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COMPREHENSIVE HOTEL MARKET FEASIBILITY STUDY PREPARED FORBarneveld, Wisconsin INCLUDESPREPARED BYC ore Distinction Group, LLC Lisa Penney Founding Partner l.pennau@coredistinctiongroup.com Jessica
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How to fill out hotel market feasibility study

01
Research the market: Understand the demand for hotels in the area, competition, and potential target market.
02
Gather data: Collect data on demographics, economy, tourism trends, and market demand.
03
Analyze data: Use collected data to identify market gaps, potential opportunities, and risks.
04
Conduct a site analysis: Evaluate the location of the proposed hotel, accessibility, amenities, and competition.
05
Financial analysis: Calculate the projected revenue, expenses, and ROI to determine the feasibility of the project.
06
Prepare a report: Compile all the findings into a detailed feasibility study report.

Who needs hotel market feasibility study?

01
Hotel developers looking to invest in a new property.
02
Investors considering funding a hotel project.
03
Hotel operators planning to expand their brand into a new market.
04
Government agencies or organizations seeking to support tourism development.
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A hotel market feasibility study is an analysis conducted to determine the viability of a proposed hotel project, taking into account factors such as demand, competition, and financial projections.
Developers, investors, or lenders seeking to assess the viability of a hotel project may be required to file a hotel market feasibility study.
To fill out a hotel market feasibility study, one must gather market data, analyze competition, assess demand, and create financial projections.
The purpose of a hotel market feasibility study is to assess the potential success of a hotel project by analyzing market demand, competition, and financial viability.
A hotel market feasibility study must include data on market demand, competition analysis, financial projections, and recommendations for the proposed hotel project.
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