Summary: Economic impact studies demonstrate the economic benefits and desirability of hospitality projects Government entities may provide financial incentives for a project when they are presented with its benefits Economic impact comes from both short term and long term effects Developers planning hospitality projects such as resorts and conference centers are often looking to local
The importance of completing a feasibility study and market analysis for waterpark properties. With money on the line, developers need clear answers.
2012 waterpark season pass price points and incentives show that passes boost revenue and attendance at waterparks.
How a feasibility analysis answers the important questions and assist in the decision making process.
By: David J. Sangree, MAI, CPA, ISHC and Joseph Pierce, The economic upheaval of the past few years has impacted all industries. Nationwide, the hospitality industry experienced some of the sharpest declines in occupancy and average daily rate in 2009 since records have been kept. Gains in occupancy and rate that were made through the