AIHM’s Business Plan Competition 2024: Get Ready to Be a Champion!

Have you ever dreamed of launching your own business? Do you have what it takes to be one of the creative entrepreneurs who will revolutionise tomorrow’s business landscape? Are you ready to innovate, invent a new business idea and win big prizes?

Get together with your friends, form a team and battle your way to the top. AIHM’s Business Plan Competition for high school students has returned. Join the competition now to prove your potential and win up to THB 40,000.

Introducing the AIHM Business Plan Competition 2024

The AIHM Business Plan Competition invites high school students to develop innovative business ideas for the hospitality industry. This is your chance to invent a new business venture. Come up with an amazing idea for a new hotel, a youth hostel, an original spa concept, a food and beverage business, even a pop-up restaurant. Then, create a video to present your idea and submit it through AIHM’s website by 1 March 2024. Teams with the most exciting business concepts and presentations will move on to the Final Round.

Finalists will battle it out at AIHM’s Bangkok campus on 23 March 2024 by presenting comprehensive business plans in front of a panel of judges. The top three teams will win prizes ranging from 10,000 to 40,000 Thai baht…as well as bragging rights, with an impressive award that can be added to their college applications.

Who Can Enter the Competition?

• Each team should be composed of 3-4 students.
• All team members must be in their last three years of high school.
• All team members must be studying in Thailand. The competition is open to students at international schools, Thai private schools, and Thai public schools.

Why Should You Join the Competition?

1. Flex Your Creative Muscles
   Are you bursting with innovative ideas for the hospitality industry? Whether it's a cutting-edge dining concept, a unique hotel experience or the next big travel app, we want to hear your ideas! The AIHM Business Plan Competition 2024 is your chance to unleash your creativity and show the world what you're made of. We're looking for fresh, imaginative, and game-changing concepts that could revolutionise the industry.

2. Learn from the Best
   Participating in this competition isn't just about winning; it's about learning and growing. As you progress through the competition, you'll have the opportunity to interact with industry experts and seasoned professionals who have been there, done that. These mentors will provide valuable insights and guidance to help you refine your business plan and pitch—and set you on a path for future success.

3. Win Amazing Prizes
   Let's talk about the goodies, shall we? The top contenders will walk away with fantastic cash prizes.

1^st Prize: THB 40,000

2^nd Prize: THB 20,000

3^rd Prize: THB 10,000

What We’re Looking For

Wondering what it takes to impress our panel of judges? Here are the four key criteria:

Originality

We want to see your unique spin on the hospitality industry. How does your concept stand out from the rest? What makes it special? How does your business idea address a unique gap or opportunity in the market?

Creativity

Let your imagination run wild! Showcase your innovative thinking and demonstrate how your idea pushes boundaries and ignites excitement.

Viability

Is your business plan realistic? Show us that it's not just a dream but a practical, workable concept. Who’s your target audience and why would they love your idea? Explain the market demand for your concept. Show us how you've carefully considered the logistics and feasibility of your plan.

Presentation Skills

Success isn’t just about having a great idea; it's about effectively conveying it. Impress us with your presentation skills, as they play a vital role in capturing our attention and confidence in your concept.

Meet the Sponsors

The AIHM Business Plan Competition was founded by the Asian Institute of Hospitality Management, an innovative management school focused on shaping the future of the hospitality industry one student at a time.

Located in the heart of Asia where so much of the industry’s innovation is taking place, AIHM allows students to study in a one-of-a-kind higher-education environment set within an actual hotel property on the banks of the Chao Phraya River in Bangkok, Thailand. AIHM offers a Bachelor’s degree in Hospitality Management and a wide range of business skills courses for continuing education.

We’re enthusiastic about developing the talents of the region’s aspiring entrepreneurs and future business leaders. AIHM is more than just your average school; we’re a community that’s passionate about turning dreams into a reality. We love helping our community members achieve their aspirations for success. Our students benefit from a dynamic, intensive learning environment with small class sizes, a tremendous level of individualised attention and unprecedented opportunities for networking and mentoring by business leaders and the industry’s top executives.

At AIHM, we’re constantly impressed by the creativity and drive found amongst young people across the region. The AIHM Business Plan Competition offers a platform for Thailand’s high school students to showcase their world-class skills and creativity, while learning and having fun in the process.

Get More Details

Do you have what it takes to win? Are you ready to join the battle for the trophy? Head over to our competition page to get all the details on how to enter.

If you’re a high school student with dreams of becoming the next big hotelier, restaurateur or even creating a never-before-seen business in the hospitality sector, this is your chance to show us you have what it takes to reshape the industry. We’re looking forward to seeing your amazing ideas!

Want to Learn About More Opportunities Like This One?

Do you want to keep your finger on the pulse of the global hospitality industry? Are you a high school educator on the lookout for new opportunities and career paths for your students? You’re an employer seeking to recruit the best-trained candidates for your teams and leadership roles?

Follow AIHM on Facebook, LinkedIn, Instagram or TikTok. We’re always sharing new opportunities for the business leaders of tomorrow, and we’d love you to join or listen in on the conversations.