Today’s customers expect to see more for their money, especially with the digital era providing such an easy means of competition, comparison and rapid booking. Boutique hotels are a key growth area, with visitors prepared to pay a premium to stay in independent, beautifully-designed hotels that offer a superb experience and luxury stay. At the budget end of the market, affordable chain hotels and B&Bs are finding that the internet gives them a way to attract new customers through flexible deals, thereby increasing occupancy, lowering marketing costs and offering a direct route to market.
Investment is key for hotels and the costs involved in running a hotel or guest accommodation can be extremely high. Not only are there premises to maintain but also refurbishments must be carried out to a high standard and be repeated regularly to maintain the look and feel that customers expect for their money. The operational costs of staffing, utilities, stock and insurance are also high, and effective utilisation of rooms remains key for running a profitable business. This requires careful and strategic planning, with a focus on digital channels and directory listings.
Ambitious business plans do not come without the need for finance, of course, but most business owners will be reluctant to deplete working capital and remove their business’s safety cushion. What are the options?
Accessing vital finance
Big high street banks are still reluctant to extend business loans; however, Century Business Finance offers loans specifically designed for business.
An easy process
Our quick application process takes just five minutes via an online form. We do not require any meetings of complex paperwork.
Get in touch
Our helpful team is on hand to answer any questions you might have. Alternatively, complete the online form and receive a decision within 24 hours.
Whatever your business need, the right kind of flexible finance is available to you. We’ll carry out a needs assessment based on your requirements and circumstances and advise on the loan products we can offer you. Our team are experienced, helpful, friendly- and they don’t speak in jargon!
Get in touch for a no-obligation chat today and secure the business finance that you need.