Know about the Finance and Investments Terms

The hospitality industry globally is witnessing a shift towards more personalized and unique themes, categories and service modes. The hospitality sector has been booming in India with major players setting up shop in almost every market segment. When it comes to expanding your hotel and restaurant business, you should naturally look for the right funding option. 

You can consider a hotel loan for getting necessary funding for expanding your business. You can consider working capital finance to take care of your hotel or restaurant’s expansion-linked costs or other daily requirements. Bajaj Finserv offers business loans up to Rs. 30 lakh that you can avail at low rates of interest and that too with only two documents. You can obtain this loan within 24 hours. Just check your pre-approved offer here to get the process started. 

The right hotel loan will help you cover several key aspects of the expansion plan which include the following: 

• Buying/leasing property for establishment of new hotel/restaurant branches

• Building an entire network throughout several cities 

• Advertising, marketing & other promotional activities 

• New items, features, cuisines, chefs and other attractions for guests 

• Building a franchise model 

• Rebranding/refurbishment of brand theme, look and overall design

• Special activities/offers for clients 

• Costs of labour and other overheads (raw materials) along with utility bills and other expenses prior to the peak season

You can use the funds to cover working capital needs while also deploying them for expansion purposes. Always compare lenders prior to taking a final decision. Hotel/restaurant businesses require sizable capital for expansion and you can only ensure the same by applying for a business loan. 

Also Read: EXPANSION STRATEGIES FOR HOTELS AND RESTAURANTS