feasibility for hotel
Executive Summary
In March 2014, my friends and I is interested in the development of a luxury hotel, planned to be operated by a well renowned hotel brand, a feasibility study was commissioned to be made.
The purpose of this paper is to investigate the opportunities and risks of operating a high class hotel at the designated location. In order to determine whether a feasible operation of such an establishment is possible, the various key factors of competitive business in this particular market will be analyzed
Basically, the main factors include a certain standard of guest rooms and suites, gourmet facilities as well as recreational areas including a representative Wellness.
A prerequisite for a professional feasibility study is the depiction of the macro Economic circumstances which are of importance to the project. The Comprehensiveness and accuracy of the feasibility study submitted relies on Information provided by the owner and acquired through extensive secondary data research.
Assuming that the city of Cagayan De Oro’s economic and touristic outlook will develop as expected, the proposed hotel project should achieve the success as what we desired. Given the trend of economic recovery and the increased attractiveness of Cagayan De Oro to high income consumer segments, the realization of the respective project is set on solid grounds.
I: Introduction
A. We, a group of business minded people decided to build a hotel which is able to play in at the very top end of the luxury segment. We also want to serve people and give them the most unforgettable experience in their life. And it will give them a baffling happiness. We conduct feasibility study in case of grudges of our business so that we can settle it fast. The study focuses on the macro- and micro-environment of the location of the proposed hotel, the assumed competitive set, the local hotel market, the estimated trading performance of the hotel assuming a position at the very top end
In March 2014, my friends and I is interested in the development of a luxury hotel, planned to be operated by a well renowned hotel brand, a feasibility study was commissioned to be made.
The purpose of this paper is to investigate the opportunities and risks of operating a high class hotel at the designated location. In order to determine whether a feasible operation of such an establishment is possible, the various key factors of competitive business in this particular market will be analyzed
Basically, the main factors include a certain standard of guest rooms and suites, gourmet facilities as well as recreational areas including a representative Wellness.
A prerequisite for a professional feasibility study is the depiction of the macro Economic circumstances which are of importance to the project. The Comprehensiveness and accuracy of the feasibility study submitted relies on Information provided by the owner and acquired through extensive secondary data research.
Assuming that the city of Cagayan De Oro’s economic and touristic outlook will develop as expected, the proposed hotel project should achieve the success as what we desired. Given the trend of economic recovery and the increased attractiveness of Cagayan De Oro to high income consumer segments, the realization of the respective project is set on solid grounds.
I: Introduction
A. We, a group of business minded people decided to build a hotel which is able to play in at the very top end of the luxury segment. We also want to serve people and give them the most unforgettable experience in their life. And it will give them a baffling happiness. We conduct feasibility study in case of grudges of our business so that we can settle it fast. The study focuses on the macro- and micro-environment of the location of the proposed hotel, the assumed competitive set, the local hotel market, the estimated trading performance of the hotel assuming a position at the very top end