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Effects of Major Renovations on Hotel Market Penetration and Net Present Value

In this article, we seek to understand and quantify, through analysis, the impact of a major renovation on a hotel’s occupancy and rate penetration and, ultimately, the effect on income and net present value.

About Luigi Major

Luigi Major, MAI, is the Managing Director and Senior Partner of HVS Houston. Luigi earned his bachelor's degree from the University of Houston's Conrad N. Hilton College of Hotel and Restaurant Management. Luigi travels and works extensively in the U.S. and Latin America. Contact Luigi at (214) 629-1135, or lmajor@hvs.com.

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