We are pleased to present the June 2004 HVS International Journal - a "best of" compilation of the past year's articles that were compiled for the 2004 NYU Conference.
            
            
                
        
        HVS International, in cooperation with New York University’s Preston Robert Tisch Center for Hospitality, Tourism, and Sports Management, is pleased to present the seventh annual Manhattan Hotel Market Overview.
            
            
                
        
        The Hotel Industry is Starting to Recover
            
            
                
        
        As Australia’s leading commercial city and the gateway for most international travellers to Australia, the demand for hotel room nights in Sydney acts as a barometer for the general performance of the hotel industry across the country.
            
            
                
        
        Hotel Life Expectancy
            
            
                
        
        In this article the author explains how cash-flow modeling is an important part of a timeshare project's initial planning stages.
            
            
                
        
        Individual components of the business can be analyzed and evaluated separately.  A timeshare development is actually three businesses in one, each with distinct characteristics and value observations as noted in the article.
            
            
                
        
        Steve Rushmore's May 2004 Hotels article.
            
            
                
        
        The Australian tourism industry had a difficult start to 2003, due to the hostilities in Iraq and the outbreak of SARS. This article reviews hotel performance for the 12 months to December 2003 in Sydney, Melbourne, Brisbane, Perth and Adelaide.
            
            
                
        
        Looking only at new spending and income are not sufficient to determine public sector investment in hotel and tourism projects, and a broader definition and measurement of the economic impact of these projects is necessary.