Prevalent incentive management fee structures partly align the interests of hotel managers with those of owners. They also arbitrarily reward managers primarily on market performance, rather than management effectiveness. A new approach is discussed.
As the boutique hotel sector continues to grow, operators must work harder to create a point of difference for their properties as well as to maintain a sense of exclusivity and aspiration, as we investigate this further in the following article.
Bed-and-breakfasts and small inns dominate the lodging landscape at Port Townsend. Lodging demand has remained stable since 2004. Infrastructure improvements and marketing efforts will support growth, while additions to hotel supply will temper it.
The article briefly outlines the challenges that food and beverage outlets in hotel have faced in the past, as well as recent and current trends that are occurring to address these challenges.
Steve Rushmore's July 2011 column in Lodging Hospitality magazine.
This article presents a picture of the Lisbon hotel market up to May 2011 and our view on current tourism and hospitality trends and tendencies for the city.
How could this affect countries like Argentina and Uruguay, where the American dollar has historically been the only reference currency? Is it time to think of other options like those used in Brazil or Chile?
Hotel investment in the Nordics is dominated by a handful of regional investors and companies. Few brands have a major presence in the area, as the main barrier to entry is the preference for operational leases rather than management agreements.
The 2011 Hotel Cost Estimating Guide is a comprehensive listing of capex construction and FF&E costs for hotel renovations that evaluates costs in a variety of hotel tiers and features articles by executives at HVS, JN+A, and HVS Design.
Strata hotels, otherwise known as condo hotels, are hotel properties where investors can purchase individual units of the hotel itself.