With hotel expert analysis showing the prospect of growth and opportunities of increasing gross margins, you would expect that investors and financiers are taking the opportunity to cash in on projected returns. Having gone through the recession and came out scathed, the hotel industry has seen a great reduction in investment prospects since 2008 to…
Hotel experts at the recent American Lodging Investment Summit (ALIS) could be labeled as cautiously optimistic about what they opined on in terms of the outlook for growth and new hotels this year and next. Other specialists in a separate report provide a good foundation and reason why hotel-retail mixed-use development may signal the start…
Having an on-site hotel management expert for revenues is critical in today’s economy and shifting focus to the Internet for hotel bookings. Depending on the size of the lodging property, either the general manager or a specific hotel revenue department head with specific revenue management expertise should be in charge of handling the hotel’s gross…
Abraham Maslow’s hierarchy of needs lists food, water, reproduction, breathing, and bodily functions as the only requirements humans need more than security. In light of worldwide travel incidents involving women, any hotel expert will suggest that female guests should be offered a bolstered sense of security. Although most recent incidents were out of the country…
Litigation creates headaches. Unfortunately, though, it remains part of the cost of doing business. For hotel owners, you may not know whether the litigation might come from a patron, an employee, a franchisee, or a business partner, but you know it will come. You work to prevent it through policies and contracts, but you can’t…
The current wisdom among hospitality experts suggests that the 3 RRRs (recovery, rates and refurbishing) will dominate lodging industry concerns and its focus in the near term. However, at the core of the last of the 3 RRRs will be the need for a higher return on investment on PIPs (property improvement plans). Otherwise, we…
Depending on which analysis and what hotel expert you follow as to the state of the hotel industry this year, there are a number of mixed news reports. There also appears to be a slight conflict between the numbers reported and what to expect going forward at least for the remainder of this year. According…
Hotels expert firms shared insights into what they perceive as continued indicators for investment growth in the hospitality and lodging industry. However, others suggest that the economic uncertainty during these same periods of projected investor growth continues to prevail given the state of the domestic and international travel markets. According to the panel at the Hotel…
Some of the drivers for a hotel asset manager to maximize returns for its owners and investors are timing and market opportunity. In particular are the when and where given the cyclical nature of hotel investments and the acquisition and disposition timeline in order to get the best return. Get it right and there is…
On the minds of many a hotel expert, investor and management company going forward into next year is uncertainty in lodging industry performance. The so-called “fiscal cliff” has many developers, buyers and lending firms waiting on the sidelines while they look for a clear direction about the current economy before making decisions on where and when…