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Given the current state of the economy, and the growing consensus that a recession is near, if not here, what is the outlook for the hotel industry? This article reviews past cycles, to gain some insight into future occupancy and average rate trends.
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Development activity and increased visitation converge to quicken the pulse of this heartland city.
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Once thought of as a big oil town, Houston’s vast array of new developments are taking off throughout "Space City."
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New developments are making the “Walled City” more welcoming than ever, while limited supply allows occupancies to remain strong and average rates to increase tremendously.
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This article reviews the main terms of a typical European hotel management contract. Note that the terms and definitions provided below are broad indications and that any of these terms can vary depending on various factors.
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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.
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French Polynesia has developed into the ultimate South Pacific destination, a ‘once-in-a-lifetime’ journey only affordable by a privileged few. Significant tax incentives are available to developers to encourage further development.
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The Facts About Induced Demand
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The real estate capital markets demonstrate a remarkable ability to change and adapt. Perhaps, the most significant example is the emergence of the Commercial Mortgage Backed Security (CMBS)...
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As the national economy continues to rebound from the 2001 economic downturn, the hotel industry also follow this positive trend with impressive annual RevPAR growths, beginning in 2004.