
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...
This content is for subscribers only. You have 80% left to discover.
Every week, the HON team brings you an expert look at the world of hospitality.
By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.
BECOME A MEMBERAlready a member ? Login