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1. What are the criteria used to select the renovation projects? 2. What would be the indicators...

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General Management

1. What are the criteria used to select the renovationprojects?

2. What would be the indicators that a hotel need to berenovated ? Please make reference to the stages of the hotel lifecycle in the explanation.

Answer & Explanation Solved by verified expert
4.2 Ratings (580 Votes)
1 Following factors need to be kept in mind before deciding on the renovation of a project a Availability of space and market The renovation involving capacity augmentation to meet the increasing demand needs space The renovation cost must be justified by the availability of an existing and growing market and sales potential which may pay for it in short    See Answer
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