TY - JOUR N2 - Accommodation tourist industry is characterized by high variability. For this category of services not only the location is crucial- that does not change, but also the standard, prices and seasonality of services. In the recent years, leisure centers performing functions only during the summer time have seen the possibility to extend their activities beyond the summer months. The reasons for this are the local investments requiring qualified staff which comes from different parts of the country, Europe and the world while creating dernand for accommodations. To meet the possible demand needs and to adapt to cold season, performing thermo-modernization works is necessary. In order to find the best solution and answer those needs, analysis of the profitability of the investrnents in a chosen holiday resort was carried out. The article presents the results of the analysis based on the payback period, LCC analysis and assessment of the investments risk. L1 - http://journals.pan.pl/Content/84098/mainfile.pdf L2 - http://journals.pan.pl/Content/84098 PY - 2016 IS - No 2 EP - 147 KW - LCC KW - life cycle cost KW - flexibility in construction KW - breakeven point A1 - Milwicz, R. A1 - Nowotarski, P. PB - WARSAW UNIVERSITY OF TECHNOLOGY FACULTY OF CIVIL ENGINEERING and COMMITTEE FOR CIVIL ENGINEERING POLISH ACADEMY OF SCIENCES DA - 30.06.2016 T1 - Flexible adjustment of hotel facilities to market demand SP - 135 UR - http://journals.pan.pl/dlibra/publication/edition/84098 T2 - Archives of Civil Engineering ER -