The crisis produced by the COVID-19 pandemic is more than just a global health crisis that is triggering a worldwide economic crisis; for the hospitality industry it is an unprecedented crisis and a game changer. More than ever, managing is predicting!
It often happens in my practice that I am confronted with preconceived ideas about the hyper-luxury hotel business, especially as regards price, performance, etc. The constants that define this category, which is so visible to the media, are presented below.
In a fast-changing hospitality world, with constrained revenues and rising operating costs, having a hotel investment expert at your side can make all the difference for achieving your investment goals. To this end, we present a practice that is widely used in the United States and which would benefit from being better known elsewhere: hotel Asset Management.
Every time a new prestigious hotel opens, I am asked about the returns earned by investors seeking the Palace distinction in Paris despite the doubling of Palace supply in the city. In order to answer this legitimate interrogation, I start by explaining the profile of these investors (private fortunes mostly from Asia and the Middle East),