Hotel Market Study and Feasibility Analysis Services

The City of Salem, Virginia, is seeking consulting services to conduct a comprehensive hotel market study and feasibility analysis. The agency needs to assess the demand for hotel accommodations within the city and evaluate overall economic conditions. This project aims to determine the viability of potential hotel development opportunities and provide concrete facility and site recommendations. The scope of work covers a community-wide market evaluation, a detailed demand analysis, and specific facility recommendations. The selected contractor must also perform a financial feasibility analysis, which includes projecting revenues and expenses for potential hotel developments. All performance of the work will occur offsite. Eligibility is restricted to onshore organizations based in the United States. The agency has not disclosed a specific budget and is looking for proposals to define the cost. Bidders must submit all questions regarding this opportunity no later than July 1, 2026.