In the July 2003 issue of hotels magazine, Jeff Weinstein's editorial addressed his observations made during the NYU hotel investment conference that even though various hotel industry leaders "don't know what the future holds" the usual list of indu
The Impact of Hosting Olympic Winter Games
Week of April 6 to April 12
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Week of April 20 to April 26
Don't Worry About Room Rates
Hoteliers may be able to do something about functional obsolescence. But external obsolescence - the social and economic context of a hotel - is beyond a hotelier's control.
During periods of economic stress in the hotel industry, smart owners and operators carefully review their hotel's property tax assessment to determine whether there is sufficient justification to seek a reduction.
One of the significant expense items incurred by a hotel is the property taxes paid to local municipalities.