10 years
Hi Hakbong,
I don't have much specific information about operating in Italy or Spain, but this thread might be a good place to start your research since you don't have previous experience in the hostel industry.
Hi everyone, I'm Hakbong from Korea (South, not North please =P).
I'm very interested in running my own hostel in Europe, preferrably Italy (Rome, Milan, Pisa) or Spain (Barcelona).
I'm looking to invest roughly US$200,000 in the next three years.
I have literally no experience in the industry (I'm currently in the insurance field) so I'll need a lot of help if I want to make it happen.
To sum up some of the things I'm interested in,
- Legal requirements : are there any legal restrictions regarding foreigners doing business in Italy or Spain?
- Location : any specific locations (in Rome, Milan, Pisa, Barcelona) I should look at or any specific locations I should avoid?
- Size : what would be the ideal size of the hostel, given my capital?
- Return on investment : I know this would depend on a lot of factors, but what would be a ballpark ROI figure?
I'm sure I'll have more questions as I learn more, so I'll look forward to the tips and comments!
Thanks!
10 years
Hi Hakbong,
I don't have much specific information about operating in Italy or Spain, but this thread might be a good place to start your research since you don't have previous experience in the hostel industry.
10 years
Hey Brian,
Thanks for the tip mate! So much information to gather and so much to learn but it's great fun =) I'll keep digging and I'll try and add other useful stuff if I can.
Cheers,
Haky
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