Write a 8 pages paper on key elements in the hotel feasibility study. The feasibility study investigates the need for the proposed project with proper estimation, documentation and support in order to

Write a 8 pages paper on key elements in the hotel feasibility study. The feasibility study investigates the need for the proposed project with proper estimation, documentation and support in order to satisfy the client that the proposal has justifications to go on the floor. There are certain elements required to be taken into consideration in the feasibility study so that the report can be prepared with accuracy and appropriateness and the decision regarding the opening of the facility could be taken (OFallon and Rutherford 2010).

The essay presents the key elements of the feasibility study carried on for the project of developing a new hotel i.e. in the hospitality sector. It includes sources of information that are helpful in conducting the feasibility study.

A hotel feasibility study is required to be carried out for assessing the economic viability of the proposed hotel looking for the business opportunity and roadblocks simultaneously in order to identify the successful realization of the project. There are three major and crucial components in the study of the hotel feasibility report. They are preparation of market feasibility study, costs estimation for all elements of the proposed project and determination of sources of financing (Hotel Feasibility Study 2012).

In a typical hotel feasibility report, the key elements are the evaluation of the site, analysis of the market area, demand analysis, competitive supply analysis, recommendations for facilities, forecast of income and expenses, and total project cost estimation (Wood and Brotherton 2008).

In order to assess the suitability of the proposed project, there is a need for assessing the size and topography of the site. Noting down the uses of the surrounding land along-with proximity to major demand generators is required. The location of the site in relation to the key highways and inter-states is considered for identifying the ease of access for the motor traffic vehicle.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Order your essay today and save 10% with the coupon code: best10

Academic Pros