Conducting a Comprehensive Market Analysis for a Distressed Hotel: Strategies for Recovery

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In the ever-evolving hospitality industry, hotels can occasionally face distress due to various factors such as economic downturns, changes in consumer preferences, or mismanagement. When a hotel finds itself in a distressed state, conducting a thorough market analysis becomes crucial to identify opportunities, evaluate competition, and develop effective strategies for recovery. This article aims to outline key steps and strategies involved in conducting a market analysis for a distressed hotel.

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