Tuesday, March 15, 2016

INDUSTRY: NAICS Code and Definition

Below are the NAICS code and definition for my venture: 


NAICS Code:721110 Hotels (except Casino Hotels) and Motels

Definition: This industry comprises establishments primarily engaged in providing short-term lodging in facilities known as hotels, motor hotels, resort hotels, and motels. The establishments in this industry may offer food and beverage services, recreational services, conference rooms and convention services, laundry services, parking, and other services.



2 comments:

  1. Hey Leonard! Hope you are well.

    I agree with your NAICS classification. It sounds like you are in the hotel space, with the added wrinkle of allowing customization to guests.

    I like the concept and I think it had great appeal particularly, if you could create a website that would allow a guest to design the room in advance, and have it set up just the way they want it prior to their arrival.

    I know if I am going to work in a room, I always prefer my desk or workspace to be facing the window and exposed to a view (which hopefully isn't a parking lot). Views can be inspiring. But when you think of the standard hotel room set up, 99% of them have the desk facing a blank wall...bleh!!

    I wonder what the trade off would be in terms of added costs (labor and furniture) versus the potential increase in room rates you could charge. As long as that logic makes sense, you should have a winner!

    ReplyDelete
  2. Hey Leonard! Hope you are well.

    I agree with your NAICS classification. It sounds like you are in the hotel space, with the added wrinkle of allowing customization to guests.

    I like the concept and I think it had great appeal particularly, if you could create a website that would allow a guest to design the room in advance, and have it set up just the way they want it prior to their arrival.

    I know if I am going to work in a room, I always prefer my desk or workspace to be facing the window and exposed to a view (which hopefully isn't a parking lot). Views can be inspiring. But when you think of the standard hotel room set up, 99% of them have the desk facing a blank wall...bleh!!

    I wonder what the trade off would be in terms of added costs (labor and furniture) versus the potential increase in room rates you could charge. As long as that logic makes sense, you should have a winner!

    ReplyDelete