hotels and resorts management consultancy

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	Hotels & Resorts

It is estimated that there are over 19 million hotel rooms in the world, and this supply was recently growing at a rate of some 3 per cent per year. The industry is changing, with Asia playing an increasingly greater role on both the supply and demand side of the equation. And, in more established markets, the trend is increased product diversification (more brands, more concepts, but same travellers).

The current global economic crisis has driven the industry in many parts of the world into one of its most difficult periods in decades – both from an operating as well as development perspective. Occupancy and average rate levels are down across the board with no clear indication of when the rebound will occur; and development has all but been frozen in many parts of the world as funds are scarce and uncertainty is the key word of the day.

Key Trends

With the current global economic crisis, current trends for operators revolve around reducing the decline of the bottom line. Whilst for developers, the focus is on finding ways to continue their growth activities as well as meeting their existing financial obligations.

OPERATORS

	Cost reductions across all departments

	Finding innovative ways to attract demand without relying on room price reductions

	Continued reductions in the cost of traditional distribution channels

	Reduced focus on expansion and increased focus on rationalisation of portfolio

DEVELOPERS & OWNERS

	Securing funding

	Finding ways to meet existing financing obligations (meeting covenants)

	Intense search for distressed asset opportunities – offset by lack of funding available in the event of finding them

	Significant reduction in loan to value ratios

Hotels & Resorts Consultancy - How can we help?

Salon partners and associates are international in scope and have direct experience in the hotel and resorts industry in all regions of the world. We act as a Hotels Consultancy and have undertaken many hotels consulting projects. Examples include corporate strategy, development and company growth assignments for our clients in over 50 countries.

We are hospitality specialists and in addition to our in-depth hotels and resorts industry expertise, we have the language skills, cultural awareness and knowledge base to assist you with all aspects of your business. For example your Business Strategy, New Product Development, Commercial Due Diligence, Asset Management or Market and Financial feasibility analysis.

Please contact us today to find out how our Hotels and Resorts Management Consultancy services can help you.