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
In an effort to boost tourism and revenue many cities are offering broad-based municipal incentives in order to attract tourism developers.
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.
When land is not available for purchase for hotel construction, a well negotiated ground lease can benefit both the developer and the land owner.