Feasibility Study on a Hotel Project
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Feasibility study on a hotel project: Moon palace resort hotel Chapter I 1.1Introduction Moon Palace Hotel resort will offer accommodation with different types of rooms, restaurant, bar, spa, recreation activities, swimming pool, transfer services, island hopping, ecoadventure packages, souvenir shop, meeting/banquet facilities. This piece of work will contain a feasibility study for a hotel project: Moon palace resort hotel. It aims to evaluate whether the implementation of this hotel would be feasible. The reason for the evaluation of the planned hotel is to provide the travellers in Palawan a quality service of hotel at a moderate price. The scope of this work is to develop a business plan and projection taking in considerations the key factors that will affect the implementation of the hotel. The objective of this study is to evaluate whether the establishment of such project would work out and whether to proceed with the eventual development of the hotel.
This study is inspired by the fact that tourism is one of the sectors that has the potential to boost the economy of Palawan. Furthermore, according to the department of tourism, Puerto Princesa is among those destinations that has a high growth rate on its tourist visits. (see table 1) Table1. Tourist Volume in the Top Sixteen Destinations, January to June 2009 Destinations
Ilocos Norte Masbate*
Source: DOT Regional Office
*Partial Data** No breakdown
1.2 Scope The scope of this work is to develop a business plan and projection taking in considerations the key factors that will affect the implementation of the hotel such as: 1. location 2. market 3. cost and benefit analysis 4. products and services 5. forecast on its revenue, operating profit, personnel cost 1.3 objectives General objectives: The objective of this study is to evaluate whether the establishment of such project would work out and whether to proceed with the eventual development of the hotel.