Are You Interested In Owning a Hostel?

Lately, I have become more and more interested in hostels and possibly running one of my own one day. Just in case you didn’t know, a hostel is sort of like a hotel, except that instead of owning being able to rent rooms, you can rent a bed or bunk bed as well if you want to save more money. Sometimes bathrooms are shared, or you can pay a little bit of extra money to have your own bathroom.

Also, if you rent just a bed, you might be in a bunk bed, and you will be sharing your room with multiple other people who you do not know.

Are You Interested In Owning a Hostel?Sounds scary, but I know plenty of people who only like to stay in hostels. This is because the social environment at a hostel is something that many people love. Whether you are traveling alone or with others, it is usually a very sociable environment and you may make some great friends.

Below are different areas you should think about before you start your own hostel:

Will you need a license?

Before you own a hostel, you should look into the local laws of the area in which you are interested in placing your hostel. You cannot just buy a house and place people in the different rooms most of the time.

You will probably need a license, and you will need to make sure that the building is zoned correctly for it.

How do my customers keep their items safe?

Since most of your business will probably come from people renting bunk beds and dorm rooms, you will need some way to keep their items safe.

One way to do this is to invest in lockers for each guest.

Will I need to cook food?

This is really up to you, some hostels have pay-for-meals at their hostel, whereas others do not. However, you will need a kitchen though as people will probably want to make some of their meals. This means that you will also need tables, chairs, at least one refrigerator, pots, pans, eating utensils, and more.

Will I need a laundry room?

It is a very good idea to invest in a laundry area for your guests. Most of these people probably travel extensively, and they will want to wash their clothing.

Where should you be located?

The best spots would probably be near high traffic areas. Think popular destinations, high trafficked streets, highways, and more. You want people to be easily able to find you and easily able to reach you most of the time.

Would you ever own your own hostel? Why or why not? 

Image via Flickr by roomsdeluxe

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  1. Simple points, my family owned one and they used to hire someone to cook only on special occasions, they would do only a quick breakfast most of the times but not full sized meals. Am planning to have my own one day

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