Publications & Events

HVS provides thousands of articles on all aspects of hospitality, including hotel valuations, investing, lending, operations, asset management, and much more.
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Hotel Valuation Index : Hong Kong

The HVI is the authoritative guide to U.S. hotel values, giving hotel stakeholders an educated edge in buying, selling, and holding opportunities. This online tool provides historical and projected values and RevPAR for the Hong Kong market.

Market Snapshot: Asia Pacific 2023

The Market Snapshot: Asia Pacific 2023 highlights an overview of transaction activity in the region and presents 25 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.

In Focus: Singapore

HVS publication In Focus Singapore 2023 provides an overview of Singapore’s economic outlook, infrastructure development, tourism landscape and hotel market performance, hotel transactions and investment in 2022, COVID-19 situation and outlook.

Paid Publication HVS Guide to Hotel Management Contracts

This guide, to be published in 2023, will provide an extensive review of hotel management agreements across the United States, offering an in-depth understanding of the key terms and clauses of these agreements. In addition, the reviews are supported by expert insights to provide you with relevant and useful information.

Why is this guide more relevant than ever?

Among all the many peculiarities of the hotel industry, the hotel management contract is likely the most unique. It is a binding contract between owners and operators that has evolved over almost six decades; in fact, the first hotel management contract was signed for the Hong Kong Hilton, which opened in 1963.

The management contract structure allowed hotel companies to expand rapidly and become what is now known as “asset light.” Of course, hotel owners stand to benefit, in that they can bring in sound management expertise to their property and partake in the financial upside, unlike the traditional lease model that preceded it. Leveraging their management expertise, operators pushed for the hotel management contract to rapidly become the norm in the industry as a “take it or leave it” proposition to owners.

Over time, the hotel management contract has become an intricate web of terms and clauses that defines the relation between owner and operator. The balance of power in this relationship needs to be carefully established, which was, and unfortunately still is, not always a given. Owners need to be on their toes and bring in expert advice from consultants and lawyers to navigate the complexities of an agreement that can bind them for decades to come.

This year’s HVS Guide to Hotel Management Contracts by Robert Fitzpatrick and the HVS Hotel Asset Management & Advisory Team will give insights into prevalent terms and how contracts have evolved over the last five years. This guide provides a reference for owners to understand the language of hotel management contracts while demonstrating our extensive “hands-on” experience. The authors provide insight into the five principal sections of a management contract: term and renewals, operator management fees, performance test, budget and expenditures, and termination of the contract by owner. Key money and indemnification are also addressed.

We hope this guide can serve the industry as a reference to make better decisions, effecting better and more-balanced relations between owners and operators.

  • The full guide and survey report, comprising approximately 30 pages, can be purchased for US$2,000.

All reports are available in PDF (soft copy) only. A personalized copy of the report will be sent.

For more information, please contact Robert Fitzpatrick at [email protected].

HVS Monday Musings: Understanding Hospitality REIT

Hotel REITs or InvITs could be a game-changer for the Indian hospitality industry. Read on to know more.

Market Snapshot: Asia Pacific 2022

The Market Snapshot: Asia Pacific 2022 highlights an overview of transaction activity in the region and presents 25 markets’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.

HVS Monday Musings: International Flight Resumption – A Gradual Return to Normalcy for the Indian Travel Sector

The resumption of regular international flights in India is the first step towards a gradual return to normalcy for the travel and hospitality sectors. Read on to know more.

In Focus: Singapore

HVS publication In Focus Singapore 2022 provides an overview of Singapore’s economic outlook, infrastructure development, tourism landscape and hotel market performance, hotel transactions and investment in 2021, integrated resorts overview, COVID-19 situation and outlook.

HVS Monday Musings: Indian Hotel Sector’s Wish List for the Union Budget, 2022-23

This article highlights a few recommendations that India's Union Budget 2022-23 can focus on to help the Indian travel and hospitality sector during these trying times.

Market Snapshot: Asia Pacific 2021

The Market Snapshot: Asia Pacific 2021 highlights an overview of transaction activity in the region and presents 26 cities’ current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.

HVS Monday Musings: Repurposing Hotels is a Growing Trend Globally

Hoteliers across the globe are repurposing hotel properties to emerge out of the crisis. This article discusses a few such instances.
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