Global Hospitality Report (August 28, 2017)

HVS Releases the Guide to Hotel Management Contracts | Includes 2017 Global Survey Results  
By Manav Thadani and Juie Mobar

The HVS Guide to Hotel Management Contracts presents the results of an extensive review of hotel management agreements conducted across the Americas (USA, Canada and South America), Europe, the Middle East, Africa (EMEA), and the Asia Pacific (APAC) regions, in addition to offering an in-depth understanding of the key terms and clauses of such agreements. The global survey sample set comprises 475 hotel management contracts representing close to 120,000 rooms and 55 first-tier (branded) hotel management companies, in addition to several second-tier (third-party) management companies and few independent operators. What’s more, each regional sub-section is accompanied with a foreword by an HVS expert practicing in the area, and the sub-set results are supported by discussions and insights to provide the reader with useful and relevant information. You may order the full guide and survey report, or just a regional report; please select your preferred option prior to making the purchase.

Top 6 Hotel Success Factors 
By Luigi Major, MAI

In this article, Luigi shares what he believes to be some of the most important factors that must be considered in the acquisition or development of a hotel, which ultimately lead to a property’s financeability, profitability, and long-term success.

The HVS Quarterly Hong Kong and Macau Update 
By Christy Tung and Daniel Voellm

Hong Kong and Macau both reflected an increase in travellers in Q2 2017, signalling a reversal from the sharp declines in 2016. What factors may be attributed to these trends? How are the non-Chinese markets contributing to this recovery?

Radisson Blu Hotel in Bucharest to be Sold by the End of the Year  

Israel-based Elbit Imaging has signed a non-binding agreement to sell a 98.2% stake in the Radisson Blu Hotel, Bucharest in Romania's capital to an investment fund for €177.5 million (€364,500 per room). The 487-room hotel is part of a complex in the city centre that also includes the Park Inn by Radisson Bucharest Hotel & Residence.


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