Tag: housekeeping

Hostel profitability and staffing compared to hotels

Author: Carl Michel

Categories: Alternative Accommodation, Investment
Tags: hostel, housekeeping, PAris, profitability, staff
In terms of profitability, hostels rank very high, because already the revenue generation is very strong given the bed density, and because our costs are actually much lower – typically for instance we’ve just opened up our Paris hostel with nine hundred and sixteen beds, and that’s staffed by forty five people, so the ratio [...]
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