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Investments for renovations 2014: less for upgrading to meet code and more for the product

2 min reading time

Published on 19/11/14 - Updated on 17/03/22

When it comes to renovations, for several years hoteliers have needed rise above difficulties related to the slow economy while respecting mandatory upgrades and making their product evolve. While the total of investments (aside from major operations at palaces) in most hotels is not truly taking off in 2014, at least this investment is refocusing on improving the product rather than meeting new building codes, as a survey by Hospitality ON with Olakala shows.

While the investment equation for renovations in 2013 was already difficult, in 2014 the problem is not becoming any easier to resolve. Investments for renovations made by hoteliers have the same variables involving updating equipment according to code and the difficulties inherent to financing...

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