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Feasibility Studies for Hotels

Feasibility Studies for Hotels

Author: Wolfgang Fercher

Publisher: diplom.de

ISBN: 9783832499143

Category: Travel

Page: 123

View: 315

Inhaltsangabe:Abstract: The intensity of competition in the tourism business, especially in the hotel industry has continuously grown during the last years. This development leads to the situation that capital investments in the hospitality industry are connected with ever increasing risks. In order to minimize these risk potentials, a detailed evaluation of the competitiveness and market compatibility of a planned project is an essential part of any project development process. Those analyses are covered in the course of a feasibility study which encloses all aspects that influence the success of a hotel project. In this context, a feasibility study serves as an information tool for project developers, investors, tenants, hotel operators and financiers in order to make decisions with regard to a specific hotel project. The preparation of a feasibility study requires the combination of a multitude of aspects, hence input from all participants in the project development process. Getting hold of information and the appropriate usage of this information is crucial in order to ensure the success of a study. The main objective of this diploma thesis is to identify the most important and current issues in feasibility evaluation of hotel projects. In practice, many studies are prepared following a fixed model, which has not been changed for years. However, the hospitality industry is highly competitive and dynamic, new additions to the existing supply therefore need to be analyzed very carefully. The focus of this diploma thesis is specifically put on the hospitality industry. This means that feasibility evaluation for other types of project development in the tourist industry is not subject to this study. The aim of the thesis is on the one hand to point out aspects that have to be taken into consideration in any study, and to give suggestions for improvements on the other hand. The author has laid down the following four hypotheses that serve as the main source for the research questions. - Hypothesis 1: The sensitivity analysis is the most important component of a feasibility study. - Hypothesis 2: A feasibility study is the most important decision making factor for the investor in a hotel project. - Hypothesis 3: If the results of a feasibility study seem to turn out negative, then the operative concept of the project is changed. - Hypothesis 4: The level of the construction cost is the factor that is most difficult to estimate and is therefore [...]
Feasibility Studies for Hotels
Language: en
Pages: 123

Feasibility Studies for Hotels

Authors: Wolfgang Fercher
Categories: Travel
Type: BOOK - Published: 2006-10-16 - Publisher: diplom.de

Inhaltsangabe:Abstract: The intensity of competition in the tourism business, especially in the hotel industry has continuously grown during the last years. This development leads to the situation that capital investments in the hospitality industry are connected with ever increasing risks. In order to minimize these risk potentials, a detailed evaluation
Hotel Management and Operations
Language: en
Pages: 494

Hotel Management and Operations

Authors: Michael J. O'Fallon, Denney G. Rutherford
Categories: Business & Economics
Type: BOOK - Published: 2011 - Publisher: John Wiley & Sons

Hotel Management and Operations, Fifth Edition provides a practical, up-to-date, and comprehensive approach to how professionals across the industry manage different departments within their operation. From the front office to finance, from marketing to housekeeping, this resource offers advanced theory played out in practical problems. Multidimensional case studies are a
Designing Commercial Interiors
Language: en
Pages: 464

Designing Commercial Interiors

Authors: Christine M. Piotrowski, Elizabeth A. Rogers, IIDA
Categories: Architecture
Type: BOOK - Published: 2012-06-14 - Publisher: John Wiley & Sons

The definitive reference on designing commercial interiors-expanded and updated for today's facilities Following the success of the ASID/Polsky Prize Honorable Mention in 1999, authors Christine Piotrowski and Elizabeth Rogers have extensively revised this guide to planning and designing commercial interiors to help professionals and design students successfully address today's trends
Daily Graphic
Language: en
Pages: 48

Daily Graphic

Authors: Yaw Boadu-Ayeboafoh
Categories: Architecture
Type: BOOK - Published: 2006-02-23 - Publisher: Graphic Communications Group

Books about Daily Graphic
Great Southern Hotel Feasibility Study
Language: en
Pages:

Great Southern Hotel Feasibility Study

Authors: KPMG Peat Marwick, Melbourne (Vic.)
Categories: Hotels
Type: BOOK - Published: 1991* - Publisher:

Books about Great Southern Hotel Feasibility Study

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