Environmental Issues

Statement of the problem
What is the monetary value placed on rooms that have good views

Significance of the Problem
The study can aid in knowing whether there is a monetary value on the rooms with a view.

Literature Review
The literature reviewed consists of previous studies on different amenities and the concept of willingness to pay for goods.

There are methods in place that shows the valuation methods for support of public for a particular investment.

The price of a house can be increased when accompanied with a pleasant view.

Methodology
Identification of the differences between the rate of hotel rooms in Hotel Zrichberg that has a view from those that have one and with the rates of hotel rooms in Hotel Storchen, which does not have a good view.

Computation of the asset value of rooms with views and without views on both hotels.

Basic Findings
There is a higher value placed on the hotel rooms with a view.

Hotel rooms that have good views receive a higher rate of occupancy.

Implications
People consider the view from the room when choosing where to stay.

Hotel managers give a higher price for hotel rooms with views because of the greater demand.

Threats to validity
The sample is relatively small that can affect the findings of the study as the researchers only used two hotels in one country.