THE MODERN BUSINESS HOSTEL LMTDA concerns the rehabilitation of a dilapidated building which is located in the Center of Lisbon city. This building can be transformed into either an hostel or for short term rental or into apartments that can be sold.. Right now it is two storied building but the Town hall has confirmed that with a different kind of construction a permit can be granted to transform the present storied building into a 4 storied building with 8 apartments.
Over the last few years Portugal has been doing very well not only in tourism but also In Business.
Different studies show that this tendency will grow more within next years. It is the right time to step in as the potential for creating a new type of accommodation in Portugal – the “Business Hostel” – a hostel targeting business travelers, is very promising.Through three relevant strategic analyses, this study shows that this concept has high chances of succeeding. In Strategic Intent Based Planning, three (out of four) plausible future scenarios are favorable for the entry of this concept in the market.
The Competitive Analysis provides an attractive overview for the current and future competitive environment of the hostel industry in Portugal. It was only in 2005 that the first private hostel was established in Portugal. During the
following years, there was an incredible growth of hostel units. According to Euro monitor, there was 1 hostel in 2005, 61 in 2007 and 228 in 2012.
At present there are possibilities to create a good environment for business in Portugal. Demand for accommodation, whether for business travelers or short term rentals or for outright sale far exceed supply in selected areas, Lisboa is the first choice for all categories of business travelers
The business sector is spearheaded by tourism. There is an upsurge of people moving to Portugal, not only for the sunny beaches but also for the safe environment and affordable price- range of services whether for business or leisure.
Favorable tax conditions for retirees and setting up of new businesses whether small or medium size have created more demand for accommodation for both residence and office. Business travelers are coming in greater numbers to take advantage of the cheap labor and the ease of doing business in Portugal.