Topic: sponsored - Wyndham Hotel Group

The Stages of Hotel Development, Part I – Defining the Action Plan

Developing a hotel is an incredibly unique and rewarding business venture, but it’s not one for the faint-hearted. From conception to ribbon-cutting, the hotel development process requires a clear vision, immense strategic planning and serious perseverance. On top of the traditional challenges of opening a new business, today’s economic landscape compels developers to vet every decision more thoroughly than ever before to successfully determine where to develop, what type of hotel to build, and how it will attract travelers in today’s ever-changing markets.