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Hotel feasibility studies are critical in the determination of hotel construction, sales and refinancing. Discrepancies have been reported between forecasted results and actual operating results. The author, with funding provided by the Hilton corporation, examines whether such studies under- state or overstate occupancy, average rate, and net income.
Tarras, John M.
"Accuracy of Hotel Feasibility Study Projections,"
1, Article 7.
Available at: http://digitalcommons.fiu.edu/hospitalityreview/vol8/iss1/7