Hotel Market & Feasibility Studies: Connecting Vision with Viability in Untapped Markets ...Middle East

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Hotel Market & Feasibility Studies: Connecting Vision with Viability in Untapped Markets
source : hospitality net ( Middle East ) () 51
Since the COVID-19 pandemic, macroeconomic trends have helped breathe new life into secondary and tertiary hotel markets. The shift to hybrid and remote work, an increase in highway tourism, and a strengthening of the logistics and manufacturing sectors have supported a resurgence of leisure and commercial hotel demand in many small and medium-sized communities. These factors, among others, have generated interest in new hotel development in these areas, often by local municipalities and/or economic development organizations.

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