Performance Clauses Essential In Contract
As the struggle goes on to recover from the aftermath of the biggest earthquake ever seen, where there can be no underestimating the scale of the human devastation wrought by Asia's horrific tsunamis, and yet the overall economic impact is minimal.
2004 Canadian Hotel Transaction Survey
Tsunami highlights tourism industry's biggest handicaps: its vulnerability to changes in the immediate environment. It is among the first to get affected but among the last to recuperate. Sri Lanka prepares itself for the troubled times, yet again.
Since its inception, the economy segment has undergone a continual process of transition. Although most owners, operators and lenders take a “stick to the basics” approach, a problem arises when one attempts to define just what “the basics” are.
When investors and lenders call and ask “what are hotel cap rates today?” the first question is, “what net income are you using in your equation?”
Balancing Financial and Non-Financial Objectives in Public-Sector/Private-Sector Hotel Relationships
Public-/private-sector partnerships, while sometimes challenging, can certainly result in a win-win situation when financial and non-financial goals and objectives are clearly defined and effectively aligned.
Retrospectively, 2004 was a banner year for the gaming industry, highlighted by revenue spikes, major consolidation, and significant expansion (both domestically and internationally).
In this article, the authors discuss why the current trend of converting the use of transient lodging facilities in Hawaii to alternative uses is so appealing to developers.
The Southern California lodging market, consisting of hotel products in Los Angeles and Orange Counties, expects a banner year for 2004.