Reference no: EM132859316

If locating a new hotel in the area of Halifax and Sydney in Canada is being planned, A short essay about business plan development and industrial description is required specifying some key factors such as

-The size of the hotel industry and how many sectors it includes;

- Key information on industry markets, demographics and niche areas;

- Who the major players are in industry - competition;

- The suppliers and/or distributors in your industry, if applicable;

- Key industry and economic trends affecting your industry;

- Any social, cultural, environmental or geographical factors that impact the industry;

- What certifications (e.g. ISO), insurance and industry regulations are required;

- An outline of government regulations affecting your industry; and

- The overall growth potential of the industry.demonstrate that the risks are analyzed and know where the new business fits in this industry. Points to include here should include:

-What sector of the industry you plan to enter or expand into;

-What will distinguish you from any competition in this area, i.e. what's your competitive edge;

-Who your direct and indirect competitors are and their anticipated reactions to your new enterprise; and

-A detailed analysis of any other potential obstacles/risks. also identify weak links and/or difficult issues, and include any appropriate contingency plans in your industry description. possible references are required