試す - 無料

WHAT IT TAKES TO OPEN A HOMESTAY

Outlook Money

|

December 2023

Dive into the captivating tales of entrepreneurial spirit as individuals transform their homes into thriving homestays. From picturesque getaways in Ravangla to urban havens in Kolkata, discover the secrets behind turning dreams into successful hospitality businesses

- Meghna Maiti

WHAT IT TAKES TO OPEN A HOMESTAY

Jigmey Dorjee Bhutia, 55, a senior teacher at a government school in Ravangla, South Sikkim, and a trained monk, runs a homestay tucked away in a picturesque spot of the idyllic town that is about 65 km from the state capital of Gangtok.

He first experimented with the idea in 2006, but it didn’t work out then due to lack of proper planning and marketing. In 2018, he restarted the project in a more planned manner. He first revamped a part of his house, which he had to anyway do for its upkeep, and registered the property on some popular travel websites to ensure maximum reach.

This time around, the idea worked. “The income (from the homestay) has been steady, except in phases such as during the Covid period and the Sikkim floods,” says Jigmey.

The income from the homestay adds to his earnings from the farm he owns and his regular teaching job, but money was never the main consideration behind starting a homestay. “The main purpose was to give visibility to the town among national and international people and highlight its history and the old monasteries in the region. I have a farm, and other means of income, besides my government job; I am not fully dependent on the homestay income,” says Jigmey. He adds that one of the aspects he most enjoys about running a homestay is interacting with new people and learning from their varied experiences.

Outlook Money からのその他のストーリー

Outlook Money

Beyond Equity, Dynamic Asset Allocation is key to Emerging India

\"Long-term wealth preservation may be achieved not just by trying to earn the highest possible returns, but also by managing risk effectively.\"

time to read

2 mins

January 2026

Outlook Money

Don't Step Into The Equity SIP Illusion

SIPS are a powerful tool for wealth creation, but only if you do not give in to illusions such as SIPS always give double-digit returns

time to read

8 mins

January 2026

Outlook Money

Outlook Money

Small Habits To Success

Good habits build you up, while bad habits pull you down. The one thing to ensure is that your habits are putting you on the path towards success. So, focus on your current trajectory

time to read

4 mins

January 2026

Outlook Money

Here's How To Add Or Change A Bank Nominee

From November 1, banks have allowed customers to name up to four nominees for accounts, deposits and lockers. Change or cancellation of a nominee must be acknowledged by the bank within three working days. Nominee details appear on passbooks, statements, and fixed deposit receipts.

time to read

1 min

January 2026

Outlook Money

An IPO To Fund Growth Without Distraction

Keertana is choosing public capital early to scale profitably and reduce dependence on repeated private rounds

time to read

2 mins

January 2026

Outlook Money

The "Choose Your Fighter" Fund for a Rotating Market

They shift between large mid and small caps as valuations, cycle signals and risk change.

time to read

2 mins

January 2026

Outlook Money

Riding On Expansion In South

India Shelter Finance Corporation is one of the fastest-growing affordable housing finance companies (HFCs) in India, catering to home buyers in tier II and III cities and towns. It operates across 15 states and Union Territories (UTs) with major presence in Rajasthan, Maharashtra and Madhya Pradesh.

time to read

2 mins

January 2026

Outlook Money

Rotate Sectors With The Cycle Not The Noise

Track signals to spot recovery or slump then shift sector exposure before consensus catches up.

time to read

2 mins

January 2026

Outlook Money

Banking On Loan Growth

ICICI Bank is among India's most structurally strong private banks, backed by consistent financial performance, superior risk management, and a well-diversified business franchise.

time to read

1 mins

January 2026

Outlook Money

Higher Margins Bode Well

Max Financial Services owns 80 per cent of Max Life, which is one of India’s largest private life insurers.

time to read

1 mins

January 2026

Translate

Share

-
+

Change font size