitality industry in which the beach resort is a part of is one where there are always available customers at several times in the year. This means that our target market is not limited to a certain group of people but to everyone who is looking for clean fun or somewhere to ease of stress and relax.

This is the major reason why we are located in Nevada – Las Vegas, because the strategic location affords us the opportunity of being close to our target market.

However to understand our target market and know what they expected from us we conducted a market research. This market research would also help us better draft the various advertising and marketing strategies that would be needed to grow the business. We are therefore in this industry to offer our services to the following group of people such as;

• Corporate executives
• Celebrities and high classed personalities
• Business people
• Sporting personalities
• Event planners

Our competitive advantage

Scapy Beach Resort was established to not only become a major tourist destination for those looking for fun as well as relaxation in one place, but to be the preferred vacation and relation destination for locals, visitors and tourists alike by the year 2023.

Due to this declaration, we came up with certain competitive strategies that will allow us compete against already established beach resort centers as well as those who were still young but already thriving here in Nevada – Las Vegas.

One competitive strategy we intend to have is to ensure that we offer unique services that will keep our customers hooked. We also intend to hire experienced and competent hands that will ensure that they grow the business to an enviable standard that will allow us achieve our goals and objectives.

We also intend to have an excellent customer care that will be referred to as the best in the industry. Our customer care executives will be highly trained to handle all the inquiries of our customers. Lastly, we intend to ensure that our employees are well taken care of, such as having a good pay and welfare packages. This will keep them highly motivated and will ensure that their productivity rate is high.

9. SALES AND MARKETING STRATEGY

• Sources of Income

Scapy Beach Resorts is a tourist and vacation place in the hospitality industry that has been established with the aim of providing fun and relaxation to our different customers in the United States of America as well as from other countries. We are in business to ensure that our customers have the best time in our resort through the different services that we would be offering them. Scapy Beach Resorts will therefore generate income by offering the following services;

10. Sales Forecast

People are always on the look-out for a place to relax and have fun, and a beach is one of such places, therefore starting a beach resort especially close to the most popular beaches in Nevada – Las Vegas will ensure that people will always patronize us.

Due to our strategic location, we are therefore favorably disposed to generate enough revenue that will ensure that we start to make profit during our one year of operations.

The sales projection which we prepared with the help of a hired sales analyst carried out a thorough analysis on the market here in Las Vegas and also generally and with accurate data, collated the following sales forecast. Therefore, the sales projection for Scapy Beach Resort which is based on our business concept and location are:

• First Fiscal Year-: $1,200,000
• Second Fiscal Year-: $2,400,000
• Third Fiscal Year-: $4,800,000

N.B: The above projection is based on the fact that all peak periods will remain the same and that the economy will remain stable. It is also based on the fact we would not have any beach resort of our size and offering similar services start up near us within the above three year period.

However, should there be any change in any of the listed factors; it is likely to have a positive or negative impact on our sales projection.

• Marketing Strategy and Sales Strategy

Generating capital for a business is only a part of starting the business, what keeps the business in existence in revenue generation, which comes from marketing. Marketing can then be referred to as one important aspect of the business that ensures that a business continues to be in existence from the moment it was conceived as an idea and became a reality.

Before any marketing strategies can be developed, we intend to carry out a thorough market research. This market research will enable us understand the market we intend to cater to and how best we will penetrate and get a share out of the target market.

It will also enable us to know what will be required from us by our target market to attract and retain their attention. In carrying out this market research, we were privy to utilizing important data and information that would help ensure that we compete favorably against other beach resorts in Nevada – Las Vegas and also in the whole United States of America.

To help conduct this market research, we used the services of a reputable marketing analyst who with our marketing executives utilized the data properly and crafted marketing and sales strategy that would be used to set us apart from our competitors and also increase our awareness in the market place whilst also generating the revenue we would need to grow and expand.

One major tool that we would not ignore in ensuring that we penetrate the target market is the use of the internet. The internet is a vast place that when used for marketing purposes is known to penetrate the target market faster, and being able to draw more customers than the normal conventional method.

For this purpose we intend to use our website, advertise on various blogs and forums and also use our social media platforms to engage and attract customers. Therefore, we at Scapy Beach Resort intend to use the following sales and marketing measures in attracting customers;

• Ensure that we throw a grand launching party that will attract a large number of people in Nevada – Las Vegas to attend and also create awareness in the whole of the United States of America
• Place adverts in local newspapers and magazines, as well as on radio and television stations
• Ensure that Scapy Beach Resort is listed in offline and online directories
• Engage in direct marketing to individuals and corporate businesses
• Ensure that we advertise our beach resort business on our website, and social media platforms such as Facebook, Twitter and Instagram as well as in other popular blogs and forums
• Encourage our customers via discounts and incentives to refer us to others

11. Publicity and Advertising Strategy

Even though our beach resort will be standard where we intend to not only make profit but to also compete favorably with all our competitors – big and small, we fully intend to ensure that we carry out intense publicity so as to ensure that our brands get the necessary awareness and also so as to attract customers to patronize our services at Scapy Beach Resort.

We know the importance of engaging in vigorous publicity campaigns if the company aims to grow and make profit as we will do all we can to ensure that our publicity strategies are on top of the game. We intend to be in the hospitality business for a long time and so we will deliberately ensure that we build our brand in such a way that we are not only known in and around Las Vegas but also in the whole United States of America.

Therefore, our publicity strategies will not only advertise our brand but also communicate the said brand effectively to our customers. Some of the publicity and advertising strategies we intend to use for our Scapy beach resort business are;

• Ensure that we place adverts in magazines and local newspapers, and also on radio and television stations
• Engage in several relevant community programs
• Install Billboards in strategic locations all around Nevada – Las Vegas
• Distribute our handbills and fliers in strategic areas
• Leverage on social media platforms such as Facebook, Instagram, and Twitter to use in promoting our brands
• Give out discounts at certain times in order to create awareness and attract customers

12. Our Pricing Strategy

Determining the pricing for a service oriented business can be very tricky as several factors such as the location, the popularity of the resort, and the services offered need to be determined. Due to this, it would be reasonable to employ detailed strategies that would help determine the right pricing for several of the services that would be offered at the beach resorts.

However, since we are relatively new in the business, we would need to employ a different mode to our pricing in the first three months of business, by lowering the rates for our services during this period.

The aim of lowering our rates for a particular period is so as to increase awareness for our beach resort and also attract the various customers to our beach resort. Lowering our prices do not mean that we would run at a loss, as this is not the intention of establishing the business at all.

• Payment Options

Due to the fact that we would be offering different services at our beach resort, we also intend to offer different payment policies to our various customers to suit whatever service they intend to use and whichever mode they would prefer to pay for such service. Therefore the different payment options that we intend in our beach resort are;

• Payment by cash
• Payment via credit card
• Payment via check
• Payment via Point of Sale (POS) Machine
• Payment via online bank transfer

The above payment platforms were carefully chosen for us by our bank, which has assured us that these payment plans will run smoothly with no hitches.

13. Startup Expenditure (Budget)

A beach resort business is one that requires lots of capital to start off, especially if you intend running something that is of the required standard.

Therefore in our beach resort business, the capital we intend to generate will be used to get and construct several facilities and also pay the salaries of employees as well as some bills that would be incurred during the course of running the business. The key areas where we therefore intend to spend our start-up on are;

• Business registration fees in the United State of America – $1,000
• Obtaining of licenses and permits as well as accounting software – $2,500
• Cost of leasing, constructing and renovating facility for at least a year plus labour charges – $500,000
• Cost of hiring business consultants – $10,000
• Insurance coverage (general liability, property insurance , workers’ compensation) – $5,000
• Operating expenses which includes employees salaries and bills payment for at least 6 months – $230,000
• Marketing and publicity expenses (general marketing expenses and targeted marketing expenses for grand opening) – $20,000
• Other start-up administrative expenses (furniture, computer, phones, printers, stationeries – $20,000
• Cost of equipping the resort with drinks and food for at least 6 months – $50,000
• Cost of setting up storage (bins, wine racks, drink and food shelves, wine barrels) – $10,000
• Cost of purchasing official delivery van and vehicles – $100,000
• Cost of launching a website – $1,500
• Cost of throwing a grand opening party – $10,000
• Miscellaneous – $40,000

From the above estimate, we would need the sum of $1,000,000 to be able to successfully set up and start our beach resort business in Nevada – Las Vegas.

The above amount will cover certain fixed and operating expenses such as leasing and renovating the intended facility we intend to use for a year as well as paying the salaries of employees and certain bills for at least 6 months of operations.

Generating Funding / Startup Capital for Scapy Beach Resort Business

Scapy Beach Resort is owned and operated by two partners Mr. Shawn Michaels and Mr. James Pardon, two men who have different expertise in areas that would be beneficial to the beach resort. The partners have decided therefore to generate capital from the following sources. The three areas where we intend to generate start-up capital from are;

• Personal savings and sale of certain stocks
• Loan from commercial bank
• Loan from commercial lender in the hospitality industry

N.B: We were able to generate the sum of $150,000 from our personal savings and sale of certain stocks. We approached a commercial lender in the hospitality industry and got a loan of $350,000. We also, approached our personal bank for a loan and the sum of $500,000 has been approved for our beach resort business, and will soon be credited to our accounts as soon as we sign off the last paper works.

14. Sustainability and Expansion Strategy

Just like any other business, we are established to generate revenue and then make profit that would not only sustain our beach resort business but also expand it as well. However, to achieve this, there are certain factors that we would need to consider in order to achieve our sustainability and expansion objective.

One of the major factors that would be considered in Scapy Beach Resort is how to generate revenue for our core services and how to ensure that we have multiple sources of income springing up from the core services and generating money for the resort as well so that we do not to get cash from outside sources to inject life into the business.

One way to generate revenue for our business is to ensure that we take good care of our customers and offer them the best services, so that they can always patronize us and also tell others about us. Another factor to be considered is the competence of the employee that we intend to employ to help run our beach resort business.

We will hire experienced hands who understand our goals and objectives and knows how to bring the business from where it is to where it should be.

We will ensure that we not only pay our employees very well but that we also ensure that they work in a conducive environment, have great welfare packages and are also offered incentives so that they would remain committed to achieving the goals and objectives of Scapy Beach Resort.

Finally, we intend to have the best customer service that will make customer feel at home no matter their inquiries and requests.

We will also strive to resolve complaints on time so that our customers will have no reason to not want to patronize our services. We know that if this is diligently done, we would be able to sustain our business and eventually grow and expand in future.

Check List / Milestone

• Business Name Availability Check: Completed
• Business Registration: Completed
• Opening of Corporate Bank Accounts: Completed
• Securing Point of Sales (POS) Machines: Completed
• Opening Mobile Money Accounts: Completed
• Opening Online Payment Platforms: Completed
• Application and Obtaining Tax Payer’s ID: In Progress
• Application for business license and permit: Completed
• Purchase of Insurance for the Business: Completed
• Conducting feasibility studies: Completed
• Generating capital from family members: Completed
• Applications for Loan from the bank: In Progress
• writing of business plan: Completed
• Drafting of Employee’s Handbook: Completed
• Drafting of Contract Documents and other relevant Legal Documents: In Progress
• Design of The Company’s Logo: Completed
• Graphic Designs and Printing of Packaging Marketing / Promotional Materials: In Progress
• Recruitment of employees: In Progress
• Creating Official Website for the Company: In Progress
• Creating Awareness for the business both online and around the community: In Progress
• Health and Safety and Fire Safety Arrangement (License): Secured
• Opening party / launching party planning: In Progress
• Establishing business relationship with vendors – wholesale suppliers / merchants: In Progress
• Purchase of trucks: Completed

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From idea to execution: 10 sections to include in your hotel business plan

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By Lana Cook

Do you love connecting with people from all over the world who share your passion for travel? Don’t want to work a typical 9-5 job and instead want to build a business where every day is different, and you own your schedule?

Starting a hotel business is a dream many entrepreneurs have, but it can be a daunting venture to start. A hotel business plan is a critical first step for business owners to turn their dreams into reality. A strategic plan allows one to study the hotel industry, identify their hotel’s unique point of view, and outline how exactly they will reach their goals.

Read on to learn more about the ten sections to include in your hotel business plan, tips for creating an effective plan, and key things you need to start your new hotel business.

Ready to get started creating your plan? Download our hotel business plan template.

What is a hotel business plan?

A hotel business plan is a detailed document that identifies your business’s goals, objectives, and strategies for success. It includes market research and a roadmap for building and operating your business.

Why do you need a hotel business plan?

Studies show that entrepreneurs who finished their business plan were twice as likely to succeed in growing their business than those with no plan. A hotel business plan:

• Helps you identify whether you have a viable business idea
• Provides a detailed roadmap on what you need to accomplish and why
• Gives potential investors insight into your business idea and confidence that you can be successful
• Keeps you on track as you start to execute the different tactics outlined in your plan
• Identifies critical milestones for you and your team to reach

Your plan does not have to be static and should change over time as your business grows and evolves. Your first draft is a starting point to help guide your strategy and instill confidence in potential investors.

10 sections to include in your hotel business plan

Whether you’re starting a small boutique hotel, a cozy B&B, or a 5-star resort, you will need to address the following sections in your hotel business plan.

1. Executive summary

An executive summary is the most essential part of your business plan. It should concisely explain the purpose of your business and why it will be a success.

Include your mission statement explaining why your hotel exists and its overall goal. For example, Capella Hotels & Resorts ’ mission is to combine tradition, discovery, individuality, and twist of the unexpected to create the perfect stay for each guest.

You should also include your vision statement that clearly describes your hotel’s purpose for being in a single sentence. For Capella Hotels, its vision is to embody excellence in the craft of hospitality.

We recommend writing your executive summary as the final stage, as it should summarize the goals and objectives laid out in your plan.

2. Company analysis

Your company analysis is where you can dive into your hotel’s competitive advantage. Ask yourself what makes your hotel unique . Why would guests want to stay with you instead of your competitors?

In this section, identify your brand’s identity and the goals and objectives you want to accomplish. Outline how many rooms and room categories your property will have. For example, will you offer a hybrid hospitality model with dorms, single rooms, and suites? Explain what ancillary revenue sources you’ll offer, like in-room food and beverage options, welcome drinks, or airport shuttles.

Use storytelling to communicate your excitement and passion and make it clear what your hotel will bring to the hospitality industry that hasn’t been done before.

3. Industry analysis

As a business owner, you must be prepared for forces outside your control. You will need to conduct a market analysis that looks at the hospitality industry to identify micro and macro trends that may impact your business. Look at:

• Economic trends
• Environmental trends
• Political trends
• Global health trends
• Technology trends

For each trend, identify how it will impact your business and ways to mitigate risk or take advantage of opportunities.

For example, digital check-in technology has increased across the hotel industry with the rise of tech-savvy guests, new innovative software providers, and labor challenges. Therefore, consider what guest experience solution you’ll include at your hotel.

In addition to trends, look at the history of the hospitality industry, its current size, and how it’s expected to grow in the short and long term. This research will impact the rest of your plan, especially your marketing and financials.

4. Customer analysis

What type of hotel guests do you want to attract? It’s impossible to please every kind of guest, which is why it’s important to identify your target market . Once you know who you want to stay at your property, you can develop amenities, services, and marketing materials to attract these guests and deliver exceptional experiences .

Ask yourself:

• What type of guests do I want? Business or leisure travelers? Retirees or Gen-Z?
• What demographics? Age, gender, marital status, etc.
• What are my target market’s interests? Water sports, hiking, relaxation, museums, etc.
• What does my target market value? Sustainability, contactless technology, personalized service, localized experiences, etc.

This section will help you formulate the guest experience to ensure that expectations meet reality .

5. Competitive analysis

The competition you face will vary depending on where your hotel is located. In this section, you should conduct in-depth competitor research to understand how your hotel will compare. Identify your five major competitors — ideally, three direct competitors you will be competing with upon opening and two aspirational competitors you can emulate as you grow your business.

Conduct a SWOT analysis based on your competitors to look at:

• Strengths . Where does your property excel in comparison to competitors? Why would travelers pick you? Price, amenities, location, technology, etc.
• Weaknesses . Where does your property fall short in comparison to competitors? Price, amenities, location, technology, etc.
• Opportunities . What industry trends can you take advantage of? What local events or partnerships can you capitalize on?
• Threats . What are the biggest threats facing your property? War, travel restrictions, recession, etc.

A thorough analysis can help solidify your competitive advantage and develop a contingency plan for how you will deal with your weaknesses and threats.

6. Marketing plan

Without demand, there is no business. A hotel marketing plan outlines the channels you’ll use to reach your target audience to drive bookings. Your marketing strategy should include three key channels:

1) Paid media . Paid advertising to promote your property and drive bookings. This includes online travel agencies (OTAs) , search engine marketing (SEM), retargeting, and metasearch advertising.

2) Owned media. The content  you create, like your hotel website , social media channels, blog posts, and SEO.

3) Earned media. User-generated content created by third parties like media coverage or online reviews.

7. Operations plan

How do you plan to run your day-to-day operations? This section of your plan will outline all of the key tasks and responsibilities of your team and what exactly your hotel will offer. Consider:

• The number of staff and supervisors required
• Job descriptions and responsibilities
• Your service standards (check out our downloadable SOPs for some inspiration)
• How you’ll manage your inventory
• What hotel technology solutions will you need? PMS, channel manager, booking engine, payment terminal, revenue management tools, guest engagement software, etc.
• What services and amenities do you want to offer? Room service, bar, restaurant, pool, spa, wellness center, etc. 

Detail your short and long-term operational plans and the stakeholders involved for each area.

8. Management team

Whether or not you’ve hired your team yet, this is one of the most important sections potential investors will look at. Make sure to outline the key personnel you will require and their roles. 

In general, these are the following roles you’ll want to outline:

• Hotel management (general manager, front office manager, housekeeping manager, maintenance manager, revenue manager)
• Hotel sales team
• Housekeeping staff
• Front office staff
• Maintenance

Depending on the size of your hotel, your team will vary. Identify the team members you need to open and your hiring plans over the next five years.

9. Strategic plan

Hoteliers must be strategic in optimizing occupancy rates across seasons to maintain revenue. As part of your strategic plan, identify how you will manage:

• Pricing – what room types will you offer, and how will the pricing vary?
• How will you maintain consistent occupancy throughout the high and low seasons? Will you adapt your pricing and marketing strategies?
• How will you conduct revenue management ? What type of rules/alerts will you use to adjust rates? Will you use technology to help with revenue management?
• What will your online reputation management strategy be? How will you collect and respond to online reviews?
• What will your distribution mix look like? How will you drive reservations across a variety of channels?

10. Financial plan

Your financial projections are the most challenging but arguably the most crucial part of your hotel business plan. In this section, you should include the following:

• Start-up costs. How much money will you need from lenders to operate your hotel? Consider business licenses, furniture, down payments, etc.
• Operating costs . How much money will you need to keep your business running? Consider staffing costs, guest acquisition costs, mortgage payments, utilities, SaaS payments, etc.
• Income statement . What will your revenue, expenses, and profit be over the first 3-5 years of business?
• Cash flow projections . How will cash flow in and out of your business? Show what capital investment you’ll need to start.
• Balance sheet . Identify your assets, liabilities, and equity.

If you’re looking for a potential investor, your financial plan will be the section they care about most. Here, you must prove how your business will provide a return on investment. Don’t forget to include an Appendix that shows more detailed reporting and financial figures.

8 tips for creating an effective plan

1. Start with the section that excites you the most! Covering all the topics outlined above can feel overwhelming, so don’t feel pressured to go in order.

2. Reach out to a business owner you admire. No matter what type of business you’re starting, getting advice from another business owner is always helpful. Reach out to a successful local business owner to see if they’d be willing to share some insights they learned along the way.

3. Be concise. While there’s a lot to cover, you must be concise in each section of your plan. Include any additional research or documentation in the appendix to keep your business plan clean.

4. Try to avoid industry jargon. Depending on what type of investor is reading your plan, they may find jargon irrelevant and distracting.

5. Ensure you have a clear competitive advantage. You should be able to state in one sentence what makes your property unique. This unique selling point (USP) will be prominent in all of your marketing materials.

6. Set SMART goals. Setting specific, measurable, achievable, relevant, and time-bound goals is important to stay organized and on track to reach milestones.

7. Don’t forget about your plan. You will have spent hours developing your plan, so make sure you use it! Reference your plan as you build and grow your business , and remember that it’s ok if things change.

8. Illustrate your passion. Communicate why you want to be a part of the hospitality industry. Passion is contagious and gives investors more confidence that you will work hard to achieve your dreams.

What do you need to start a hotel business?

Ok, so you’ve read through this article and are now wondering — what’s next? Ensure you have the following items on your radar to start your business.

• A vision. Know exactly what kind of business you want to build (a quaint bed and breakfast is very different from a large-scale resort).
• A business plan. Stay on track with a well-developed business plan.
• A location. Decide if you want to build a new property or renovate an existing hotel.
• Capital. Do you need to raise an upfront capital investment? Remember that new businesses usually aren’t profitable for the first few years and will need cash flow to pay for expenses.
• Business licenses & permits. Depending on the type of property and its services, you’ll need an occupancy permit, alcohol license, food service license, sales tax license, etc.
• Technology. Choose technology to help streamline operations and earn more revenue.
• Furniture & equipment. You must furnish your property with the proper furniture, electronics, appliances, etc.
• Staff. Take time hiring staff you can trust and who understand your hotel’s brand and vision.

Final thoughts

Your business plan provides the foundation for your new business and outlines the next steps in the journey. Ensure you fully understand the market and competitive landscape to enter the industry prepared for the future. Start slow and invest in the right people and technology to support the growth of your business.

Looking to start a hotel? Download the technology guide. Download now

About Lana Cook

Lana Cook is a Content Writer at Cloudbeds where she is able to combine her love of writing and passion for travel. She has spent the last few years writing about all things technology and the ways in which it can be used to help businesses thrive. When she’s not busy writing, you can find her checking out the latest movie or searching for a new TV show to binge.

Hotel business plan

You might also be interested in..., the impact of modern housekeeping technology on hotels’ costs and operations, cloudbeds to usher in the era of ‘decision intelligence’ at upcoming passport conference, the ultimate guide to buy now, pay later (bnpl) for hotels.

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• Business Plans Handbook
• Business Plans - Volume 07
• Hotel Resort Business Plan

Hotel Resort

BUSINESS PLAN     SEVEN ELMS RESORT

65000 Windy Lane Dr. Traverse City, Michigan 49865

The Seven Elms Resort outlines how it will provide quality hospitality services, cost-effectively, in a popular northern U.S. lake resort environment. This plan successfully raised capital for property acquisition, renovation, and company start-up related costs.

EXECUTIVE SUMMARY

Company summary, hotel & lounge overview, market analysis, competitive environment, strategy & implementation, promotion strategy, financial plan.

We seek funds for the acquisition and renovation of Seven Elms Resort, an adult-marketed, 17-room "boutique style" hotel specializing in a couples' "getaway" to provide relaxation and recreation in Benzie County, a popular tourism spot located next to the state of Michigan's Lake Michigan. Moderately priced between the high-line hotel properties and the older motel strips, Seven Elms Resort shall fill an affordability niche not presently available in Benzie County.

Combined with an on-site lounge, grill, poolside beverage service, and morning continental breakfast bar, we are seeking investment funds to renovate the hotel building, build-out a piano bar/lounge area with dance floor, and construct an outdoor pool adjacent to the indoor pool. With this refurbishment and other new amenities, Seven Elms Resort will form the basis of a highly profitable hotel venture. We are seeking funds to develop and expand the business in a phased approach, as highlighted within this document.

Seven Elms Resort's owner, Steve M. Blackburn, has an extensive business background, including over 14 years of experience developing a variety of businesses. Mr. Blackburn received his B.A. in Business Economics, and currently is an M.B.A. candidate at the University of Michigan. Desiring to return to his own business, he wishes to establish Seven Elms Resort, Inc. in 1999.

The foundation for the plan is a combination of primary and secondary research, upon which the marketing strategies are built. Discussions and interviews were held with a variety of individuals involved with other similar businesses to develop the proforma data, review the market potential, and competitive situation.

Renovation in the Prairie Style period, our hotel's design elements and furniture will reflect this "organic" approach and provide an overall comfortable experience. Seven Elms Resort shall specialize in meeting an individual or couple's needs. As growth warrants, the 10-acre site would allow for future expansion of the lodging portion of the resort (Phase II).

Business Plan Purpose

Introduction.

In today's highly competitive environment, formal business planning is an essential element in achieving business success. A well-written business plan is primarily a communication tool used to obtain financing. In certain instances, particularly with our early stage company, this business plan also serves as a strategic plan.

Considering that lenders are inundated by numerous investment opportunities from which they choose only a few, this business plan describes our story and how we intend to grow. Seven Elms Resort, Inc. management team has made an in-depth analysis of its opportunities and weaknesses and it has concluded that the company has an excellent chance to succeed.

Methodology for Business Planning

Sophisticated business planning helps management answer questions, such as: What will be our record of achievement? How have we fared compared to our competitors? Are we setting realistic and attainable goals and objectives?

Constructive and useful business planning requires a broad-based understanding of changes taking place in the marketplace in which the company competes, or plans to compete, and the ever-changing financial markets. In-depth technical skills in a variety of disciplines such as financial analysis, sales and marketing, latest technology, and managing growth are critical components in assessing a company's opportunities and risks.

Developing the Business Plan

The management of Seven Elms Resort, Inc. has developed this disciplined planning methodology to help the company anticipate its start-up costs and other critical information to arrive at this realistic plan.

Guidance from Outside Professionals

Mr. Blackburn has sought legal assistance and advisors to develop the Seven Elms Resort concept. Steve will maintain an active management involvement in every aspect of daily resort operations. This plan reflects his vision.

Five Objectives of Seven Elms Resort, Inc.

• Attract $1.4 million mortgage/investment capital;
• Focus ideas and establish goals;
• Identify and quantify objectives;
• Track and direct growth;
• Create benchmarks for measuring success.

The business of Seven Elms Resort, Inc. is the creation of and funding of an adult couples' 17-room hotel, specializing in a "getaway" atmosphere to provide relaxation and recreation in the Greater Benzie County/Lake Michigan area. Management is soliciting commercial finance partners who share its vision and desire to participate in this exciting business opportunity in the resort community of Benzie County, Michigan. The integration of these disciplines results in extensive and innovative services, set in a unique Prairie Style surrounding for our prospective guests.

Ideal Property Location

The preferred location is a 10-acre parcel with 8 acres of woods. Of the 18 rooms, 3 are executive suites, with Jacuzzi tubs, and one of them will be converted to an onsite manager's apartment. Each room has individual climate control, direct-dial phones, and televisions. The facility has a large main lobby area, indoor pool/Jacuzzi/sauna, lighted tennis court, 2-car garage, storage shed, ample parking, and all equipment necessary for operation of the motel. The separate onsite manager residence and meeting room complex will serve as a future lounge/grill space. The grounds are beautifully landscaped.

The motel is located in the motel district of Benzie County and is situated on 9.43 beautifully landscaped, wooded acres. Approximately 7 of the 9.43 acres are wooded and undeveloped, which creates an opportunity for significant expansion or potential for an entirely new enterprise.

This facility consists of one building, built in two phases: a 22- and 15-year-old two- and one- story wood frame 18-unit motel and manager's/owner's apartment, which when combined, total approximately 14,787 square feet of living area. The 18-unit motel includes a lobby with a fireplace, reception area, storage area, laundry room, bathroom, meeting rooms, a balcony, 18 room units, a men's and women's bathroom, kitchen, a whirlpool/sauna room, an indoor swimming pool, and mechanical room. The motel has a partial basement and includes a laundry room with two washers and two dryers.

The manager's apartment (future piano bar and basement bar/meeting room area) offers a living room, kitchen, dining area, family room, half bath, and gift shop on the first floor with 3 bedrooms and 2 baths on the second floor. The home has a concrete block basement that is partially finished with a recreation room and a 3/4 bathroom.

The exterior is cedar and the roof is pitch and pebble. The building is seated on a poured concrete and a concrete block foundation. Interior walls are concrete block and drywall. The flooring is carpet and ceramic tile. There are casement windows and wood storms and screens. There is a basement area under the living quarters and a portion of the motel.

Other improvements include a 2-car garage with 2 electric door openers. A detached storage shed is located to the rear of the manager's apartment. Land improvements include a blacktop driveway and parking lot with 23 parking spaces, concrete sidewalks, a lighted tennis court, street signage, and beautiful landscaping with a mature variety of trees and shrubs.

Mechanical systems include five gas hydropic, two gas forced air furnaces, electric baseboard heat, individual heat, and central air for each unit; 120-gallon hot water heater, 600-amp electrical service, intercom system, two central vacs, water softener, sump pump, 4-camera security system, cable television, smoke alarms, and telephone system.

Mission Statement

Seven Elms Resort, Inc.'s mission is to provide quality hospitality services to our guests in a comprehensive and cost competitive manner, providing the finest accommodations in Benzie County, Michigan.

Company Business Plan Objective

This business plan serves to detail the direction, vision, and planning to achieve our goal for providing superior and comprehensive hotel and lounge services. Our plan objectives are:

• Attract $200,000 bridge loan to secure $1.4 M property mortgage
• Focus ideas and establish goals
• Identify and quantify long-term expansion
• Track and direct growth
• Create benchmarks for measuring success

Seven Elms Resort shall fill a niche not presently available, namely a moderately priced (under $130 per night, summer rate) resort. Combined with an on-site lounge, a grilled food service, an indoor and outdoor pool bar, and a morning continental breakfast offering, we shall differentiate ourselves by becoming a "boutique style" resort versus simply another motel. With the construction of an outdoor pool adjacent to the present indoor pool/whirlpool/sauna complex and our other refurbishment and new amenities, Seven Elms Resort will form the basis of a highly profitable venture set in a Prairie Style environment.

Company Ownership

Mr. Steve Blackburn founded Seven Elms Resort, Inc. hotel and lounge in 1998 as a Michigan Subchapter "S" Corporation. Since 1985, Steve has had extensive experience in creating and managing organizations for environmental and economic development-oriented companies involved in nationwide projects.

Steve consults with area businesses in development-related issues, including finance, and is a United States SBA counselor at the Small Business Development Center at the University of Michigan. Past SBA clients include service and manufacturing organizations. He is a certified SBA Fast Track program instructor, a Michigan licensed loan solicitor, with a specialty in commercial finance, and a guest lecturer at U-M for Business Plan Writing Workshops. He has started previous business and corporate subsidiaries and looks forward to managing Seven Elms Resort on a daily basis.

Currently, Steve is an M.B.A. candidate at U-M and holds a Bachelor of Arts degree in Business Economics with a minor in chemistry from Notre Dame University.

Key Advisors to the Company

Seven Elms Resort, Inc. has additional key staff members and advisors to assist during the development, planning, and initial planning phases. They include an architect trained at the University of Notre Dame, CPAs, and former managers of bar and Bed and Breakfast style properties.

Management & Organizational Summary

Mr. Steve Blackburn will manage all aspects of the business and service development to ensure effective customer responsiveness. Qualified resort associate professionals will provide additional support services. Support staff will be added as guest and/or patron load factors mandate. Blackburn has joined the American Hotel and Motel Association.

Corporate Development Plan

For purposes of this Business Plan document, Seven Elms Resort, Inc.—Phase I and Phase II for developmental growth are defined below:

This phase involves preparation and development of Seven Elms Resort. Until the ideal property is acquired, Seven Elms Resort, Inc. offices will be housed at the home of Mr. Steve Blackburn, its founder. The property will establish its own Prairie Style identity, management directives, and capital. Incorporating a total quality management approach and a guest appreciation program, Seven Elms Resort will develop key repeat guests and lounge patrons. Through word of mouth and advertising, our reputation as an affordable "boutique style" resort shall grow.

Property renovation will include the makeover of 18 to 17 rooms (with 3 suites) and the conversion of the present onsite property manager's house to lounge gathering space. New construction includes a bar room addition, extra parking lot build-out, and an outdoor pool. [Phase I capital (start-up) funds are documented later on in this business plan.] It is anticipated that the funding and transfer of this property will happen in spring 1999. Operation "as is" of the facility would continue through the summer and fall. The hotel will close for the winter months for its build-out and renovation.

Continue implementation of sales, advertising, and marketing strategies developed in Phase I. Identify and pursue additional guest markets, i.e. Internet room guarantee services. Seven Elms Resort shall evaluate its room occupancy position to determine if a facility expansion is warranted. Seven Elms Resort anticipates additional support staff would be needed at the proper time (Phase II). This Plan does not contain funding needs for this Phase.

Establishing a hotel and lounge business clientele will take some time, as the research revealed word-of-mouth /recommendations /referrals and value as the primary way in which hotel and lounge services are selected by new guests. People who are completely new to the area, or who have few established connections, may look to the Yellow Pages or other advertising to establish available services, then call for information or pricing.

A good portion of the past guests to the property will no longer return, as the present ownership has operated the property as a Christian retreat-style motel.

Competitive Advantage

Strengths of Seven Elms Resort, Inc. include Steve Blackburn's broad base of experience in managing different types of companies. He has extensive development experience and a track record of hiring the right people and training them. Blackburn understands the service sector business, has traveled extensively frequenting numerous lodging establishments, and has gained invaluable experience in organizational management.

Currently, a mid-size "boutique" resort niche is vacant in the Lake Michigan market, with present lodging on the high end, averaging $225 per night (and up) down to older motel properties of $79 per night. Several B&B establishments may fall into the middle, however, Seven Elms, as a resort-style property, will serve its niche by itself.

Industry Keys to Success

• A property designed for the guest and/or lounge patron
• Frequent Guest Award Program
• Controlled overhead and operational costs
• Regular and ongoing guest feedback
• Latest technology/software capacity
• Weekend lounge (piano bar, dance floor) entertainment
• Unique, timeless and comfortable environment
• Dedicated management and associate support staff

Seven Elms Resort, Inc. like all businesses, is affected by forces and trends in the market environment. These include economic, geographical, competitive, legal/political, and technical.

Economic Environment

Positive forces include the generally prosperous economy that is currently in place, full employment, rising wages, and low inflation, leading more people to be able and willing to spend money and to get away for some time. The close locality of Lake Michigan offers an affordable alternative to a flyaway destination.

Geographical/Competitive Environment

Located just two blocks from Lake Michigan and downtown Lakegrove, the area has several golf courses, two ski hills, water recreation activities, numerous dining establishments, various retail and specialty shops, art galleries, theatre entertainment venues, and the beauty and serenity of Lake Michigan, which has made this county a famous Midwest tourist destination. Traverse City began to prosper in the 1870s, becoming a desirable resort area. Many homes and estates date back to this era and several enormous "summer cottages" were built on the lakeshore and are still in evidence today.

Seven Elms Resort shall fill a niche not presently available, namely a moderately priced (under $130 per night), resort-type establishment. Combined with an on-site lounge, a grilled food service, an indoor and outdoor pool bar, and a morning continental breakfast offering, we shall differentiate ourselves by becoming a "boutique style" resort versus simply another motel.

Our Prairie Style surroundings will attract and retain guests who appreciate such refined environments.

Legal/Political Environment

Seven Elms Resort management will not move the project forward until it has obtained an option to acquire one of the 19 Benzie County, Michigan, liquor licenses. As faced by all businesses, the proper insurance needs shall be met and all operations and policy manuals shall be reviewed by appropriate legal experts. The facility will obtain all the necessary building permits prior to construction. Present facility zoning allows for this proposed use, including a bar, cabaret, grill, and dance floor space.

Technology Environment

Computer programs greatly simplify the financial recordkeeping for today's businesses. As a small business, Seven Elms Resort will need to watch its expenses closely. By utilizing the existing software packages available in the hotel industry, including: room and facility management database, controlled bar and inventory measuring systems, and room key cards that allow patrons to charge directly to their room account, this technology shall assist management in controlling costs, reducing cash management, and maximizing revenue. Seven Elms Resort shall attract the resources necessary to train and operate the system in order to generate the reports and manage the inventory.

A listing of the hotel and motel properties in Benzie County, Michigan (sourced through Midwest and the Ameritech Directories) is as follows. (Note: Other properties on Lake Michigan, but outside the city limits, are not included):

High Line ($139-$750 per night, depending upon season) The Cove of Lake Michigan ($145-$225) Grand Michigan Resort and Spa ($139-$750) The Harbor's Edge ($139-$199) The Michigan Inn ($215-$350) The Strike Hotel ($200) Motel ($59-$119 per night, depending upon season) Breezy Chateau Inn Budget Time Motel Lake Michigan Motel Lakewood Motel Misty Motel Pine Tar Motel Plaza Motel Shady Drive Motel The Stirrup Motel Swiss Motel Bed & Breakfast (B&B) Dahlia House The Mixer House Precious Times Inn

Hotel and motel properties in adjacent communities are not listed, however, they do advertise in the Yellow Pages.

Seven Elms Resort hotel and lounge is attempting to carve out a fourth segment in the lodging market; that of a "boutique" style, high-line property at mid-line pricing geared towards adult couples and not marketed to families.

A review of competitors' marketing strategies reveals no one targeting this market segment. Hotel and lounge is a referral-driven business—new business can be obtained by encouraging and rewarding present guests to refer future guests. Networking within business and civic groups is important; even if the business results are not immediately felt, it is an excellent public relations opportunity. Live piano, or jazz style trio, on the weekends will add excitement to the resort and draw community residents and guests from other properties.

Market Research

A hypothetical behavior sequence model for a new customer (future guest) contemplating using a hotel and lounge service for the first time might look something like the following (based on discussions and interviews with potential guests):

Individual or couple decided to getaway for a few days. This may happen as a result of a need for a change of pace, vacation, or a celebration purpose. The need can arise anytime year round. Even in the late fall and winter months people are thinking "getaway" to break the weather doldrums.

Individual or couple investigates hotel services. In most cases, this means the they will consider first any recommendations that they are knowledgeable of through prior association (relative, friend, or social group). If the individual or couple is new to the area or otherwise has not made any close connections with people, he/she would look in the Yellow Pages for a listing, or perhaps look in a newspaper for advertising.

Acting on the advice of friends (or own knowledge), the individual or couple will call the recommended property to obtain information that will help him/her decide if this place is the best for them. Criteria for selection include: (1) amenities (pool, on-site food service, nonsmoking rooms, bar lounge area, etc.); (2) reputation (what kind of persons usually stay here?);(3) physical plant (how recent the renovation, upkeep, etc?); (4) courtesy (professional and attentive staff?); and (5) pricing (is the place affordable?).

Based on the information received, the individual or couple makes a decision and either schedules an appointment to view the property or makes a reservation.

The individual's satisfaction with his/her decision and with the service itself is largely a function of their interaction with the staff during their stay. Everyone associated with Seven Elms Resort will do everything possible to ensure a satisfactory experience for the guest, so that future business (and a future referral) is not at risk.

Marketing strategies will build on this model, taking advantage of precipitating events, fostering word-of-mouth recommendations, and creating satisfaction through interacting with the future or present guests.

Summary of Opportunities and Threats in the Environment

Overall, the environment appears very positive for Seven Elms Resort, Inc. The forces driving market demand, mainly economic and geographical, are strong, with more people staying closer to home for shorter getaway trips and their comfort level of visiting Lake Michigan, one of the Midwest's premiere travel destinations. On the negative side, there is competition, and it will take a while for Seven Elms Resort to get "established" in its market niche.

The business is driven by referrals and repeat business, so for the first few years Seven Elms Resort will need to be aggressive in attracting new guests. The marketing strategy is subject to change upon guest feedback and surveys.

Marketing Strategies

Target Markets—Geographical: The major cities within a three-hour drive of the property.

Target Markets - Consumer:

• New visitors traveling to the area
• Middle- and upper-income bracket
• Returning visitors to the area
• Businesses needing to hold small overnight planning and strategy sessions
• Area wedding parties

Positioning and Product Strategy

For its guests, Seven Elms Resort will be positioned as a new, beautifully landscaped, nature-filled, unique atmosphere hotel with a bar lounge service that fits an adult "getaway" market niche. A full range of referral services (i.e. restaurant recommendations, shopping, taxis, area attractions) will be made available and tailored to the needs of the particular guest.

Business services range from room phones that are Internet jack ready and telephone answering message service for each room to on-site fax services and meeting room space (lounge sitting area and cabaret room). Seven Elms Resort will aim to attract business guests and their partners needing to hold planning or strategy sessions away from the office in a new and comfortable surrounding, in order to even out revenues throughout the week.

Distribution Strategy

Unlike products that are produced, then distributed, and sold, hotel and lounge services are produced and consumed simultaneously in a real-time environment. Thus, distribution issues center on making the services available in a convenient manner to the greatest number of potential guests. Seven Elms Resort will maintain a front office staff member throughout the night so guests are able to get answers to any question or service when they need it. This flexibility is especially attractive to the business traveler. Clients will be able to contact Seven Elms Resort by telephone, fax, and e-mail.

Pricing Strategy

Rooms per night fees have been developed. The fee schedule takes into account seasonal rates that are common in the area. For businesses and other large group functions, pricing can be discounted depending upon the number of rooms reserved.

Example lounge pricing and grill food offerings are also noted.

Example fees:

Service and Support Philosophy

By giving careful consideration to customer responsiveness, Seven Elms Resort's goal will be to meet and exceed every service expectation of its hotel and lounge services. Our guests can expect quality service and a total quality management (TQM) philosophy throughout all levels of the staff.

Promotion strategies will vary depending on the target market segments. Given the importance of word-of-mouth referrals among all market segments when choosing a "getaway" hotel or small business meeting location, our efforts are designed to create awareness and build referrals. A cost-effective campaign—focused on direct marketing, publicity, our frequent guest reward program, and advertising—is being proposed.

Marketing Plan

New business segment.

A direct marketing (direct mail) package consisting of a tri-fold brochure, letter of introduction, and reply card will be sent to a list of potential guests. This list can be obtained from International Business Lists, Inc. (Chicago, IL) and is compiled from tax records (by upper-income geographical areas, Secretary of State incorporation registrations, business license applications, and announcements from newspaper clippings).

The brochure and letter introduces Seven Elms Resort, stresses the importance of having a good time in comfortable surroundings, provides information on our resort services, and describes what sets us apart from other area hotel and lounge properties. The initial mailing may contain a promotional offer: the opportunity to receive a 10% discount on the first night's room rate.

Approximately two months after the mailing, an additional letter shall be sent. The potential guest would be asked to address any questions and the follow-up would remind them to drop in for a property tour on their next trip to Lake Michigan. Additionally, new businesses will be targeted and sent information.

The cycle would repeat itself with new target communities and select businesses and would continue through the first year. After that, additional mailings would be conducted, as needed, based upon occupancy goals.

Seven Elms Resort, Inc. will also consider developing a one-page newsletter to be mailed quarterly to past guests and prospects in the database. The newsletter can be used to update clients on hotel and lounge and area-related developments, but also serves as a reminder of what sets Seven Elms Resort apart. The newsletter can be produced in-house and for the cost of paper and a stamp creates a lot of goodwill among guests and business prospects.

Publicity and Public Relations

A news release will be sent to area newspapers and magazines announcing the launch of Seven Elms Resort, Inc. and lounge. Area talent searches will be conducted to secure weekend cabaret room entertainment.

Steve Blackburn will join the Benzie County Chamber of Commerce as a means of networking in the community. He also may make himself available for speaking engagements at other community or civic organizations as a low-cost way of increasing awareness and building goodwill in the community.

Guest Reward Programs

For present guests: "Stay 6 nights and get the seventh night for free" promotion and as a means of building business by word-of-mouth, present customers should be encouraged and rewarded for referring future guests. This can be accomplished by offering a small "rebate" (5% or 10% rebate on first night stay) to current customers who successfully refer a new guest.

Advertising

Advertising is utilized primarily to attract new guests and serves to build awareness and name recognition of the resort in general, which is important for word-of-mouth referrals ("Oh yes, I've seen that resort's ads before.")

• Periodic advertising in target market area newspapers will afford Seven Elms Resort, Inc. name recognition benefits. From quarter page ads announcing its entertainment line-up to business card-sized logo ads.
• Yellow Pages—Ameritech PagesPlus, Greater Benzie County Telephone Directory. Research indicated that new visitors or people who don't have many personal acquaintances to ask about hotel and lounge services will look to the Yellow Pages to establish a list of potential hotel and lounge services to call. Even a small 2" × 2" boxed ad can create awareness and attract the desired target client, above and beyond the ability of a simple listing. Ameritech Yellow Pages covers the relevant market area, delivering over 30,000 copies to residents and business. Midwest Directories covers Greater Benzie County but is considered a second-tier directory to Ameritech.
• Telephone Book Cover. A business card-like ad on the plastic cover which is placed over any telephone book enables the business name/logo to be seen virtually 24 hours a day, 365 days a year. Covers are distributed bi-annually free of charge to residents and businesses in Benzie County.
• Restaurant Placemats—Opportunities exist for a business card-like ad to be placed on the paper placemats used in area restaurants (shelf-life of the ad is about six months), or for special (holiday) events taking place at a restaurant (1-off opportunities). An example would be getting on the area restaurant placemats (about 9,000 in six months), or getting on the special Lions Club "St. Patrick's Day" dinner placemats at the Village Restaurant (about 1,000 placemats for that event). Placemat advertising will reach area residents as well as area visitors/tourists staying at other places.
• Additional places to post flyers/business cards or for a business card ad include bulletin boards in public buildings (grocery stores, senior centers), and playbills for local theater groups.

Example Promotion Budget - 1999 (Amounts Included in Start-Up Funds)

Evaluation & Control Strategies

Objectives have been established for Seven Elms Resort so that actual performance can be measured. Thus, at the end of its first year, Seven Elms Resort should have:

• $772,000 in total revenue
• Anticipate 57% occupancy rating

Each subsequent year new objectives will be set for these benchmarks and actual performance will be measured against them. If actual performance falls short of objectives, investigation will be made into the cause, and plans will be adjusted accordingly.

In addition, it is recommended that Seven Elms Resort keep track of the source of all new guests ("Where did you hear of us?") in order to measure the effectiveness of each type of promotion. Each subsequent year's budget should adjust spending toward the types of promotion that reach the most new clients.

Customer satisfaction is most directly reflected in the year-to-year customer retention percentage. All lost customers should be investigated to find out why they left. A customer satisfaction survey may be considered after three to four years in the business.

Here is the Project Funding Summary for Seven Elms Resort:

Phase 1 Funding Amounts Sought

Developmental costs for the start-up of this new hotel and lounge services company are listed above. These schedules also listed in the Ten Year Proforma.

The following schedule highlights the anticipated developmental costs:

The development of Seven Elms Resort, Inc. will require the full-time talents of Steve Blackburn. Phase II growth amounts will be developed and sought at a later date, based upon needs to be determined at that time.

Financial Plan Assumptions

The following assumptions will be incorporated into Seven Elms Resort, Inc. proforma statements.

• All operating costs are based on Seven Elms Resort, Inc. management research of similar operating companies.
• Automated informational and bar control systems will reduce Seven Elms Resort, Inc. staff requirements.
• Developmental start-up costs are amortized over a five-year period.
• Room Occupancy Rate at 57%, G & A overhead and operations costs are calculated on an annual basis.
• Property manager and founder's salary is based on a fixed salary expense basis.
• All fixed and variable labor costs should rise annually at 2.5% per year.
• All revenues are figured to rise annually at five percent. Fixed annual, administrative, and office expenses rise at an annual rate of one half of one percent.

This is the resume of Steve Blackburn, the future owner of Seven Elms Resort Steve Blackburn has demonstrated experience in business and sales organization development. Developed and secured funding for own organization, author of several successful RFPs, business and market development plans. Has expertise in customer retention programs, sales training seminars, project planning, benchmark analysis, and forecasting and budgeting. Designed and implemented computer applications including: customer database service frequency schedules, truck routing, customer retention surveys, accounting and commission salary programs.

EMPLOYMENT HISTORY

University of Michigan, Ann Arbor, Michigan Small Business Development Center 1996-present

As a United States SBA counselor I assist clients in sales and business development and other related matters including: Sales, Marketing, Manufacturing and Productivity Analysis, Regulations Compliance, and Regulatory Program Development.

MRT Environmental, Inc., Cleveland, Ohio 1992-1995

Co-founder, Business Development, Marketing, and Sales. A consulting and facilities development organization for environmental services clients in the health care industry. My responsibilities included: development of project opportunities and clients, sales personnel and training, advertising and promotion, and financial record keeping.

Pride & Barrow Industries, Inc., Dallas, Texas 1985-1992

Vice President - Sales and Development. $80 million subsidiary of a $3 billion public company. Created the new medical services division; integrated third year revenues exceeded $4.5 million and employed over 25 employees. Market development and direct sales management for all regional special services subsidiaries. Developed region's first comprehensive medical waste service organization by identifying and marketing to the healthcare industry an emerging service bundle of packaging, transportation, in-service training, and treatment of medical wastes. Serviced all sectors of the healthcare industry from physician offices through major medical centers.

Market Development Representative and Environmental Specialist. Analyzed new business development opportunities in all service areas. Municipal waste contracts, waste company acquisitions, landfill development, and expansions and ancillary specialty services. Responsible for training, sales functions, regulatory data submittal, and special waste stream permitting. Created computer applications and processing systems to maximize efficiency and minimize errors.

University of Michigan, 1998, M.B.A. candidate.

Notre Dame University - Graduated 1985. B.A. in Business Accounting and Economics. Completed a course of study for a B.S. in Chemistry.

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The long-term goal of COMPANY NAME is to offer temporary lodging, hunting, and vacationers get-away from all of the hustle and bustle of everyday life. COMPANY NAME specializes in personalized service, the historical nature of Trenton, Mo, and its unique location is one of the most attractive parts of Trenton. We plan to be more than a great lodging, hunting, and vacationer’s paradise. We plan to create an environment of leisure that surpasses the standard fare for Trenton and Jamesport. Expanding our exposure via the Internet and introducing Trenton and Jamesport to people that have not yet discovered this year-round paradise will allow us to maintain a higher than average occupancy rate and above average profits. Location COMPANY NAME is located in Trenton, MO. COMPANY NAME is just and hour away from Kansas City, Mo a vacationer has limitless vacationing option to please their palette. The Company COMPANY NAME is an established Motel Cabin, hunting resort, and has been in operation for the last six years. After taking possession and a brief period of getting established, we added a Ranch house to ensure a steady flow of patrons (hunters, tourists and locals) through its doors. The last owner purchased the property four years ago, and he wasn’t operating the business at full capacity. The grounds were poorly maintained and were in need of renovating.  This summer we plan on adding two new cabins, renovate current cabins, and add a play area for families with children. COMPANY NAME is a non-profit corporation under the INSERT NAME. Our Services COMPANY NAME was originally built in 2006. Each of our rooms is equipped with two double beds or a queen bed, and rooms with a second bedroom or kitchenette are available. The Ranch house also has on-site front desk service. A few of the buildings are currently being renovated with plans to complete and build two more cabins.  As the Ranch house gains recognition during the peak season, we plan to expand our services to the residents of Trenton and surrounding cities in time for the off-season. The large dance floor area is ideal for formal or informal gatherings (e.g. wedding receptions, club meetings, Christmas parties, family reunions, etc.).

The Market COMPANY NAME target market strategy is based on becoming a destination of choice for people searching for a rustic place to relax or recharge. The target markets that we are going to pursue are people or families looking for a vacation destination, honeymooners, family reunions, hunters, and drop-in customers. Our country style setting and facilities are a natural choice for hunters or families to visit, what with the having so many outdoor things to do. Our three major customer segments are tourists, locals, and hunters from all over the United States. Since the Trenton area is known for great hunting of elk and deer, and local patrons who need the facilities for various events. Subscriptions to various Web services will provide local and international exposure to potential customers for a nominal annual fees, plus we have a website  www.COMPANY-NAME.com The Ranch house would like to see a 30% increase in customers on a yearly basis for formal or informal gatherings (e.g. wedding receptions, club meetings, Christmas parties, family reunions, etc.). Financial Considerations COMPANY NAME will be acquired via a business grant with the new owner supplying and initial investment of 10% down. We are assuming an initial capital start-up, as shown in the Start-up table, for operating expenses which we have already contributed.  We estimate average monthly fixed costs, including operating expenses, as presented in the Financial Plan chapter below. Our peak and off-season traffic is fairly consistent and will not have a major impact on the monthly earnings as long as we maintain a 60% occupancy rate. As COMPANY NAME builds its market position among the local patrons, we anticipate that off-season revenues will be enough to break even during that season.

1.1 Objectives

Objective of COMPANY NAME for the first three years of operation include:

• Open the COMPANY NAME "turnkey operation" with existing bookings from the previous owners, and new bookings under an increased rental rate after possession.
• Exceeding the customer's expectations for hunting and vacationing accommodations.
• Maintaining a 90% occupancy rate each month.
• Assembling an experience and effective staff.
• To increase the number of clients by 10% each year.
• Increase exposure and market using Internet technology and direct advertising.
• Through incentives and increased exposure on the Internet, we endeavor to increase off-season occupancy by 30% the first year.
• Increase off-season use by expanding into other uses for property (cater parties, receptions, weddings, etc.).

1.2 Keys to Success

The primary keys to success for COMPANY NAME will be based on the following factors:

• Provide a facility that is first class with attention to detail.
• Give each guest a sense that he or she is our top priority.
• Retain our guests to ensure repeat bookings and referrals.
• Renovate to main a high standard in amities for our guest.

1.3 Mission

The mission of COMPANY NAME is to become the best choice in Grundy County for temporary lodging by expanding our exposure via the Internet (with multiple networks and links), and introducing the area to market segments that have not yet discovered this year-round hunter's dream. We plan to be more than a great Cabin and Lodge. We plan to create an environment of conveniences that surpasses the standard fare for Trenton. The guests will have every need met to ensure his/her comfort. For special occasions, catered meals, chilled wine, etc. can be provided for an additional fee. As COMPANY NAME gains recognition through the peak season, we plan to expand our services to the residents of Trenton, Mo and neighboring cities in time for the off-season. The main area can convert into a large area, ideal for formal or informal gatherings (i.e. wedding receptions, family reunions, Christmas parties, etc.). The outdoors, with its access to the mountains, and added play area for children visiting with their parents will open several additional opportunities. The Ranch house will be used for catered reception inside; COMPANY NAME will make events smooth and easy for the guests. The owner intend to see that attention to detail, customer service, and good food will be followed by a staff dedicated to each guest.

COMPANY NAME OWNER’S NAME INSERT ADDRESS Phone: Email: COMPANY NAME is located in Trenton, MO it holds 6 lovely log cabins, nestled in the woods just miles from Jamesport!

2.1 Legal Entity

COMPANY NAME is a non-profit corporation; under the INSERT NAME , lists of the officers are as follows. President - INSERT NAME Secretary - INSERT NAME Treasurer - INSERT NAME    Director - INSERT NAME

2.2 Start-up Summary

INSERT NAME (owner) has already made several small investments in the business. COMPANY NAME has acquired a lease option via a small personal loan with an option of owning the property once the grant funding is secured as part of her investment. 

Table: Start-up Funding

Table: Start-up

COMPANY NAME will offer customers six 1-bedroom units and two 2-bedroom units. All units have a kitchenette and 2 of the new units will be utilized as suite. Each unit is equipped with a queen bed and two of the six units have an additional twin bed. Trash and snow removal are optional and guest may request gift baskets for a small fee. A playground will be installed for families with children.

COMPANY NAME target market strategy is based on becoming a destination choice for families and hunters in the greater Trenton area who are looking for a place to relax, hunt, or recharge. The target markets that we are going to pursue are people searching for a vacation or hunting destination, and drop-in customers. We envision many hunters from all over the United States, as some do now, coming to stay and hunt in Trenton, Mo. The country setting and our facilities make COMPANY NAME a natural destination choice for people. COMPANY NAME will endeavor to produce a 30% increase in clientele on a yearly basis.

How to Write a Compelling Mission Statement

Most individual or corporate mission statements contain industry buzzwords, are so complex that no one can recite them, and do nothing to inspire. The more elaborate it is, the less likely it is understood and remembered. Having a clear and concise mission statement for yourself and your Company becomes your guiding compass as you journey through life. The following tips will help you write good sample mission statement and vision statement.

1. Your mission is larger than a job.

Ideally your job will align with your mission. For example, you could be employed as a teacher while your mission is education. To limit your personality and unique abilities to such boundaries causes a profound loss of identity when your job or career changes. The average person can expect to have seven employment changes in a lifetime.

2. Your mission is much more than your role.

We all have various roles we fulfill: spouse, parent, manager, friend...In our culture, men tend to define themselves by what they do professionally. Often, women define themselves by their roles or relationships. Linking your role to your mission places you in a vulnerable position because your role is likely to change--most notably through death or divorce. Who were you before your roles?

3. Your mission is not your To-Do List.

As Stephen Covey so masterfully points out in First Things First, there is a huge distinction between what is important and what is urgent. Most people fill their to-do lists with activities which appear to require immediate attention. When writing your mission statement, contemplate the big picture and focus on your core values. Develop your mission first, then list corresponding goals. Otherwise, you can be very busy following a to-do list without creating anything worthwhile.

4. You are already living your mission on some level.

Living your mission may not require massive changes. You can begin right where you are now. Increase your awareness daily of what's really important to you. What do you want to be known for? Increased focus allows you to receive, recognize and fully integrate your mission.

5. You are born with a purpose.

Everyone's life is important enough to warrant a mission. In the classic movie: It's a Wonderful Life, Jimmy Stewart portrays a suicidal businessman who experiences what the lives of his friends and loved ones would be like WITHOUT him. Mostly, we don't have this overview or the understanding of how interconnected we are. Every thought we have, word we speak and action we take affects the entire universe.

6. Your mission may not appear to be grand.

You don't have to be another Mother Theresa or significantly contribute to the Gross National Product. You've heard the saying: For want of a nail, the shoe was lost; for want of a shoe, the horse was lost; for want of a horse, the battle was lost. The blacksmith responsible for Paul Revere's horse's feet indirectly helped lead a nation to freedom. Positively affect one life and you can be considered successful.

7. Your mission is a perfect fit for you.

Your mission is not something you loathe doing. Years ago, I feared God would want me to be a missionary living in a grass hut and I wanted to postpone this event as long as possible. It was irrational. Think of this: what CEO in his/her right mind would have the sales team switch to accounting? When you are living your mission, you experience pure joy. It is not hard and does not involve suffering. Rather, it resonates with the essence of who you are 100%: at work, at home, at a party and alone. Accept a mission that fits you, not the needs or expectations of others.

8. Your mission is not the same as that of your peers.

While crafting your mission statement, temporarily disassociate yourself from your peers. We are often influenced by and take as our own the values and goals of those in our network, thus inhibiting self-discovery. This distancing will allow you to concentrate on what is important and unique to you.

9. Your mission is your true heart's desire.

You may be in a career that parallels your dream. I'd like to have a dollar for every magazine editor, advertising copywriter or reporter whose real dream is to be a full-time novelist. Go for the REAL THING. Ask yourself: Is this the highest thing I could do in my life?

10. Your mission inspires you to take action.

Great leaders can state their mission succinctly. Nelson Mandela's mission was to end apartheid; Mother Theresa 's mission is to show compassion to the dying. If you don't feel passionate about your mission, it isn't your mission. Choose action verbs that are meaningful to you. For example, my mission is to breathe, ignite and magnify personal power. Join the 1% of the people in the world who have a clear sense of who they are and where they are going.

Copyright © by Bizmove Free Business Guides. All rights reserved.

Resort Business Plan

Written by Elma Steven | Updated on July, 2024

How to Write a Resort Business Plan?

Resort Business Plan is an outline of your overall resort business. The resort business plan should include a 5 year financial projection, marketing plan, industry analysis, organizational overview, operational overview and finally an executive summary. Remember to write your executive summary at the end as it is considered as a snapshot of the overall business plan. You need to be careful while writing the resort business plan as you need to consider various factors that can impact the business’s success. Read the sample resort business plan in order to have a clear understanding of the process.

This article will provide you a step by step process to write your Business Plan. Get a free Resort Business Plan at the end!

You can spend 3 to 4 weeks trying to write your own Business Plan by browsing through free online resources or hire a professional writer for $2,000. There is a better way to do this-  Download our Resort Business Plan to write a plan in just 2 days .

Find out- Is Resort Business Profitable?

Executive Summary

Overview: Greg Jill is the owner and operator of Heaven’s Resort. Greg has worked in a variety of top positions in resorts and hotels across the United States. He is well known for his excellent leadership and commercial skills. Greg has always wanted to create a dream destination for travelers. In addition, he hopes to do so with his new enterprise by creating a world-class resort with exceptional customer service. The resort with its high-end opulent amenities will be every tourist’s ideal destination. Heaven’s Resort will be a dream resort in Santa Cruz, California which is just 10 minutes from Mitchell’s Cove Beach. Tourists visiting Santa Cruz will be our primary consumers. We will provide them with a dream lodging and unmatched service. Within five years of opening we want to be the best resort in Santa Cruz.

Mission: To offer genuine and lavish hospitality. Our notion of hospitality is making a difference in the lives of individuals we come into contact with every day. We do so in an environment that values all people and ideas equally. We execute it quickly and effectively, resulting in exceptional results.

Vision: Heaven’s Resort’s vision is to become a prestigious and worldwide recognized resort brand. We create lifelong relationships with our guests by providing exceptional service and fulfilling their ultimate vacation dreams. We are concerned about and respect the environment.

Industry Overview:

The resort industry remains a thriving sector driven by the increasing demand for unique and immersive guest experiences within natural settings. This field continues to experience significant growth due to the pursuit of eco-friendly and nature-immersive getaways. Challenges include harmonizing luxurious comforts with environmental preservation while meeting evolving guest expectations. Opportunities arise in creating innovative eco-friendly services, immersive guest experiences, and environmental conservation efforts. Heaven’s Resort positions itself at the forefront of this industry, poised to address challenges and leverage growth opportunities by providing a distinct, nature-centric, and guest-immersive experience.

Save time and write an executive summary using this trained executive summary writer .

Financial Overview:

Business Description

Business Name:  

Founder : Jacob Harris

Management Team:

Legal Structure:  LLC

Location:  

Goals: 

• To increase its revenue in order to remain profitable and sustainable
• To provide a high-quality experience to its guests
• To build a positive brand image through various means, such as by offering top-notch customer service and promoting its unique offerings
• To minimize their environmental impact and support local communities through various initiatives.

Products: 

[Mention your services in bullet points]

Financial Overview

Fund Usage Plan

Key Metrics :

Business Model Canvas

Organizational Overview

My name is Jacob Harris, and I work in the hospitality and tourism industry as an entrepreneur. For as long as I can remember, I’ve been utterly drawn by the appeal of stunning vistas, excellent lodgings, and outstanding hospitality. I decided to start the adventure of developing my own resort because I wanted to be able to provide guests experiences that they would remember for the rest of their lives.

I have a profound admiration for the splendor of nature, and I have always had a strong desire to work in the hospitality industry. With these two interests in mind, I painstakingly planned the layout of a resort that provides guests with an ideal combination of ease, relaxation, and excitement. Our visitors will find that every aspect of their stay here, from the building’s design to the services and facilities offered, has been meticulously selected to create a haven of tranquility and luxury for them. My objective is to provide a sanctuary in which people may get away from the stresses of regular life, rekindle their connections with the natural world, and make memories that will last a lifetime.

As the owner of a resort business, I have made it my personal mission to provide visitors with service that is second to none and to go above and beyond their expectations. I have brought together a group of devoted experts who are committed to realizing my goal of establishing an atmosphere that is kind and inviting. We make it a point to go above and beyond in order to give every visitor the individualized attention they deserve, to create experiences that they will never forget, and to guarantee that they will go feeling refreshed and content.

Industry Analysis

The global resort industry, a key segment of the broader hospitality sector, has been steadily recovering post-pandemic, with a projected market size of around $1.5 trillion by 2025. This growth is driven by the increasing popularity of leisure travel and the demand for all-inclusive, high-end vacation experiences. In regions like the Caribbean and Southeast Asia, known for their picturesque landscapes and favorable climates, resorts are experiencing significant growth in occupancy rates and revenue per available room (RevPAR).

Resorts are increasingly focusing on offering unique and personalized experiences to differentiate themselves in a competitive market. This includes themed resorts, wellness retreats, and eco-friendly resorts that align with emerging consumer trends. The wellness tourism sector, in particular, has seen a surge, with a growing number of resorts incorporating health-focused amenities and programs. Additionally, eco-resorts are gaining traction, appealing to environmentally conscious travelers through sustainable practices and nature-centric experiences.

Technology integration and sustainable practices are becoming essential components of the modern resort business model. Many resorts are adopting advanced technologies for streamlined operations and enhanced guest experiences, like mobile check-ins, virtual concierge services, and personalized room controls. Sustainability is also a key focus, with resorts investing in renewable energy, waste reduction, and locally sourced food to minimize their environmental footprint. These trends indicate a shift towards more responsible and technologically advanced operations, promising a robust future for the resort industry.

Marketing Plan

Content Marketing : Create a blog on your website on what you has to offer to prospective customers.

Discounts : Provide multiple rewards or incentives to frequent customers, you’ll be more likely to attract them. Create a member referral scheme, for example, where members get a discount if they successfully recommend someone.

Social Media: Engage and promote on Twitter, publish news on Facebook, and utilize Instagram to promote curated photos of your resort.

SEO (Search Engine Optimization) Local SEO makes it easier for local consumers to find out what you have to offer and creates trust with potential members seeking for what your resort has to offer. Email Marketing: send automated in-product and website communications to reach out to consumers at the right time. Remember that if your client or target views your email to be really important, they are more likely to forward it or share it with others, so be sure to include social media share.

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What we know so far about Trump Tower project for Moscow

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WASHINGTON (AP) — Confused about the business proposal to build a Trump Tower in Moscow? Join the club.

President Donald Trump’s lawyer-spokesman Rudy Giuliani and a disputed Buzzfeed News report have muddied the waters on exactly how long negotiations over the project went on. It’s a key question because Trump was pursuing the deal during the 2016 campaign while he was publicly calling for easing U.S. sanctions on Russia and as Moscow was directing a large-scale operation aimed at swaying the election his way.

Here’s what we know so far:

— September and October 2015: As a Trump Organization lawyer, Michael Cohen receives a proposal for a hotel, office and residential building in Russia that comes to be known as the Trump Tower Moscow project. One of Trump’s numerous corporate entities then enters into a letter of intent on the project.

— Late 2015: Donald Trump Jr. and Ivanka Trump are copied on emails about the project. In one email, Ivanka Trump suggests an architect for the building.

— May 4-6, 2016: Felix Sater, an executive who had worked on and off for the Trump Organization, and Cohen discuss having Trump visit Russia after the Republican National Convention. They also discuss the possibility of Cohen meeting in mid-June with Russian President Vladimir Putin and Russian Prime Minister Dmitry Medvedev. Sater said Peskov had invited Cohen as his guest.

— Aug. 28, 2017: Cohen submits to Congress a two-page letter about the Trump Tower Moscow deal, saying the project ended in January 2016, that he only discussed it three times with Trump, that he never considered traveling to Russia or asking Trump to travel there, and that he did not recall having contact with the Russian government about the proposal. All of those statements were false, according to court papers.

— September and October 2017: Cohen says in prepared remarks to the Senate intelligence committee that the Moscow deal ended “before the Iowa caucus and months before the first primary.” He says the same during testimony before the committee. Those statements turned out to be lies.

— Nov. 29, 2018: Cohen pleads guilty to lying to Congress. He says he briefed Trump and his family members on the Russia proposal through June 2016. Cohen says he lied to minimize the public understanding of Trump’s Russia ties, to try to limit the various Russia investigations and to be consistent with Trump’s “political messaging.”

— Dec. 12, 2018: Cohen is sentenced to three years in prison.

— Jan. 17, 2019: BuzzFeed News, citing two unnamed law enforcement officials, reports that Trump directed Cohen to lie to Congress about the Trump Tower Moscow proposal. The report does not specify what Trump said to Cohen or when he said it.

— Jan. 18, 2019: In a rare public statement, a spokesman for special counsel Robert Mueller disputes the BuzzFeed report. “BuzzFeed’s description of specific statements to the Special Counsel’s Office, and characterization of documents and testimony obtained by this office, regarding Michael Cohen’s Congressional testimony are not accurate,” spokesman Peter Carr says in a statement. BuzzFeed stands by the story and asks for clarity from Mueller’s team.

— Jan. 20-21, 2019: Giuliani suggests in TV interviews that Trump remembers conversations with Cohen about the project “up to as far as October, November,” or right up until the election. That would have extended the timeline for the Russian business deal well beyond what the president has publicly acknowledged. Giuliani also leaves open the possibility that Trump and Cohen might have discussed Cohen’s testimony. The next day, Giuliani walks back his comments, saying they “did not represent the actual timing or circumstances of any discussions.” He says his comments were “hypothetical” and “not based on conversations” he had with the president.

Associated Press writers Michael Balsamo, Eric Tucker and Michael Biesecker contributed to this report.