Business Opportunities in Hotel Industry in the UK
Tourism is one of the main industries in the United Kingdom. It is more than 8 percent of England’s GDP; 10 percent, Scotland; 4 percent, Northern Ireland; and 13 percent, Wales. Tourism also helps generates jobs and business opportunities for both domestic and foreign workers. By 2020, it will provide close to 3 million jobs.
If you decide to get into the UK tourism industry, there’s no better time to start than now.
What types of opportunities you can take advantage of? Here are some ideas:
Create an online business directory. Thousands of local and foreign tourists like to search for accommodation options like hotels online since it saves them time. You can create one for them. You earn through published ads.
To make your business directory credible, coordinate with the top hotel associations in the UK such as British Hospitality Association and those found in counties like Portsmouth and Southsea Hoteliers Association.
You can also come up with a hotel search engine and allow travelers to search hotels online based on their preferences, such as price, type, and location. Hotels may provide you with a commission for every referral you make from your website.
Since there are several hotel search engines online, your challenge is how to keep your visitors coming back. To do that, don’t forget to provide with promos such as discounts and rebates during lean seasons for their online hotel booking.
Open up your own accommodation. Do you have an idle property? Why don’t you convert it into one of the hotels accommodation options in the UK? Yours can be one of the cheap hotels, usually searched by backpackers or solo travelers. These include inns, motels, and hostels. If yours is found near the metro, you can compete among the existing city hotels. If you have the money to burn or can find a good partner, there’s a possibility of putting up one of the UK luxury hotels. Hotel resorts are also well loved by locals and foreigners as the hustle and bustle of the UK urban life can be toxic.
Hotels near popular attractions are usually the most sought after.
Open up your own pubs and bars. UK music, food, and fun-loving people are several reasons why nightlife is very much alive in the UK. And with millions of people visiting every year, creating a pub or a bar of your own is certainly a good business opportunity. You earn not just through food and drinks, but also through events management and promotions.
You can even make it more profitable by setting up a bar or a pub within or near hotels in the city.
Just a note, though. Never ignore the UK rules with regards to alcoholic drinks. You also need to secure a license before you can sell them or even operate your bar.
Cater to businesspeople. Hundreds of conferences are being held in the UK, but a lot of them are in hotels, since they are the ones that offer the most comprehensive facilities. Offer a cheaper alternative to them without compromising on quality service and facilities.