A framework for successful hotel developments
South African Journal of Economic and Management Sciences
| Field | Value | |
| Title | A framework for successful hotel developments | |
| Creator | Cloete, Chris E Venter, I | |
| Description | Although there are similarities between hotel and other commercial property developments, hotel development has unique characteristics and requires specific management expertise. Hotels are usually single-use properties, whose primary revenue is generated from a service-based industry. They have a market value directly related to their ability to generate future net income by means of their operations. The essence of successful hotel property development lies in understanding these unique characteristics.Various critical success factors for hotel development are identified in this article, and incorporated into a hotel property development framework, establishing a practical road map for successful hotel developments. The validity of the proposed hotel property development framework has been assessed by intensive direct interviews with hotel development professionals. | |
| Publisher | AOSIS Publishing | |
| Date | 2013-04-09 | |
| Identifier | 10.4102/sajems.v10i2.584 | |
| Source | South African Journal of Economic and Management Sciences; Vol 10, No 2 (2007); 223-237 2222-3436 1015-8812 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
https://sajems.org/index.php/sajems/article/view/584/226
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