Nilesh GOpening a hotel part 2
December 12th 2008 03:17
Now a days I am really very busy so I don’t get enough time to write something that is why I am writing in part. I hope my readers would understand it.
this is in continuation to our last discussion
3) Economic market study: right now as we all better aware of our market status.if your assessment of the potential market area for your product concept shows that the product concept is promising, then a more details analysis should be undertaken, in the form of an economic market study and appraisal, to determine whether or not the project should continue as originally conceived unless you got some money to burn , you cannot skip this step. You cannot jump from product concept directly to the construction of hotel. Obtaining financing for your hotel project more than likely depends on an independent assessment of the market conditions, the proposed site, and the product concept .
Or I can say in other words, if you perform an economic market study and appraisal correctly and you follow the recommendations given, your chances are two our of three that your project will be success.
4)Selecting a Qualified Consultant: you know we need someone who is enough qualified to understand and perform all these analyses in a right way. Because the market study and appraisal are so important to progress the hotel project . But remember one thing in mind that the qualified consultant should specialize in hotel-realated studies as well as he should have a background of exposure to multiple types of markets and products and should have access to hotel-trained personnel for both the market study and the appraisal.
To be continued……..
this is in continuation to our last discussion
3) Economic market study: right now as we all better aware of our market status.if your assessment of the potential market area for your product concept shows that the product concept is promising, then a more details analysis should be undertaken, in the form of an economic market study and appraisal, to determine whether or not the project should continue as originally conceived unless you got some money to burn , you cannot skip this step. You cannot jump from product concept directly to the construction of hotel. Obtaining financing for your hotel project more than likely depends on an independent assessment of the market conditions, the proposed site, and the product concept .
4)Selecting a Qualified Consultant: you know we need someone who is enough qualified to understand and perform all these analyses in a right way. Because the market study and appraisal are so important to progress the hotel project . But remember one thing in mind that the qualified consultant should specialize in hotel-realated studies as well as he should have a background of exposure to multiple types of markets and products and should have access to hotel-trained personnel for both the market study and the appraisal.
| 27 |
| Vote |
Subscribe to this blog
