Hi all,
We hope to open a 60 beds hostel sometimes this year. Our location is vibrant, safe and easy access. It's indeed in an expensive area, but we are targetting international visitors and students who are looking for an affordable accommodation in a nice area. It will be a family and friends operated hostel. However, none of us has experiences working in a hostel, so we are considering to hire 1-2 experience staffs to help us on the day to day operation.
I have some questions & any advises/helps would be greatly appreciated.:)
1) We estimate the break even point would be at 60% occupancy rate in the first year and 55% occupancy rate in the second year. Is this project too risky?
2) Normally, how much ROI% should we expect in the first 3 years?
3) How many percentage of the occupancy rate should we expect in the first and second year? Our location is in Washington, D.C.
4) How many staffs should we hire for a 60 beds hostel? Is it okey to have 2 staffs during the day and 3 staffs during the night time?
5) Should we hire a full time cleaning staff or should we use the maid service? It would be difficult to find a full time cleaning staff here though.
6) This might be a dumb question, but how often to do the cleaning each day? Is it enough to clean twice a day for the bathrooms & kitchen (day & night) and once a day for rooms & common area? How the daily cleaning schedule should be?
7) We are discussing about the laundry. Should we use the laundry service or should we do the laundry by ourselves? I feel like our hostel is small, therefore should we get the day-shift workers to do the laundry? If we decide to use our staffs, should we buy the commercial size washer/dryer? We have a very small space, so is it possible to have only one set of washer/dryer machine? Would one set of W/D be enough? Or we should have 2 sets of W/D for guests and employees separately?
8) For the 60 beds hostel, should we separate the bathroom for men and women? Or we should do all mixed (full) bathrooms.
9) How many toiletts and showers are proper for the 60 beds hostel.
Thank you so much for reading & I would be very appreciated any advise.
N.
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