In light of the tumultuous global changes which have dramatically affected the hospitality business, the third edition of Developing Hospitality Properties and Facilities provides insight into the reality of developing hospitality properties in challenging international contexts.
Since its successful first publication in 2000 and subsequent second edition in 2004, Developing Hospitality Properties and Facilities has sought to model and demystify the process of designing, planning, constructing and sustaining hospitality properties. The third edition boasts an impressive array of academic and professional contributors from Europe, North America, South America, Asia, Africa and the Middle East and 12 case studies and issues concerning individual hotels and international regions and addressing issues of technology, revenue management and fee structures. This edition recognizes that in order for the hospitality sector to overcome periodic problems such as global pandemics, it is important to inform academic and professional readers so that they can ensure that future developments are sustainable, environmentally friendly and resilient in the longer term.
Written for hospitality owners, developers, investors and managers and suitable for students, this book aims to bridge the gap between generic and applied texts using a model-based approach to clarify the process in an informed, non-technical way.
Part 1: Concept. 1.Concept. 2.Feasibility. 3. Design. Part 2: Planning. 4.Development Strategy & Brand Management. 5. Project Finance and Capital Investment. 6.Legal Agreements for Hotel Operations. Part 3: Construction. 7.The Design Team. 8.Building Costs. 9.Managing Construction. Part 4: Operations. 10.Operational planning & relationships. 11.Planning Accomodation. 12.Service Provision. Part 5: Asset Management. 13.Asset management. 14.Product Maintenance & development. 15.Hotel Valuation Methodologies. Part 6: Sustainability. 16.Sustainable Development. 17.ESG in hotels. 18.Resilient Tourism. Conclusions. Introduction to the case studies and issues. CSI 1.Tensions between brand standards and building constraints in York, UK. CSI 2.Value added opportunities can arise from refurbishment. CSI 3.Escape to the country: Manoir de Surville, Normandy, France. CSI 4.The perils of foreign investment: Budapest, Hungary. CSI 5.Mixed-use development: Cidade Matarazzo, São Paolo, South America. CSI 6. Management companies breaking into new markets: Radisson blu hotel, Casablanca city centre, Morocco. CSI 7.Feasibility studies in undeveloped markets: Iran. CSI 8.The hospitality development market: Middle East. CSI 9.Reconciling public and private investment in a luxury hotel development in Memphis, TN,USA. CSI 10.An alternative to the standard hotel management fees structures. CSI 11.Technology in Hotels. CSI 12.Total revenue management for hospitality in the digital age.