Basic Concerns for Creating a Restaurant Plan at New Zealand |
Posted: November 25, 2020 |
New Zealand, is a land of tourism and spectacular scenery. Ever since, the Lord of the Rings shooting was done, by famous movies and directors, it is a huge magnet for visitors and sports enthusiasts. The land, where the famous 'Bungee Jumping' was invented and also skydiving was created. It is estimated that on average one million adventure sports tourists visit this heavenly island, to enjoy these adventure tourists. Of late, Indian tourists are making a beeline for this heaven on earth. To cater to this demand, many Indian hotels in New Zealand have been established, or are in the process of being set up.
Since, nowadays, many Indian hotels in Wellington, have come up like big chains like Taj. They have an exclusive cuisine, which is dealing with Indian tourists, like Jain food, which is pure vegetarian. Since, the bulk of global Indian travellers are Gujarat is, who are exclusively vegetarian, which are the majority, these hotels do an excellent business, by keeping vegetarian cuisine. However, new business owners and startups must realize that the New Zealand economy is very small. In recent years, there is a huge growth of Indian and Chinese immigrants in the land of Kiwis, particularly of students and IT professionals. They often go on domestic trips, since every part of New Zealand is a visitor paradise. Once, you go outside the premises of Indian hotels in Christchurch, then you will be able to see spectacular scenery and mountains. So, it is indeed a very exciting prospect for young entrepreneurs to venture into this exciting field. So, let us check out the steps, which new and fresh people require to commence their hotel business in New Zealand. 1) The entrepreneurs must have a plan. The business must have a very good plan. The businessmen must have an excellent idea of the exact market requirements, before venturing out on his own. For those, who don't belong to the hospitality industry, they must have an in-depth knowledge of the industry, by asking knowledgeable people about the hotel industry. For example, if the founder is looking forward to opening Indian hotels in Hamilton, he or she must have a proper idea about the target market, like what sort of tourists come to Hamilton, their composition, age group, etc. Different age groups will have different tastes, like old people may not need liquor, swimming pool, discotheques, etc. The entrepreneur must have a solid marketing plan, to attract customers to his hotel, throughout the year. 2) Hotel identity must be selected. The hotel identity must have a judicious selection, like a large hotel, a small hotel. Some Indian hotels in Tauranga are boutique hotels, which are small and might be in a historic building, or converted from some other industry. Likewise, family hotels often focus on the whole family and they usually have larger rooms, swimming pools, and extra beds. These family hotels are located very close to theme parks or other kinds of family attractions. For customers having a lower budget, like Indian backpackers, budget hotels are an excellent proposition. The rooms might be of a lower quality, and guests might often hear noises coming from other rooms. For those of you, who are in a position to splurge, they should avail luxury hotels, which are of five stars, or above, with prices exceeding 200 NZD a night. It is indeed expensive, but customers receive world-class services like spas, concierge, room service, etc. Therefore, the owner must decide very carefully, the kind of hotel, he wishes to set up. 3) The owner must decide whether he wants to purchase or build the hotel. If the owner, has more capital, then he should build the hotel, from the scratch, which will consist of all the facilities, he wishes to provide, like swimming pools, spas, etc. But it is an expensive proposition. As per recent estimates, the cost of creating a 2-star hotel from its inception exceeds 10 million NZD. If budget is a constraint, then the entrepreneur can purchase a standing hotel, for as little as 3 million NZD. But, the important point, to note is that once, the owner decides to purchase an existing hotel, the money will be spent on renovations and other accessories. The trick to starting with a small hotel, and to add to the facilities, as time progresses. 4) Acquire licenses. To start the hotel, it is essential, for the owner, to acquire the right kind of license, for it to operate legitimately. Different licenses, apply to different kinds of hotels, depending upon the local government regulations. 5) Acquire funding for creating hospitality establishments. If the business strategy is proper, then it is not very difficult to acquire funding in New Zealand. Many banks like Australia and New Zealand Bank, HSBC, Royal Bank of Scotland, give funding to young startup owners, or hotel owners. The rate of interest is as low as one per cent in some cases. Many young business owners, also seek funds from venture capitalists (VC), crowdfunding, angel investors. Eligibility criteria will vary from bank to bank, lenders, etc. However, in the depressed economic climate, banks are very careful, while lending, due to more and more nonperforming assets. 6) Hire and train employees and staff. As a business owner, the individual must need to hire and train staff. The staff must be highly trained and equipped to do all the work, day to day work. The staff will need to work at the front desk, valet parking, cleaning rooms, concierge, room service, and supervising the employees. The staff must have all the traits, which are desired by the owner. The employees, must reflect the brand and interact with customers daily and will show the firm, in the best way. Final Words As of today, all the top hospitality brands in the world like Marriot, Intercontinental, Accor, Hyatt, Hilton are present, which are catering to the huge requirements of worldwide visitors. Indian hotels are not behind in this race and are moving. In this article, readers will know how to start a hotel business in New Zealand.
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