₹4,999.00 – ₹71,999.00
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Business Feasibility Study Report(BFSR) + Business Plans(BP) | ₹71,999.00 | instock |
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Business Feasibility Study Report(BFSR) + Project Report(PR) | ₹62,999.00 | instock |
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Detailed Project Report(DPR) | ₹49,999.00 | instock |
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Business Plans(BP) | ₹59,999.00 | instock |
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Business Modelling(BM) | ₹4,999.00 | instock |
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Business Feasibility Study Report(BFSR) | ₹19,999.00 | instock |
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- Description
- Additional information
- Business Feasibility Study Report
- Business Modelling
- Business Plan
- Detailed Project Report
Description
India’s travel and tourism industry offers a diverse portfolio of tourism sector like cruises, adventure, medical, wellness, sports, MICE (Meetings, Incentives, Conferences & Events), eco-tourism, film, rural and religious tourism. India is known as a spiritual tourism destination for domestic and international tourists. India has a rich cultural and historical heritage, variety in ecology, terrains, and places of natural beauty spread across the country; and such diversity is showing the potentials to India’s travel and tourism industry which is predicted to grow.
India is a digitally advanced country in tourist planning, booking, and experiences. The spending capacity of Indian middle class and increasing disposable incomes have continued to support the growth of domestic and outbound tourism. The tourism industry is also looking forward to the expansion of the E-visa scheme, which is expected to double the tourist inflow to India. Total contribution by the travel and tourism sector to India’s GDP is expected to increase from US$ 196.03 billion in 2010 to US$ 408.21 billion in 2024.
The market for global tourism is highly fragmented, and it has a low level of attention as there are large numbers of international and local players in the tourism market. Although International & domestic hotel chains are increasing their presence in the country, the economic/ low-budget travelers’ or backpackers’ percentage is much higher compared to high-class travelers. So, what travelers’ need these days are convenience and low-cost accommodation; and these factors are adding a huge potential for the nascent private hostel industry.
What exactly is backpackers’ hostel?
It is an accommodation service provider on a minimal budget particularly for people who love to travel, which basically works like a chain business of equipped & theme-based hostels mapping all around the country or certain region having all basic amenities. With a huge potential market, Backpacker hostels in India are gaining popularity among young travelers in India.
The contribution of Indian travel & tourism sector is 3.4% of the world, which brings India to the 7th position in 2019. Moreover, India has the world’s largest population under the age of 35, accounting for 2/3rd of its 1.2 billion who travels, socialize and explore more. This shows us that the market for Backpackers hostel is progressing; and to cater to the need of travelers’ accommodation, investors and venture capitalists are positive. So, if you are thinking of starting a business, then you should consider starting backpacker’s hostel services providing business/ chain.
Additional information
| Select Report Type | Business Feasibility Study Report(BFSR), Business Modelling(BM), Business Plans(BP), Detailed Project Report(DPR), Business Feasibility Study Report(BFSR) + Project Report(PR), Business Feasibility Study Report(BFSR) + Business Plans(BP) |
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Business Feasibility Study Report
The young generation is preferring small trips these days be it weekend trip or some celebration or just for a change from routine. Although the market is momentous, is it really heading in right direction? Is it worth to get in this business? Is it profitable Afterall? For all possible questions this report assesses the feasibility of developing a hostel chain in any region of the world.
This report is an analytical tool that incorporates recommendation & limitations, which assists to determine the hostel chain viability. The Business Feasibility/ Viability Study is performed to support the decision-making process based on a cost-benefit analysis of the business. It is a strategically designed informative document which will manifest Opportunities along with the limitations about the Backpackers Hostel Business and will support in identifying the project viability. The business is viable/ feasible only when it claims to make profits for a longer period and sustain. The longer a company can stay profitable, the more the project is viable.
Our report will provide all the statistical data on the legal, technical, social, economic, and many more factors; which will help you in determining the business feasibility/ viability. It also offers a past performance of the business and industry, such as a description of the product or service, market insights, current trends, details of management and operations, financial data, legal requirements, etc.
Report Highlighting Point:
- Business Feasibility: Study of Micro and Macro elements of the Business.
- Market feasibility: Includes Market Insights, Market Potential for the Product and/or Services, etc.
- Technical and Financial Feasibility: List of Plant Machineries/ Equipment, Laboratory Setup, Calculations on Operating Cost, ROI and BEP.
- HR and Infrastructural Feasibility: Location, Building, Utilities, Manpower Requirement, etc.
Business Modelling
Business Modelling is a method of identifying the best process or model for the business, and it is one of the most essential and differentiating steps of Business Planning. Our Business Modelling report will help you understand the most sustainable, potential, profitable business models for Backpackers Hostel Chain Business, which will simplify all important points about those models one by one. The other highlighting points for this Business Modelling Report are overall views upon;
- Size and Potential
- Target Markets
- Legal details
- Costing and Pricing
It also shows the advantages of entering in this sector. Furthermore, it serves the purpose by explaining who your customer is, what value you can create/add for the customer and how you can do that at reasonable costs.
Report Highlighting Point:
- Business and Concept
- Market Research and Analysis
- Feasible Business Models
- Budget Calculation for Each Model
Business Plan
The market for hostel chains is growing, so is the competition and to become a successful business and to stay ahead of the competition, one needs to have a great business plan. A business plan is a document which describes the overall business, its products or services, revenue model, strategies, human resources, financial analysis, operations model, and other details that are essential for the success. A good business plan can go a long way to eliminate the odds of failure. It serves as a road map that provides direction to the business.
The innovations in technology are supporting the demand-supply and growth of the Tourist Stay services. And for studying those demanding figures, we need to prepare an effective business plan with comprehensive information from different business regulations. (Which are production plan, operational plan, SCM plan, sales, and marketing plan, administrative plan, etc.)
Our business plan will help you in
- Finalizing the best-fitted model
- Determine goals and areas
- Details of every department of the business.
- Raising money for business
- To identify potential weaknesses
Report Highlighting Point:
- Elevator Pitch
- Business Overview: Market Dynamics, Market Size, Market Potential, Strategic Analysis using Porter’s Model, PESTLE Analysis, SWOT Analysis, BCG, ETOP Analysis, etc.
- Project Details: Company Description, Goal Setting, Legal Requirements, Production Process, Logistic and SCM, Sales and Marketing Plan, etc.
- Financial Analysis: Includes Capital Budgeting, P&L Statement, Balance Sheet, etc.
- Business Projections over 5 years
- Milestone and Timeline Planning.
Detailed Project Report
Backpackers Hostel Chain Business is a trending business and has a potential to grow extremely in coming future, but to become established hostel chain needs certain investment and understanding of the market. Our Report presents a realistic approach towards minute details of the Backpackers Hostel Business. It is a document which will provide you information on the overall understanding of the proposed business. DPR is nothing but the absolute informative document which will help you gain all the knowledge and help you explain the project to all the stakeholders. It explains details gathered for Economic Analysis, Technical Analysis, Financial Analysis, Social Analysis, Managerial and Production/Technological aspects of the Backpackers Hostel Chain Business.
It initially serves the purpose of structuring
- Serves as a Master Plan
- Describes Direction / Road Map
- Shows Feasibility
- Forecasts Requirements
- Indicates Profitability
- Helps in Decision Making
Thorough information from various areas for unilateral fulfillment.
Report Highlighting Point:
- Project Details: Pre-requisites, Project Implementation Plan, Mech-Structural Plan, Sales and Marketing Plan, Manufacturing Process Flow Chart, Personnel Requirement.
- Financial Analysis (5 years): Capital Budgeting, Financial Ratios, etc.
