How to open a youth hostel, what conditions are needed?

Before you start, you should make a feasibility assessment, especially:

1. Evaluation of the selected property (applicable to leased or rebuilt property): whether the property right is clear, the lease term (at least 10 year), the structure and function, and the depreciation degree of major equipment (air conditioner, boiler, fire fighting, elevator, heating, etc.). ), whether there are independent passages and facades, etc.

2. Tourist source structure, what is the main market and positioning of the inn. (What kind of guests are the target market, source analysis, the purpose of the guests coming here, the main public transportation facilities of the guests, etc. );

3. Market environment: the distribution and operation of similar or similar accommodation facilities around, and whether the location of the hostel meets your market positioning. Is public transportation convenient? Are there any scenic spots, historic sites and cultural relics nearby? Are there any bars and entertainment facilities nearby? Are there any daily services (such as supermarkets and snack bars) nearby? Is it near the city center? If you want to position your hostel as a city hostel).

4. Advantage analysis: the relationship with relevant departments, the relationship with relevant organizations and groups, and whether there is experience in receiving young students and backpackers. Whether other resources are available. In addition to these, we should also consider the characteristics of the hotel. Many times, every hotel has the same service. At this time, characteristics become the key factor to determine the outcome.

5. Factors that should be considered in the return on investment: income: bed (room) income, catering income, organization activity income, other expenses: property rent, membership fee, salary, depreciation, equipment purchase, equipment maintenance, loan interest, publicity and promotion, other cash turnover: cash budget for the next five years. Make a complete plan so as not to cross the river by feeling the stones.