An Investment Review of the UK Hotel Industry
Author: Robert Tiltscher
Publisher:
Published: 1983
Total Pages: 617
ISBN-13: 9780946803002
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Essays on Investment in the Hotel Industry
Author: Fang-Chang Kuo
Publisher:
Published: 2019
Total Pages: 178
ISBN-13:
DOWNLOAD EBOOKThis dissertation studies issues on investments in the hotel industry. The first two chapters empirically investigate the relationship between investment and competition. My study shows that competition negatively impacts firms' investment decisions. The third chapter focuses on the reputation effects on hotel investment, and shows that better online ratings are associated with lower investment expenditures. In the first chapter, I use data from Taiwanese hotel industry to investigate the relationship between competition and investment in a reduced-form analysis. Competition intensity is measured by the number of hotels in a market. Regression analysis indicates that investment is negatively correlated with the number of hotels. I then use a structural model of demand to recover unobserved demand shocks and control for future demand shocks in regression analysis. The results also show a negative relationship. The second chapter develops a dynamic model of investment and entry and conducts four counterfactual experiments to analyze competition policies and long-run equilibrium investments. Hotels make static pricing, and dynamic investment decisions in every period. Potential entrant could enter a market by comparing entry cost and value function of an incumbent. My counterfactual experiments show that competition effects from entry reduce the return from investment and weaken investment incentives. Reducing entry cost by 20% actually leads to 13% decrease in average investments, and thus average unobserved qualities decrease. Consumers still benefit from increased product variety and lower prices. The net changes in consumer surplus are positive. However, ignoring the negative competition effects on investments will overestimate consumer surplus under such a policy. In my third chapter, I investigate the impact of reputation on investment in Taiwanese hotel industry. Specifically, how do reputation affect endogenous product characteristics, quality, through investment decisions? The empirical strategy consists of a reduced-form analysis. I supplement the hotel financial performance data with with a panel of consumer ratings from major review platforms: TripAdvisor, Agoda, Expedia, and Bookings.com. The regression results indicate that hotels with better online ratings tend to invest less or less frequently. Controlling for past investments also show similar results
An Introduction to the UK Hospitality Industry
Author: Bob Brotherton
Publisher: Routledge
Published: 2000
Total Pages: 249
ISBN-13: 0750647116
DOWNLOAD EBOOKThis is an introduction to the hospitality industry in the UK. It looks at key aspects and compares them with each sector of the industry to provide a comprehensive view of the topic. There are chapter objectives, review questions and case studies.
Checking Out
Author: Katherine Doggrell
Publisher: Bloomsbury Publishing
Published: 2020-01-23
Total Pages: 224
ISBN-13: 1472968743
DOWNLOAD EBOOKAs one of the world's most established industries, the hotel sector has remained relatively unchanged and unchallenged for decades. Yet traditional hotels have recently come under increasing pressure on two major fronts: from disruptors in the sharing economy such as Airbnb, and by a rising wave of modern consumers who have become re-educated by social media and hotel comparison websites. Can this traditionally slow-moving sector reinvent itself or will it become increasingly marginalized? Is it time for traditional hotels to check out? Increasing numbers of hoteliers believe that traditional hotels are on the brink of a resurgence in popularity. Global hotel chains are catching up to modern trends – adding technologized curation and personalisation to their offerings. In Checking Out, Katherine Doggrell interviews key figures in the hotel industry and draws upon various case studies to explore the ways in which this traditionalist industry can remain relevant in the 21st century. The hotel 'experience' has been redefined, as guests now value fast Wi-Fi and mobile check-ins over room service and mini-fridges. Checking Out is an engaging investigation into the unprecedented challenges that face the hotel sector in the digital era and the strategies that are being employed by its leaders and innovators.
Vertical Disintegration in the Corporate Hotel Industry
Author: Angela Roper
Publisher: Routledge
Published: 2017-09-28
Total Pages: 180
ISBN-13: 1317247825
DOWNLOAD EBOOKThis book evaluates how and why vertical disintegration has occurred in the global corporate hotel industry, as it undergoes a structural transformation. It provides a unique insight into the new competitive landscape. Underpinned by academic literature, it includes first-hand accounts from the most eminent senior executives of firms in and around the industry. It provides an in-depth perspective of a modern industrial phenomenon and makes observations as to the profitable way forward for the industry. This text is an important read for those working, advising and investing in the sector as well as for students, graduates and researchers.
Hoteliers and Hotels
Author: Donald Stewart
Publisher:
Published: 1996
Total Pages: 230
ISBN-13:
DOWNLOAD EBOOKAccounting and Financial Management
Author: Peter Harris
Publisher: Routledge
Published: 2012-05-31
Total Pages: 352
ISBN-13: 1136431543
DOWNLOAD EBOOKAccounting and Financial Management: developments in the international hospitality industry presents new and innovative research and developments in the field of accounting and financial management as it relates to the work of managing enterprises and organisations in the international hospitality industry. The content contains contributions from a rich source of international researchers, academics and practitioners including, university and college lecturers, professional accountants and consultants and senior managers involved in a wide range of teaching, scholarship, research, and consultancy in the hospitality industry worldwide. The material is drawn from their work and experience and relates directly to the management of hospitality undertakings. Therefore the up to date case studies and examples used are taken from a wide ranging of companies across the industry including large international chains such as Sheraton, Holiday Inn, and Intercontinental. Divided into three parts: Performance Management, Information Management and Asset Management the book tackles the following issues amongst others: * Performance management in the international hospitality industry * Benchmarking: measuring financial success * The profit planning framework * Making room rate pricing decisions * Hotel asset management UK and US perspectives * Lowering risk to enhance hospitality firm value Accounting and Financial Management: developments in the international hospitality industry presents current developments drawn from a combination of live fieldwork and practical experience and therefore will content will appeal to a wide-ranging readership including practising managers and financial controllers in hospitality organisations, professional accountants and consultants, postgraduate candidates studying for master's degrees in hospitality management, and final year undergraduate students of hospitality management who elect to take an accounting option.
The Economic Ascent of the Hotel Business
Author: Paul Slattery
Publisher: Goodfellow Publishers Ltd
Published: 2012-03-12
Total Pages: 287
ISBN-13: 1906884684
DOWNLOAD EBOOKThe Economic Ascent of the Hotel Business is about the hotel business and the economic contexts in which it has evolved. Now in its second edition, it is fully updated and includes a new chapter which examines the options for the world economies, their implications for the hotel business and their impact on hotel chains in the decade to 2020.
Hotels and Resorts
Author: David Harper
Publisher: Routledge
Published: 2016-10-26
Total Pages: 399
ISBN-13: 1317525485
DOWNLOAD EBOOKHotels and Resorts: An investor's guide presents a comprehensive analysis of how hotels, golf courses, spas serviced apartments, gyms and health clubs and resorts are developed, operate and are valued. Drawing on over 18 years’ experience in the leisure property industry, David Harper provides invaluable advice on how to buy, develop and sell such properties. Working through the required due diligence process for purchases, including how to identify a "good buy", through the "route map" for a successful development and ending with how to ensure you maximise your returns when selling the asset, this book covers the whole life-cycle of leisure property ownership. Examples of valuations, development issues and sales processes are taken from the USA, UK, France, Nigeria, Kenya, Australia, Hong Kong, Singapore and Brazil provide in depth analysis on the similarities and differences in approach to hotels and resorts in various parts of the world. This book provides invaluable guidance to international investors, developers, asset managers and students in related subject areas.
