17 years
Yes, I tried to unzip but for some reason it kept sending me back to the log in page. A bit confusing......
Opening Hostel in Canada
Start a Hostel
Hi guys;
some questions about starting a hostel in canada:
1) Any recommondations on what city to start with?
2) Is there still a market for new hostels in the 3 cities of Vancouver, Montreal, and Toronto?
3) Any other places out there that could use another hostel?
4) Is managing/owning a hostel as profitible as it seems?
5) Will I have to keep my day job, or is it possible to make a very solid living just from 1 hostel with capacity of 35 to 50 people?
Thanks for the feedback
- Comments
17 years
OK... sorry about that. I just uploaded a non-compressed version -- click the following link to download:
http://www.hostelmanagement.com/files/hostel_projection_spreadsheet.xls
Let me know if it doesn't work...
17 years
Calgary would be a great place to start a hostel. There are only two which are almost always booked out, and one is shutting down soon due to the lease expiring.
Wherever it is, ensure there is a demand throughout the year, not just in summer.
Owning a hostel can be profitable if it is large enough. Hostels with a capacity of less than 30 can struggle though.
You may want to keep your day job to have a dependable income, but running a hostel involves putting in a lot of hours. If your day job has a huge income, it may be worth keeping it and hiring a manager at the hostel, but don't expect to have a life outside of work/hostel.
Still, it's worth it.
17 years
Calgary sounds like a great place. Isn't it close to the Canadian Rockes?
I've only been as far as Edmonton (winter camping trip), but I want to check out the Canadian Rockies...
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