Hotel Asset Management
shared by assetmanagmenti... on Dec 10
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Hotel Asset Management is a set of activities designed to increase, enhance, and develop a hotel asset's ability to maximize profit, and therefore gain value for the owner
Aim of hotel asset managem...
ent is to generate and boost revenue of hotel considering the following business areas:
• Finance, accounting and budgeting;
• Construction planning and management;
• Human resources;
• Sales and marketing strategic planning.
Top client categories using Hotel Asset Management:
• Public institutions and real estate investment trusts aiming at broadening their investment portfolio;
• Equity funds, equity investors and individual owners aiming at boosting their productivity levels;
• Lenders looking for guidance in decision-making process.
It is essential activity due to a number of risks occurring as a result of owning a hotel property including but not limited to:
• Changes in national, regional and local economic conditions;
• Increased supply in the market;
• Shift in levels of demand for rooms and related services;
• Competition from other hotels and indirect competitors;
• Dependence on seasonable and volatile business and commercial travels and tourism;
• Variations in operating costs;
• Changes in technology influencing business, commercial and leisure travel markets;
• Changes in governmental law and financial regulations.
TFG Hotel Asset Management is implemented in the following key areas:
• Hotel operation solutions;
• Hotel strategy and positioning;
• Asset optimization and maintenance;
• Legal process and overall compliance.
Source
http://www.t...ement.com/Category
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