They are likely to be aware of other competitors and can influence the revenue generated by the company International Customers: Tese include tourists and other foreigners who might want to visit or lodge in the re-developed building. Te choice of a new way of using the land is therefore dependent on the kind of arrangements that attracts them to lodge in there, snce their patronage will determine the revenue base of the future building. Cnstruction companies: Tis include the construction companies available on the market who can develop Ay new concept that will be developed must be based on the availability and the quotes of such companies on the market.
Cmpetitors: I choosing a given form of hospitality activities, mnagement need to understand the kind of companies delivering similar services. Te competitiveness of the new re-development must be assessed in relation to competitors to establish the appropriateness of the new concept that is going to be chosen. Te wider community is also very important. Tis is because the building and new concept will run in the geographical which it is located.
Tis means that the trends in tourism, rsidency and hospitality conditions in the area the building is located will affect the type of concept that can be chosen by management. Gvernment and its agencies: Rgulations and constraints that are set by the national and local government is very important. Tis is because it will affect the kind of permission that can be granted for the operation of a given concept. Tus, irespective of any choice that proves popular with management, i will be dependent the and environmental regulations operational in the wider community.
Tere is the need for the management to undertake a detailed and critical analysis of the existing building. Tis implies that they will have to access some technical details of the building to determine the possible uses to which the building can be put. Tis is because it is not every redundant building that can be gentrified for every purpose. Tere might be some purposes for which the building cannot be put to. I the business fails to do evaluation, te risk legal suits for negligence.
Tis is because when the land is put to a use that proves to be dangerous to people who visit it, tey will be. ..
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