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
Technologists and Hoteliers have very different personalities, yet both are critical to successful hotel technology decisions. This article explores the nature of that sometimes difficult collaboration, and offers some advice for a smooth process.
Hotel Life Expectancy
Tour flow alone typically will not fill a hotel. Business travelers, meeting and convention travelers, and pleasure or leisure travelers are the three primary market segments that comprise the total of lodging demand.
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.
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.
The real growth of the food industry is consideraly less than the apparent increases signaled by steadily rising sales volumes. Nevertheless, there are opportunties for growth and profits for well-managed restaurants.
Hotel owners must know what they are getting into before signing that franchise agreement.