Entering the hospitality industry… Is it a good time?

At Yelow we know that this situation has been difficult for everyone, and especially for the hospitality industry. But things are changing, and we bring you good news… Keep reading because you will be interested, especially if you want to start a business in the hospitality industry.

Current situation and historical evolution.

Crises close many doors but at the same time open others, new opportunities always appear because they “force” to evolve. Historically this has always been the case, for example, after the 2008 crisis, big companies like Airbnb and Uber appeared.

Currently, we find ourselves with a market that is reactivating, this is due to the fact that consumption is increasing, and there are more and more people willing to undertake in the hospitality industry. The liberalization of measures, the good weather and all the advances that are taking place, successfully promote the growth of the hospitality sector.

Industry trend.

As we have already mentioned, there are many people willing to undertake in the hospitality industry, looking for market niches, improve their offer, renew themselves, new trends, etc., some of these trends have already been discussed previously in our blog, such as the Dark Kitchen.

Hospitality has a very important social component and now it is going to be accentuated more than ever, as people are eager to take advantage of this “new freedom” in the best possible way. Enjoying with friends, with family, strengthening emotional ties and recovering those that may have been weakened during this time.

Another very important factor, for the regeneration of the hospitality industry and therefore helping entrepreneurship in the hospitality industry, is tourism. Little by little the doors are reopening, and Spain is one of the most coveted countries for tourists, and people are eager to come and enjoy themselves.

Recommendations for entrepreneurship.

Where should you start? The most important thing of all is to correctly analyze the market, the customers, their needs, their motivations, everything that can help us find that great opportunity.

Are you worried about financing? In recent years, new financing models have emerged, from crowfunding to private equity. In addition, many funding opportunities for startups and innovators have also appeared, as well as European grants…

In conclusion, we would like to encourage you all to become entrepreneurs in the hospitality industry, as we are in a time of change and opportunities. If you already belong to the sector, do not lose this perspective, look for how to innovate and how to improve. A facelift for a new stage, for this we recommend you to visit our store and our catalogs.

Don’t forget if you want to stay up to date with our offers, promotions, discounts, contests… Subscribe to our newsletter on Yelow’s homepage. Or stay up to date on our social networks Facebook and Instagram.

In addition to online we also encourage you to come and see us, we attend you as always in the Alban Park in Armilla, in the mail info@yelow.es and telephone 958 122 543.