Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.
Each year, HVS researches development costs from our database of actual hotel construction budgets, industry reports, and franchise disclosure documents. These sources provide the basis for our range of component costs per room.
Traditional hotel development in ski resort towns has slowed nearly to a halt, with barriers like limited land and high costs putting pressure on new builds. But hotel demand and performance are on the rise and the “barriers” may not be so imposing.
Revenue management for hotels has transformed over the past four decades, though some of its tried and true principles remain in place. What does the practice of modern revenue management mean to hotel operations?
A hotel manager's most important tasks are making money for the owner and maintaining the asset. Satisfied guests and motivated employees are among the tools, but cost controls are also critical components of the formula.
This description of a sales tax audit is an opportunity to minimize potential problems with sales taxes. While focused on Minnesota much of it applies to any state with sales taxes. Do not construe this article as legal or tax advice.
Steve Rushmore's August 2011 column in Lodging Hospitality magazine.
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?
De uma maneira simplista, um investimento é vantajoso sempre que sua rentabilidade esperada for maior que a de outros investimentos com nível de risco menor ou igual ao do considerado.
A constituição de uma nova estrutura de governança, o Grupo Gestor do Destino, apresenta-se como uma iniciativa importante para melhorar o nível de competividade de uma localidade turística.