Prevalent incentive management fee structures partly align the interests of hotel managers with those of owners. They also arbitrarily reward managers primarily on market performance, rather than management effectiveness. A new approach is discussed.
Steve Rushmore's July 2011 column in Lodging Hospitality magazine.
How could this affect countries like Argentina and Uruguay, where the American dollar has historically been the only reference currency? Is it time to think of other options like those used in Brazil or Chile?
Hotel investment in the Nordics is dominated by a handful of regional investors and companies. Few brands have a major presence in the area, as the main barrier to entry is the preference for operational leases rather than management agreements.
The performance of upscale and luxury hotels in Downtown Denver made a strong rebound in 2010, buoying investor confidence in the market. This trend continues in 2011, with a rise in RevPAR and transactions for the city’s top-tier hotels.
By examining trends in visitation, occupancy, average rate, and transactions, this article illustrates the resiliency of certain submarkets of the Miami hospitality industry. This is the first of a quarterly update on hospitality markets in Florida.
New demand-generating developments and attractive investment parameters are putting the Nashville hotel market on track for an impressive recovery.
Colorado Springs’ hotel industry has been in business for more than a century, with a wide spectrum of entities driving demand. The market wasn’t hard hit by the recent recession, and major events this summer should bode well for local hotels.
This article presents an overview of hotel performance for the Paris market and provides our views on expected performance for the next three years. We also discuss the transactions market, values per room and new investors over the last year.
Steve Rushmore presents his review of rate and recovery, transactions, turnaround and timing at the 33rd Annual New York University International Hospitality Industry Investment Conference.