Studies

Feasibility studies

To avoid costly mistakes, it is essential to conduct a feasibility study prior to every project initiative, regardless of whether it is a new hotel concept, or to changes in a current enterprise.

In the context of a prefeasibility study, the actual state is first recorded, documented and implemented, and then a market and competitive analysis for the project site is conducted. tophotel consultants also take into consideration the specific circumstances as they are found at the site, for example location, demand generators, demand and competition. Based on this, a demand and market-ready operating concept as well as a projection of future economic performance will be compiled.

Compared to the prefeasibility study, which is seen as a first orientation for the realization of projects, the detailed feasibility study is the classical elaborate study. The economics of a project are calculated in detail, using various methods and are contained within the merits of the prefeasibility study.

Both studies serve to provide guidance concerning the implementation potential and viability of the project plan.

Projects from public sector institutions, but also from private investors, may be supported by various European, national and regional funding programs. Even for this, it is customary to prepare a detailed feasibility study, which can determine the market positioning as well as the sustained profitability for the public investors. We support you in applying for this funding.

Location, market and potential analysis

Based on the market and location analysis, the advantages and disadvantages of the site are determined as well as the current or future development of the offer. The demand as well as the price development on the hotel market is also determined.