Operating budgets are planning tools that should not be used as benchmarks to measure management’s performance. Adjusting budgets for the market’s RevPAR performance makes them far more relevant. This article explains how to make these adjustments.
Steve Rushmore's February 2011 article for Lodging Hospitality magazine.
The Middle East Hotel Survey 2011 includes 352 hotels and some 93,500 hotel rooms (an increase of 36% on last year) across 52 cities in the Middle East, making it one of the most reliable benchmarking surveys in the region.
This article provides an overview of the Belizean tourism industry, while taking a closer look at the national lodging market and highlighting specific regions offering the greatest potential for hotel development.
This article highlights the impact that the pro-democracy uprisings in countries such as Tunisia, Egypt and Libya have had on the region’s hotels, including dramatic changes in values.
Japan recently registered one of the most devastating earthquakes in recent history, followed by a tsunami and a severe emergency situation at a nuclear power plant. What are the implications for the Japanese Hotel and Tourism Industry?
Driven by a booming economy and increasing disposable incomes, mainland Chinese are looking more and more to travel abroad. In what markets do they make their mark, and how does one have to cater to them differently from other travelers?
Atlantic City has faced unprecedented challenges in 2010; four consecutive years of declining total gaming revenue and regional gaming supply that continues to ramp-up. Changes are ahead, as the New Jersey legislature considers options.
A brief overview of the hotel market in Doha, Qatar. We address key factors that impact the demand for transient accommodation, expected changes in supply, and specific challenges related to Qatar’s successful bid to host the 2022 World Cup.
Hotel appraising is done in different markets across the world and valuation experts generally consider three approaches to valuing a hotel asset. What are the pros and cons of each approach and which is more applicable when valuing your property?