What is needed to reposition an entire destination? All around the world destinations reach a mature life cycle and are forced to re-invent themselves due to increased global competition. This case study on Montenegro can provide an insight.
Hotel loans, transactions, and performance were on every hotelier’s mind at this year’s conference in Atlanta. Hospitality experts from all walks of life were on hand with answers and advice on how to move ahead.
HVS provides a guide though the peaks and troughs of the various hotel markets in Russia, the CIS and Georgia, giving lenders, investors and owners a clearer view of the region from a valuation perspective.
October 13, 2011
ByAlexey Korobkin ,Saurabh Chawla
Due to increased hotel development in Russia and the CIS, it is important for owners to better understand different types of relations with the hotel operators. In this article we address some of the main terms of a typical management contract.
С развитием гостиничного бизнеса в России и СНГ собственникам и инвесторам важно понимать различные способы сотрудничества с гостиничными операторами. В данной статье мы обсудим основные аспекты договора на управление отелем.
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.
September 16, 2011
ByCristina Balekjian ,Lara M Sarheim
The primary role of the F&B department is to enhance the overall profits of a hotel. Many claim hotels with F&B should maximize the department’s profit or lease income. Instead, maybe the departmental profit motive should be secondary.