Added on -2020-02-24
This report is written to define the business feasibility study, the purpose, and role of the feasibility study and evaluate if developing a capsule hotel in Singapore will be a viable venture. Market feasibility is responsible for describing the market for the products, potential buyers, sales estimation, and competition. The description is concerned with determining if the product and services to be offered will attract customers and if the mode of delivering the products and services will be efficient.
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It is concluded that Capsule hotels are growing rapidly because they offer facilities that are not provided by other hotels. These hotels are becoming more and more known because they offer state-of-the-art facilities that make their customers more comfortable and secure as they provide enough security for customers and tourists' valuables. "Customer Service In Travel And Tourism Sector" is important for better analysis. Capsule hotels carry out a feasibility study before commencing business ventures in different countries and that is the reason behind their success as they only invest in viable business projects.
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