As a consultant in the sport feasibility industry, I attended the 22nd annual National Association of Sports Commissions (NASC) Symposium recently held in Oklahoma City, OK. The symposium brought together events rights holders and sport governing bodies with sports commissions and conventions and visitors bureaus. The state of the travel sports industry is trending positive although there are challenges. Of note is the increased reliance on rebates and commissions for tournament lodging accommodations. “Stay to Play” is becoming more commonplace. The main take-away is that the relationship between hoteliers and event rights holders needs to be more athletic/attendee-focused.
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July 19, 2020
A hotel feasibility study is generally required by the mortgage lender or investor before a developer or organization is able to move forward with constructing a new hotel. Typically completed by an independent third-party consultant who specializes in analyzing hotel projects, a feasibility study determines whether a proposed hotel development is economically feasible and ifREAD MORE