Demand Analysis of the Tourism Industry: Evidence from Ontario
Times Group Corp. is considering the development of a condo hotel at 5507 River Road in Niagara Falls, ON, Canada. You are asked to evaluate historic trends and forecast the future competitive demand for lodging accommodations in the area. The results of the project will assist in pre-development of the subject site. Moreover, the findings of the project will indicate the overall viability of the proposed development plan.The scope of the project includes, but is not necessarily limited to the following:An analysis and economic evaluation of the market for tourism in the area.Review of the economic indices which would be most relevant to the success of the proposed development plan.Determining the share of market demand by various customer categories such as tourists, commercial travelers, and group meetings/convention delegates.Analyzing the impact of pandemic on the tourism industry in the area.Forecasting demand in the post-covid era in the area under various scenarios
Government policy towards the tourism industry in Ontario
Times Group Corp. is considering the development of a condo hotel at 5507 River Road in Niagara Falls, ON, Canada. You are asked to identify various government policies in the area and evaluate them, if applicable. The results of the project will assist in pre-development of the subject site. Moreover, the findings of the project will indicate the overall viability of the proposed development plan.The scope of the project includes, but is not necessarily limited to the following:Identify government policies at different levels, i.g. federal, provincial, and municipal, that directly or indirectly affect the market supply and demand.Categorize the existing policies in a meaningful way.Explore the effect of policies on the supply and demand for different types of travelers and hotel guests.Provide recommendations on how such policies can help/hinder the success of the project.
Government policy towards the tourism industry in Ontario
Times Group Corp. is considering the development of a condo hotel at 5507 River Road in Niagara Falls, ON, Canada. You are asked to identify various government policies in the area and evaluate them, if applicable. The results of the project will assist in pre-development of the subject site. Moreover, the findings of the project will indicate the overall viability of the proposed development plan.The scope of the project includes, but is not necessarily limited to the following:1. Identify government policies at different levels, i.g. federal, provincial, and municipal, that directly or indirectly affect the market supply and demand.2. Categorize the existing policies in a meaningful way.3. Explore the effect of policies on the supply and demand for different types of travelers and hotel guests.4. Provide recommendations on how such policies can help/hinder the success of the project.
Feasibility Study for a Real Estate Developer
Times Group Corp. is considering the development of a condo hotel at 5507 River Road in Niagara Falls, ON, Canada.A Feasibility Study is required to evaluate historic trends and project the future competitive supply of and demand for lodging accommodations in the area and assist in pre-development of the subject site. The Feasibility Study will also comment on the overall viability of proceeding with the proposed development (currently designed as a residential condo) as a condo hotel.The scope of the work includes, but is not necessarily limited to the following:An analysis and economic evaluation of the market area based on compilation of pertinent market data, and a review of those economic indices which would be most relevant to the success of the proposed project.An assessment of the site and surrounding area to determine their suitability for the proposed condo hotel, taking into consideration such factors as accessibility, visibility, and proximity to demand generators.An analysis of the existing hotels as well as those under construction, planned, or rumored in market area that would provide the primary competition to the proposed condo hotel.A determination of the current overall market demand and rooms in the subject area and the share of market demand that is generated by tourists, commercial travelers, and group meetings/convention delegates.A projection of growth rates for the various market segments based on the factors that should impact the future demand for hotel rooms.An evaluation of the projected hotel supply and demand relationship in the market area to reach conclusions regarding the market support for the proposed condo hotel.Comment on the proposed facilities in terms of number, mix, and type of guest rooms, and recreational amenities.Comment on the proposed facilities in terms of style and size.Projections of occupancy and average room rate for the proposed hotel, including projected market mix of guests.Projections of cash flow from operations before fixed charges for the first five years of operations.
Residential Market Evaluation
Times Group Corporation is looking for a high-level student(s) to join our team for a condo project located in Niagara Falls, Ontario if built. The student(s) will assist the client with a report and presentation that will include the following work and deliverables: market analysis unit pricingoptimum unit mix and sizesachievable rentsamenity packageappropriate marketing and leasing strategies The main point of contact: Shadi AghaeiWeekly meetings via Zoom as follows: Week 1: Introduction, Week 2: Work planning, Week 3 and onward: Weekly progress meeting and discussions, Week before last: Final Presentation, Last Week: Final Report
Online Sales and Marketing Strategy
The Intern’s function would consist of research, analysis, coordination, administration in supporting the strategy development and its objectives.
Online Sales and Marketing Strategy
The Intern’s function would consist of research, analysis, coordination, administration in supporting the strategy development and its objectives.
Online Sales and Marketing Strategy
The Intern’s function would consist of research, analysis, coordination, administration in supporting the strategy development and its objectives.
Residential Market Evaluation
Times Group Corporation is interested in evaluating the market depth and overall viability of developing a new high-rise residential condominium project noting that the condo rules would prohibit the units to be rented as vacation rentals.This project may include, but is not limited to:1. Site and Neighbourhood Context 1.1 Site Attributes 1.2 Site Challenges2. Demand Analysis3. Local Market Context 3.1 Condominium Market Overview 3.2 Low-density Market 3.3 Future Supply4. Market Recommendations 4.1 Project Scale 4.2 Suite Mix, Unit Sizing and Pricing 5. Financial AnalysisThe report for Times Group Corporation should provide a residential market feasibility analysis with a focus on high-rise condominium for a property located in Niagara Falls, Ontario.
Residential Market Evaluation
Times Group Corporation is interested in evaluating the market depth and overall viability of developing a new high-rise residential condominium project noting that the condo rules would prohibit the units to be rented as vacation rentals.This project may include, but is not limited to:1. Site and Neighbourhood Context 1.1 Site Attributes 1.2 Site Challenges2. Demand Analysis3. Local Market Context 3.1 Condominium Market Overview 3.2 Low-density Market 3.3 Future Supply4. Market Recommendations 4.1 Project Scale 4.2 Suite Mix, Unit Sizing and Pricing 5. Financial AnalysisThe report for Times Group Corporation should provide a residential market feasibility analysis with a focus on high-rise condominium for a property located in Niagara Falls, Ontario.
Residential Market Evaluation
Times Group Corporation is interested in evaluating the market depth and overall viability of developing a new high-rise residential condominium project noting that the condo rules would prohibit the units to be rented as vacation rentals.This project may include, but is not limited to:1. Site and Neighbourhood Context 1.1 Site Attributes 1.2 Site Challenges2. Demand Analysis3. Local Market Context 3.1 Condominium Market Overview 3.2 Low-density Market 3.3 Future Supply4. Market Recommendations 4.1 Project Scale 4.2 Suite Mix, Unit Sizing and Pricing 5. Financial AnalysisThe report for Times Group Corporation should provide a residential market feasibility analysis with a focus on high-rise condominium for a property located in Niagara Falls, Ontario.
Évaluation du marché résidentiel
L'entreprise Times Group Corporation est intéressée à évaluer la profondeur du marché et la viabilité globale de l'aménagement d'un nouvel immeuble d'habitation en copropriété de grande hauteur, tout en précisant que les règles régissant la construction de condos interdisent la location de ces unités pour des fins de vacances.Ce projet peut inclure, mais sans toutefois s'y limiter :1. Contexte du site et du quartier 1.1 Attributs du site 1.2 Défis du site2. Analyse de la demande3. Contexte du marché local 3.1 Aperçu du marché des copropriétés 3.2 Marché à faible densité 3.3 Offre future4. Recommandations de marché 4.1 Portée du projet 4.2 Mélange des suites, dimensionnement et prix des unités5. Analyse financièreLe rapport pour Times Group Corporation doit fournir une analyse de faisabilité du marché résidentiel en mettant l'accent sur les tours d'habitation en copropriété pour une propriété située à Niagara Falls, en Ontario.
Évaluation du marché résidentiel
L'entreprise Times Group Corporation est intéressée à évaluer la profondeur du marché et la viabilité globale de l'aménagement d'un nouvel immeuble d'habitation en copropriété de grande hauteur, tout en précisant que les règles régissant la construction de condos interdisent la location de ces unités pour des fins de vacances.Ce projet peut inclure, mais sans toutefois s'y limiter :1. Contexte du site et du quartier 1.1 Attributs du site 1.2 Défis du site2. Analyse de la demande3. Contexte du marché local 3.1 Aperçu du marché des copropriétés 3.2 Marché à faible densité 3.3 Offre future4. Recommandations de marché 4.1 Portée du projet 4.2 Mélange des suites, dimensionnement et prix des unités5. Analyse financièreLe rapport pour Times Group Corporation doit fournir une analyse de faisabilité du marché résidentiel en mettant l'accent sur les tours d'habitation en copropriété pour une propriété située à Niagara Falls, en Ontario.