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where should I start an hostel in Europe?:)

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Nyddolina started this discussion 16 years 11 months ago

Hi Folks!!

...weeell... I know it's a bit of a HUGE question.. but I was wondering if you could know differences between countries all over Europe.
Actually, i was thinking about Ireland. It really stole my heart:o but any suggestions are accepted:D

Let's say that I don't want to live in Italy anymore and want to move somewhere else. so dont think of Italy.

Thank you all,
and sorry for the vast question but I wanted to read your opinions in general about Europe's hostelling.

Ciao a tutti:p

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romandavydov

13 years

I used to communicate with a hostels owners in Kiev ( the only city where you can have a hostel ) and I found out that you can make money if you are the OWNER and not a RENTER , in low season you do not make money.
Also , soon there will be a few mega-hostels , big students houses. On Winter time you will probably will be unable to pay the rent.
Also , if a new goverment will make a visa law for the EU and North American tourists , then forget about business !
Actually the law project already ready , the only thing is it has o be confirmed by the parlament.
I do not think that Ukraine is a good country to open a hostel.

Peter,

it's absolutely not correct information. Porbably your contacts has provided you with falseinformation to not attract new competitors. Citizens of EU and US still no need visa up to 90 days - just fill small paper form on arrival and nothing more. But, main thing - YOU NEED KNOW LANGUAGE (Russian or Ukrainian) to communicate with local authorities. You can't conduct business a non-resident withour creating local company (and this company will become your truly problem).

To open hostel in Ukaine you need:

1. Become a fiscal resident (you can still be foreign citizen, but need to get local tax number and get permission to live here - tourists can not conduct business).

2. You need to learn Ukrainian or Russian language.

3. You need to buy an apartment of house forr hostel, because it is realy nosense to rent due to very high price in central areas).

4. You should be ready for lots of control from local authorities, especially from local health authorities.

Yes, Ukraine with it 46.000.000 citizens (most of them travel on budget) and about 20.000.000 tourists per year is a huge opportunity for hostel business, but you need to speak as a local, think as a local and act as a local. Country is safe, country is beautiful and interesting to explore - kind of exotic in the heart of Europe. BUT to conduct business here is very different from Europe, because of different language, different mentality, different business practices.

If someone want to get benefits from hostel in Ukraine it is better to find reliable partner and invest in your joint project to allow your partner to handle all local differences. But don't try to do so by yourself.

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Peter

13 years

If there are some options among East European countries , Kiev should not be a choice.
There is a Brasov , Bucharest , Riga , Warsaw , Wrotlsaw , Saraevo , Zagreb...and many other cities , which have much better potential ....
I I checked the quantity of tourists and the rent in Kyiv. The quontity of tourists is not so big and , to buy real estate or to rent real estate is - ridiculously expensive. If you invest money , there is no legislation , i think that legislation there is how to draw money from you...the same with a local assistants.
who will go to the country with nomadic appetites to take from your property ? in that communistic mentality where people did not learn to respect your private property and where more depends whome you know than what you do...
i even do not talk about 10 000 per month income which business people make legally in civilized countries , even if you make 2000-3000 per month , there will be a lot of lusty people with a big spoons to inspect your business. that is why , its not a good idea to buy ( the prices for real estate there - its a bubble and more expensive than in european capitals where price per bed is 15-20 euros, and much more tourists )
to rent is also not a solution
if you calculate that 6 months you work for the apartment-owner and another 6 months half of your money you give to the apartment-owner , than hostels running idea in Ukraine is not good one.
In my opinion - AGRICULTURE would be a very good money invest in Ukraine , but again
If there is a tendency to monoploization and no clear legislation , then it will be very difficult to run a business there for the western people.

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Peter

13 years

I would choose - PARIS !!!
its in France :-))

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romandavydov

13 years

I would choose - PARIS !!!
its in France :-))

Bon chance! :-))
its in French!!!

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Faisal Kazi

10 years

Anyone having ideas on the hostel occupancy levels in Budapest; how are the huge number of hostels doing in Budapest? Is it a good idea to open one there? Or is it too risky.

Thanks if anyone can help.

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Paulo Reis

8 years

On the best beach in Europe ! - Algarve, Portugal

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