Together with a friend of mine we plan to open a hostel in Poland (ca. 40-45 beds in dorms and private rooms) somewhere in the spring 2015. After having identified a property that seems to suit our purpose, the time has come to do some more detailed budgeting work.
Among many cost items there is one that is difficult for us to evaluate without having insight into the real figures. I mean costs of reservations done through online search engines which depend on how many guests make their bookings with their use.
Would some of you be so kind to share with us how does it work in case of your hostels i.e. what is the share of the bookings done through the OTA’s vs. guests coming straight from the street or making reservations on your websites or by phone.
Other issue that bothers us is the potential structure of the operating expenses. Based on our indicative assumptions rental payments will be the biggest single item followed by laundry & cleaning, costs of food (basic free breakfasts) and brokerage fees charged by OTA’s (?). Are we missing something? Would you please be so kind to give us the feeling how the cost structure might look based on your experiences?