Hotel Business In Tampa
by Abdul Aziz Mondal Business Published on: 10 February 2021 Last Updated on: 07 November 2024
The city of big guava, large beaches, wild animals, zoos, and lots of museums, Tampa, is one of the world’s most popular traveling destinations. However, the city approaches a lovely and relaxing warm nature, which is the biggest reason this city is loaded with thousands of tourists every year.
If you belong to this wonderful city, then you have a great opportunity to start your business and earn lakhs per month. We are talking about the hotel business. Every year, the city hosts lots of travelers who arrive there to witness the highlights of the city, including the Sunshine Skyway Bridge, the big cat rescue zoo, regional parks, beaches, and many more.
However, it is such a difficult task to start a hotel business, even for the locals. Here we are going to help you with some brilliant tips to start a hotel business in Tampa.
Why Start Hotel Business In Tampa? Key Facts and Figures?
Recent reports on Tourism in Tampa highlight the wave of positivism for the enthusiasts who cuddle their dream of starting a hotel business there.
Hotel Occupancy And Collections
The hospitality industry in Florida continues to outpace rapid growth. The March collections were an impressive $7,290,274.
The best and the most exciting news is that these figures are a massive 7.3% increase compared to that of the previous record set for the March 2023 financial year.
It is now the second-highest collection ever that Tampa has extracted from tourism sectors.
In addition, the collections for the 2024 fiscal year are $32,035,007. It’s merely the halfway stage!
The figures are a reflection of the high hotel occupancy rates and rolling economy.
Moreover, Tampa’s taxable revenue in March this year (2024) reached a healthy $121,501,863, showing high promise for the hotel industry in the future.
This figure is also 7.2% higher than that of the 2023 financial year. With an occupancy rate of around 81%, the Tampa hotel sector continues to smile and perform consistently.
Demographics Of The Visitor
If you observe the demographics of Tampa’s visitors, you will probably get an indication of the type of hotel that you must focus on.
Between 2019 and 2023, the percentage of households or families with children visiting the place increased from 25.9% to 27.1%. With increased household earnings, the visit to the city’s downtown has observed a sharp increase in recent years. At least the earnings revealed this fact.
Tampa has attracted not just retired people but also millennials. The price range and amenities that the place offers mainly attract the high-income segment. If you are considering initiating a hotel business in Tampa, you must keep the age group in mind.
Tips To Start A Hotel Business In Tampa
In Tampa, the hotel business, as we discussed above, continues to strengthen in the time to come. At least the figures reflect the very observation.
Yes, if you are looking to start your hotel business in Tampa, then the opportunities for you are quite ripe, without question. However, the thought of beginning a hotel in downtown tourist hotspots like Tampa, Florida, and implementing it in reality is not the same.
There will be obstacles and challenges galore. But if you are resolved to start one, the challenges are not undefeatable. However, you must be aware and full of knowledge and awareness of the hotel sector in Tampa right from the beginning.
However, in this section, we discuss some of the tips you can follow to start your own hotel in Tampa.
1. Choose A Well-Known Location:
A well-known location is the first priority of a hotel business. Imagine if your hotel is far away from the city or city highlights, then no one will prefer to stay in your hotel. Therefore it is essential to choose a specific and popular location.
However, it may cost huge for the first time to own a property in the main town, but we assure you that you will start getting a return in a few years. Try searching the property for your hotel near Tampa Airport, or you can also prefer the areas near popular highlights, including the Big Cat Rescue museum, regional parks, beaches, Tampa Riverwalk, Lowry Park, Florida Aquarium, and near to Ybor City.
Find Luxury Furniture And Appliances
Your hotel appliances, furniture, and comfort level should be luxurious enough to set a hotel business standard. Once you find the perfect location for your new hotel business, then it’s time to purchase the accessories and furniture.
The high quality and gorgeous appliances and furniture are highly suggested. Hence, you have to invest a significant amount during start-up, but keep one thing in mind, you have to set a standard of the hotel business. Only then can you start earning millions.
3. Shifting
Once you have done with the luxury accessories, now find the best moving company to transport them from shop to your new hotel. In today’s world, it becomes straightforward to find the best services near your location. Just search on Google moving companies near me, and get hundreds of options. Do not forget to read the previous customer reviews to compare the best services from hundreds of companies.
4. Hire A Professional Team
The next step is to hire a team of professionals in the hotel management field. The luxury service didn’t only depend on the accessories or furniture, as your staff behaviour also needs to be friendly and supportive. However, hire a team of the best chefs for your hotel kitchen to deliver delicious cuisines to your guests.
5. Add A Self-Care Zone In Your Hotel
The major reason for traveling is to get a holiday from the stress of daily workloads. The people staying in your hotel are in search of relaxation. Therefore, it’s a great idea to add some self-care departments or services to your hotel. It can be a relaxation spa, pool, open garden resort, and pet area filled with friendly, cute, and good-looking pets.
Add cats in your pet area as cats and puppies are the most friendly pets. Allow people to play with their pets to find extreme relaxation. Give a cat grooming brush to your guest, as grooming a cat’s hair is one of the best ways to stay calm and relaxed.
6. Offer Ride Services
Guests coming from different countries will need a cab or taxi to wander around the city. Therefore it is also a great idea to serve ride or tour services to your guests. However, it’s an earning opportunity also. When your guest searches for movers near me, your hotel name will pop up on the top of the list. They will appreciate this service.
Final Thoughts:
Here are the best hotel business tricks, if you adopt these then we assure you are going to earn a vast amount. However, your luxury services and comfort level offers have the power to attract more potential guests. Apart from these tricks, do not forget to promote your hotel business on various platforms. Apply both digital and manual marketing methods to advertise your luxurious hotel in Tampa.
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