MSVU Pros and Cons of a Hotel Feasibility Study Essay

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Mount Saint Vincent University

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What are the pro's and con's of a hotel feasibility study? Summarize your thoughts, and state a definitive conclusion 1000 words or less please).

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Pros and Cons of a Hotel Feasibility Study
Pros
1.
2.
3.
4.

Provides information to potential investors to assist in decision making.
Helps identify whether a project is viable in the long run
Provides managerial suggestions for a successful operation of a proposed hotel
Helps hotel investors to identify their competition before entering the market

Cons
1. Expensive and time-consuming
2. May not highlight practical challenges
3. Limited in supply analysis

Please view explanation and answer below.I just noticed that the paper failed to upload here. I have reuploaded it below. Thank you.

1

Pros and Cons of a Hotel Feasibility Study
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Pros and Cons of a Hotel Feasibility Study
Feasibility studies are an important phase in any hotel development. For this reason, hotel
feasibility studies have been a subject of research and practice since the 1960s. Between 1960 –
1996, the advancement of feasibility studies in the hospitality industry significantly impacted the
development process of new motel and hotel projects, and their future operation (Saepudin et al.,
2019). This is because hotel feasibility studies assess the market potential for the development of
new hotels. Recognizing this, this paper discusses the pros and cons of hotel feasibility studies.
Pros of a Hotel Feasibility Study
One of the pros of a hotel feasibility study is that it provides information to potential
investors to help them in decision-making. It helps investors discern the advantages and
disadvantages of a hotel project before investing a significant amount of capital and time in it. For
instance, knowing whether you a...


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