Do high end hotels make money? I’ve gone through almost every report from multiple sources but the numbers I see don’t have individual hotel revenue.
Where can I get this data? Ata public tax filings from these hotels hazipatikani. However, I do see that average room occupancy hovers between 40% - 70% depending on the season.
Quick math indicates that a hotel with 200 rooms each charging $200 a night (like the Fairmont Mt. Kenya Safari Club) could mint $20k a day at a minimum.
Watch Ben Mallah on Youtube to learn about real estate and hotels, especially in the jurisdictions you claim to be in. Thank me later. A $200/night hotel is high end in KE but mid-range in USA.
I have no interests in America. I’m mostly interested in the Kenyan context.
The reason I’m interested in Kenya is that high end hotels there charge as much as high end hotels in Europe yet labor costs are cheaper.
Specifically, I want to see Kenyan numbers (Hemingways Watamu, Hemingways Karen, Fairmont Mt. Kenya etc). I’m willing to pay for any data on revenue and profits.
The hotel business in western countries is pretty different.
[$200 is what one night at the Bellagio in Las Vegas charges. Hotel costs seem to be equal in my opinion between the two jurisdictions which means Kenya is a better bet because there’s a lower barrier to entry]
Yeap and that’s the data I want (privately owned ones). Franchises take 11% of revenue man. In any case, they must pay taxes. Where are these records stored? There’s nothing on the KRA website.
At this point just hire James Bond for some corporate espionage. Nobody will share such private info with you. Start by getting a friend at KRA. That’s where I would start if I really needed that information. @Uncle_wa_rangerover alisema he used to work at KRA. Grease some palms at KRA to get your hands on those precious financial statements. Alternatively, grease some palms at Big 4 firms because they prepare the financial statements for those hotels anyway. Although I would prefer the KRA route because you only need one access point for all hotels and GOK employees are easier to bribe.
