And this step involves a careful analysis of the product to be sold, a careful analysis of the prospective market and a careful analysis of the competition.
However, the analysis of the product, market and competition will probably surprise them by points they may have overlooked.
The Market AnalysisA market analysis attempts to answer WHO would and will use the facilities over the life of the property.
ConclusionSo many factors enter in to establishing the character of hotels, restaurants and amenities that careful analysis of any one operation, though not complex, is a fairly exacting task.
This job of a product and market analysis can simplify all subsequent selling procedures.

A New and Trusted Method to Analyzing a Lodging Operation Using an Old and Proven Approach