HOSPITALITY DEVELOPMENT (Hotels/Resorts)

The project assignments involved the following key tasks:

Market Analysis

  • Review of general market characteristics and trends of the hospitality market of the destination.
  • Analysis of hospitality market scenario in terms of existing competitive supply and determine each competitor’s strengths and weaknesses including market share.
  • Assessment of future outlook and trends in terms of new entrants, projects planned, value positioning, future supply of rooms, introduction of new products and services, development & management models etc.

Site Assessment

  • Undertaking a broad SWOT analysis of the hotel location and its positioning in terms of site suitability, opportunities and constraints in light of the above aspects.

Positioning Strategy

  • Evolving the hotel positioning among the competition in terms of image, hotel type, size, customer mix, occupancy, room rates and revenues.
  • Determining the optimum business model that will address development of products & services, differential pricing strategies, attracting new customer segments, service delivery standards etc.

Development Model

  • Formulation of an appropriate revenue management strategy for the hotel property in a given market scenario. The objective of the revenue management strategy is to capture the optimal profitability that can be produced from the projected demand.
  • Finalization of product mix and project sizing including broad area statement.
  • Assessment of infrastructure requirement for the project.
  • Review of bye-laws and development control regulations etc.
  • Conceptual layout plans & finalization of Area Statement.
  • Estimation of project cost in terms of capital cost of project components & support infrastructure.

Financial Viability Analysis

  • Financial feasibility analysis including projections for revenue & expenses including O&M, cash flow statements, DSCR and IRR for the proposed project.
  • Financial viability of the project based on different scenarios with sensitivity analysis, considering cost of the development, estimated revenue from facilities planned in the project and changes in variable and fixed operating cost.
  • Conclusions and Recommendations.

Major Projects –

  • Consultancy Services for the Preparation of Detailed Project Reports for Revitalization of Ashok Group of Hotels at Jaipur, Bhubaneswar and (Kosi) Mathura.
  • Formulation of Master Plan of International Convention Centre (ICC) & Business Hotel at Vadodara.
  • Preparation of Detailed Project Report for Setting up 3 Star Hotel Project on PPP Mode at Agartala.
  • Techno-Economic Viability Report for 4 star Hotel Project at Belapur, Navi Mumbai
  • Techno-Economic Viability Report for 5 Star Hotel Project in Navi Mumbai
  • Techno-Economic Viability Report for 5 Star Spa Resort at Pune
  • Revitalization Plan of Bambolim Beach Resort, Nunes Beach, Goa

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