AZA Group Investment in a Hotel 2020
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We were contracted by AZA Group to develop a hotel project at Maldives. Initially, we worked on the concept and designing the structure. We also prepared an EOI to procure contractors to do the works. After the EOI was successful, we had the project team finalized and the project started. At first, the project was to be completed in 6 months. The plan was to open the hotel at the end of 2020. But, due to a slowdown in the Maldivian tourism industry
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As mentioned in my article “Hotel Market: Analysis, Analysis, and Analysis”, a significant number of hotels opened their doors globally in 2020. Due to the global COVID-19 pandemic, many travelers postponed their trips and, consequently, the demand for hotels declined. However, the pandemic did not stop many hospitality giants from investing in the hospitality sector. One such company that made a significant investment was AZA Group. Founded in 2006, AZA
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The hospitality industry is one of the most competitive sectors globally. Hotels operate as major businesses providing services that cater to different needs, from leisure to corporate to the tourism industry. The industry is driven by a focus on quality, cost-cutting, and customer satisfaction that attracts investors and potential customers. Investors tend to focus on hotel assets, which include land and buildings, hotels and leisure facilities, food and beverage, and other related assets. In this case, we will be analyzing AZ
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I recently joined AZA Group as a case study writer on the team responsible for writing business case studies on successful hospitality businesses. that site The task assigned to me was to write a detailed case study of a small-scale hotel that I personally reviewed in my recent travels. After conducting thorough research on the hotel’s operations, branding, competitive analysis, financial metrics, and strategic direction, I was confident that I could write a successful business case study. I began by conducting a comprehensive SWOT analysis (Strengths, Weaknesses
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1. The company is in the hospitality industry and was established in 2008 in the US. 2. I joined the company in 2010 and have held several positions. I have been a director and also actively participated in marketing and customer service. I have a Bachelor’s degree in Marketing and Management. 3. In 2017, I was tasked to handle the hotel acquisition. The company has plans to enter new markets by investing $1.2 billion in 25-35 like it