How many small business hotels are there in the US? Not a lot, judging by the recent economic slump. But small business is alive and well, even in this economy. And the restaurant industry is one of the most profitable ones. Let's take a closer look at this type of business.
So, how are they profitable for a small business? Well, first of all, they are not a very big business, at least not compared to the hotels. The two types of hotels that you can think of are bed and breakfasts and full service restaurants. If you take into account the number of rooms and baths per guest, then these two are the same. However, the small businesses have additional profits that the full services hotels do.
It is a bit odd, actually, that small business hotels are often looked down upon as being less profitable than other types of business hotels. However, if you look at them more closely, they are not really that much different from the typical hotels that we usually associate with. They are just smaller, and many of them are on the larger side. The difference is in the kind of atmosphere that is created inside them. Here are some ideas on what small business hotels typically offer:
Many different kinds of cuisine. Small business hotels are used more often by people who are traveling from out of town, because they can provide great meals at an affordable price. There is a lot of local flavor to be had in many parts of the US. Also, the small size of the business hotels allows them to serve amazing local fare. This makes a trip to a small town special, no matter where you are going.
A great place to work. Of course, the main reason that people would choose to stay in business hotels is because of the great benefits that they offer to their employees. They have terrific benefits packages, nice office space, great working conditions, and excellent benefits. They are also located strategically, so employees are close to the business center, and many also offer childcare services for their employees. These are all great perks for employees, and it is well worth the extra money that you will pay in return.
Meeting rooms and conference spaces. Business hotels are also a great location for business meetings and conferences, because many of them offer large spaces for seminars and conventions. They can easily hold hundreds of people, and often have the space and amenities for a professional seminar. There are also many small business hotels that are able to host small private conferences for their clients or associates.
The ability to work in a flexible schedule. While many business hotels are based within the greater metropolitan area, some actually come equipped with the ability to provide services outside of the city limits as well. You can find business hotels in every major US city, as well as many different types of cities around the world. If you want to be able to work . . . . . . from the comfort of your own hotel room, you can do so. Flexibility in time and location are important benefits of owning your own small business hotel.
Business travelers. While many people think of hotels as merely places to sleep when on vacation, business travelers often have more elaborate needs. Because these travelers are away from their home or business for long periods of time, they will need many different kinds of accommodations. You can find business hotels that are designed for conferences, hosting retreats, or even for storing and safe keeping of important or sensitive documents and materials. There are many different kinds of properties available, so regardless of what type of lodging you need on a daily basis, you will be able to find the property that best suits your needs.