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Hotel feasibility study: Full guide with examples and costs

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Here are some examples of known consultants that you can reach out to: HVS (Hospitality Valuation Services) : A well respected global firm that specialises in feasibility studies, valuations, and market research. PKF Hospitality Group : An international firm with broad experience covering the hotel, tourism, and leisure sectors.

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Hotel industry statistics: Guide for hotels

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Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. Global Hotel Industry Market Report by Allied Market Research – Analysis of the global hotel industry, including market size, growth trends, key players, and future projections.

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What is Yield Management: Guide for Hotels

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This involves tracking key performance indicators (KPIs) like Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Gross Operating Profit Per Available Room (GOPPAR). Each channel has its own cost and reach, affecting the overall revenue.