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Which one of the following activities involved in the development process determines whether: (1) the proposed project is unfavorable and another site needs to be selected, (2) the proposed project is favorable but the project concept needs to be refined, or (3) the proposed project is favorable and approval is then given proceed.

Resort developers must account for the environmental interests of resort users as well as homebuyers when planning the site.

Even with advances in modern construction technologies, constructing a mountain-side resort development on an unbuildable site is still impossible.

As the age of the property increased, revitalization and renovation of the development became necessary.

In the context of multi-use resort development teams, the developers will change over time during the community’s creation, maturation, and evolution.

Why must a developer understand the geographic origin of source markets or their demographic profile and values when proposing a new resort or hotel concept? Give two reasons in your response.  Respond in three to four sentences.

The following section will test your knowledge on the Market Studies. As with the previous section, you will find a variety of questions to include Multiple Choices, True or False, and Short Answer.

This process of resort planning calls for a theme or vision of what he resort should be and what kind of experience it should provide.

Which one of the following market segments is price in-elastic?

In a short paragraph of three to six sentences, identify (name) and then describe three characteristics of the resort development process. For each characteristic identified, you will earn 1 point with an additional 2 points for describing that characteristic.