On the sidelines of hotel development, conducive to creating a new hotel supply, and beyond the capital invested in the maintenance and renovation of existing facilities, acquiring existing assets sometimes mobilizes impressive sums and is a basic aspect of hotel investment. During the hotel boom years, from 2005 to 2008, the amount of global transactions surpassed 20 annually, or $ 25 billion. The 2009 financial crisis has dampened the enthusiasm of many investors and restored order to the market.
The development of the hotel industry simply accompanies the rise of global population whose incomes are increasing enough to become consumers of commercial accommodation.
It is therefore necessary to identify ahead of time, the prospects for economic growth in large - and small - nations to be present when the market evolves from potential to cash cow. The same goes for the flow of international travelers, when the overall volume of international trips has exceeded the billion mark in 2012.
Many of these travelers will favor major tourist cities and economic capitals, and hotel groups must also be prepared to accommodate them. Hotel development is a complex alchemy, a real refinery process that requires expertise, innovation, financing, raw materials....
All these ingredients are transformed into concrete projects feeding pipelines that run the planet in a huge competition among international hotel groups and ambitious local players.
To read the whole report, connect to your Subscribers' Space or buy the article online: hospitality-on.com/les-dossiers
It is therefore necessary to identify ahead of time, the prospects for economic growth in large - and small - nations to be present when the market evolves from potential to cash cow. The same goes for the flow of international travelers, when the overall volume of international trips has exceeded the billion mark in 2012.
Many of these travelers will favor major tourist cities and economic capitals, and hotel groups must also be prepared to accommodate them. Hotel development is a complex alchemy, a real refinery process that requires expertise, innovation, financing, raw materials....
All these ingredients are transformed into concrete projects feeding pipelines that run the planet in a huge competition among international hotel groups and ambitious local players.
To read the whole report, connect to your Subscribers' Space or buy the article online: hospitality-on.com/les-dossiers
