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Backpacker’s Hostel Chain Business

Backpackeru2019s Hostel is an accommodation service on a minimal budget particularly for people who love to travel. This concept of Backpackers Hostel Business is of sharing/ co-living, which has been taken from normal hostels, while amenities will be equivalent to hotels. It will help travelers in saving some money as well as gaining experiences from a more diverse group of people. According to the Tourism Industry Report, the total contribution by India in the world travel and tourism industry is expected to increase from US$ 196.03 billion in 2019 to US$ 408.21 billion in 2024. As the numbers of international travelers are growing from the United States, Russia, Europe, Japan, and domestic travelers, India will witness new growth in tourist services.

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Backpacker’s Hostel Chain Business

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  1. Backpackers Hostel Chain Business Available Reports on this Title – • Business Feasibility Study Report • Business Model • Project Report • Business Plan • Detailed Project Report • http://meticulousbplans.com/product/backpackers-hostel-chain-business/

  2. Executive Summary and Analysis • Backpackers’ Hostel is an accommodation service providing on a minimal budget particularly for people who love to travel. • These days 70% of travelers are young under the age of 35 and travel on a minimal budget looking for convenient and low-cost decent accommodation. • As the number of travelers are increasing and forecasted to grow in heap, the hostel stays can become a more preferred option for budget concerned people. • As per MBP analysis, the demand for lavish hostels, affordable services, convenient locations, and extended facilities along with cheering ambiance is growing; and this concept of accommodation will cater to the needs of every age group.

  3. Competitive Advantage & Pre-requisite Pre-requisite Revenue Generation Skilled Employee High Growth Feasibility Eternal Market Business License 3 4 2 Online Presence Competitive Advantages 5 1 Required Technical Expert Urbanization Market Potential Land & Location

  4. Market Dynamics • Growth Drivers • Opportunities • Increasing tourism owing to rich historical culture, ecology and natural beauty across the world. • Affordable cost for solo travelers. • Increasing demand for low cost accommodation. Challenges • Threats • Increasing couch surfers. • Well-established competitors. • Maintaining the cost and service. • Maintaining security.

  5. Financial Summary • Project – Backpackers Hostel Chain Business • Services– Accommodation, Food • Initial Investment – 4-5 Crores INR • Capital Investment – 2 Crores INR

  6. Project Profile – Project Details Product Portfolio Manpower Required Legal Requirements Backpackers Hostel Chain Business Skilled & Executive Employee Business & Industry Requirement Employment Generation List Services Skilled Personnel – XX Unskilled Personnel – XX Supervisor – X Operator -X Admin Executive – X (Admin, HR, Account & Finance) Marketing Executive – x (Sales & Marketing) Director – X (Admin, Operation, Marketing & Finance) PAN & TAN MSME Registration Shop Act GST FSSAI XXX XXX XXX XXX XXX • Accommodation • Food, etc.

  7. Start-up Budget and Operation Details Slide Title • Budget (INR) • Pre-operative Expenses – XX,00,000 • Fixed Capital – XX,00,00,000 • Working Capital ( X Month) – X,00,00,000 • Total Investment – XX,00,00,000 • Cost Per Bed – XX INR • Price Per Bed – XX INR • Profitability – XX % • BEP – XX Years • ROI – XX % Operation Details Operation – 1st Year – XX%, Second Year – XX% and 3rd Year – XXX% Working Days – X00 Per Annum Land Requirement – Commercial Land Area Required – X Acres Power Requirement – XX – X00 Kw (x Phase) Water Requirement – XX,000 LPD

  8. Recent News(Timeline) & MBP Analysis • According to Hotelivate’s Indian Hospitality Trend and Opportunities report, despite headwinds, hotel industry sees steady growth. More than one-third of the hotels saw an occupancy of 70-80 per cent between 2018 and 2019.

  9. Thank You Meticulous Business Plans For detailed reports and plans, Contact us on Following Details.

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