Our Corporation prepares and provides financing of building modern hotel complexes “Turnkey”.
In the sphere of hotel services is now possible to earn decent money. We recommend the opening of the hotel complex as a prospective Project that will bring considerable income. Practice shows that it is one of the most reliable and stable business activities. And they can start practicing in any locality.
In the hotel business, you have to invest money, but in terms of the various risks, such activity is quite safe. The number of tourists is increasing every year as the number of people who move within the framework of business trips. Even if your city is difficult to classify as tourist pearl, you can always earn on corporate clients. To make all turn out, our experts will prepare for you the business plan of the hotel complex and find a “flavor” to attract customers.
For the opening of the hotel it is advisable that place was in the property, but rent is also not excluded. For the construction of such object is necessary to issue properly land for construction, and then get all the approvals and permits, the state examination and only then start building.
During the construction of the hotel has a great importance its location. And it becomes even more important when the hotel opens an aspiring entrepreneur. Therefore, when choosing a place for construction should keep in mind that the most successful will be the place near the railway stations, bus stations, airports. Also, rational option for “dislocation” of the hotel will be its placement near the busy highway and international road transport corridors, next to the parking lots and gas stations.
The market of hotel services is quite perspective, and the main share of it falls on areas in which much-developed tourist infrastructure, which requires a considerable amount of seats for guests. But this does not mean that the hotel must be opened only in the tourist and resort areas. Cities that are not particularly attractive for tourists also require the services of hotels and mini-hotels, where you can stop to rest and spend the night.
The risks to which we pay your attention, and ways to avoid them
Modern hotel – this is not just a building. This is whole enterprise. Although, of course, the building and the property situated therein – one of the main objects of insurance. In the property section, as a rule, are allocated separate limits for various risks – for example, the risk of earthquake, fire or the Gulf, theft and so on. Separately allocated limits on the battle of glasses. To all mentioned are applied its franchise.
Peculiarities of partition of responsibility
Usually the responsibility of the hotel is covered for injuries that can be caused to guests in the hotel, and while relaxing on the hotel’s territory or during the tour program organized by hotel. The amount of coverage for bodily injury can be quite extensive and it depends on the imagination of the organizers – in the program include jeep safari, buggy safari, quad, ballooning and other outdoor activities. Separately covered food poisoning. Each compliance risk its limits for event (one person and aggregate per year). Should be noted, that well-known international hotels insure their responsibility for the theft of the property of guests, including money and jewelry, although, as a rule, always write: “the hotel is not responsible for ….” The fact is, who will bring a claim – because in the royal apartments poor people do not top, the weight of gold jewelry on the wives, which can amount to kilograms.
Breakdown of machines and equipment
The modern hotel complex – is complicated technical facilities with autonomous life supporting systems: boilers, emergency generators, pumping stations, water treatment systems, air-conditioning, firefighting, laundry, equipment for cooking and preserving food, expensive elevators and escalators, entertainment and sports complexes. All this equipment, of course, sometimes breaks down.
Besides of all aforesaid, as a result of the insured event the owners of the hotel can suffer losses due to his inactivity. This risk is also insured. Owners can also suffer losses from the dishonesty of their own employees. It is obvious that the owners would like to see a comprehensive insurance protection and not separate cover separately for each type of insurance. For this it was developed an integrated product.
The only exception in the complex product of insurance losses related to the terrorist acts. As a rule, such coverage is purchased separately and by specialized insurers.
When the service wins the guests
Professional underwriter’s abroad attitude towards such risks is not always positive. Some prefer not to participate in this business, because hotels are considering insurance as a risk with potentially very high responsibility – under the heading “Third party liability”. But there are nuances. It is necessary to distinguish business hotels from the holiday complexes, but they both may be five-star, and belong to the same world-renowned network. Much depends on the country in which the hotel is located. For example, in Saudi Arabia, even the thought of drinking alcohol followed by visit to the sauna or swimming pool is not allowed – not to mention such pastime, as a game in the casino with a further visit to the discos and predawn bath in the pool.
It is natural that risk of liability insurance of the Arabian hotel is very different from the same risk for any of the many hotels, such as Sharm el-Sheikh and the Turkish coast. This, incidentally, applies to food poisoning as well. Because it is difficult to prove whether the products were of low quality, or someone wanted to know what will win – a reliable, proven in the work organism, or a system of ultra-all-inclusive.
There is also a difference in approach to the insurance of the new hotel, which has not operated, and the hotel has been operating for ten years. Another question what risk is better.
In any case, the hallmark in insurance of the hotel business is a very large insurance amount – both to the hotel and on the loss of revenue. The total sum insured for material damage and loss of profits for insurance of one hotel can exceed half billion dollars.
At the same time, duration of compensation for individual objects can reach up to 24 months. However, for hotels are more common frequent small losses – for example, fires in the kitchen – large-scale insurance events from time to time occur. That is why participation in this complicated business can only major insurance companies.