Tag: Entrepreneurship in Hospitality
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Zostel’s Business Model: Asset-Light, Community Driven and Scalable
1. The Evolution from a Hospitality Business to a Community-First Model Zostel operates under an asset-light model, meaning it does not invest heavily in real estate but instead empowers entrepreneurs to run their own hostels under the Zostel brand. 2. The Franchise Model: Entrepreneurship Development Program (EDP) Under this model, individuals passionate about hospitality can…