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The publication of the Hotel Asset Management: Principles & Practices, Third Edition is now available for purchase. Click here to learn more. ISHC, in partnership with HAMA, has published the ISHC CapEx 2023: A Study of Capital Expenditures in the Hotel Industry, the industry's exclusive resource on hotel capital expenditures.
This study characterizes the results of social-scientific, behavioral science, and managerial/accounting research on current management and accounting matters in the hotel industry published in the most prestigious scientific hospitality journals and identifies avenues for future research.
The third edition of this book takes a look at the challenges and opportunities faced by hotel owners, lodging industry real estate professionals, and hotel company executives, with articles written by industry leaders in asset management.
processes of asset management, real estate and the physical asset, contracts and legal aspects of asset management, and planning and executing the hotel investment. Chapter topics include: • Channel Management: OTA’s and the Rising Cost of Customer Acquisition • Evaluating Franchise and Chain Affiliation Programs
Hotel Asset Management 101 for Investors Leveraging Predictive Maintenance Monitoring Labor Costs as % of Sales In the same vein that ‘an ounce of prevention is worth a pound of cure’, predictive maintenance can help hotels manage operational costs, as well as prevent costly (and unexpected) repairs to the property’s infrastructure.
Understanding what strategies & management practices result in increased cash flow and value is the key to asset management. Successful hotel investments start with recognising the right opportunity and aligning your investment with the optimal brand and operator.
This textbook includes everything readers will need to gain a clear understanding of managerial accounting in a hospitality setting. Chapters reflect new tax laws and the impact of the Sarbanes-Oxley Act, as well as the results of new survey research on updated practices in capital budgeting and leasing.
