Open AccessRenewed interest in hotel investment: white paper
Author(s) -
Lee Brian
Publication year - 2005
Publication title -
briefings in real estate finance
Language(s) - English
Resource type - Journals
eISSN - 1555-0990
pISSN - 1473-1894
DOI - 10.1002/bref.156
Subject(s) - tourism , accommodation , investment (military) , business , white (mutation) , white paper , finance , world trade , economics , international trade , geography , political science , chemistry , archaeology , neuroscience , politics , biochemistry , gene , law , biology
As the world's largest industry, tourism is becoming increasingly global and places greater demands on the hotel trade. Tourist traffic had increased by 30% over the last five years, according to the World Tourism Organisation, and will shortly exceed one billion tourist arrivals per annum. Greater demand for hotel accommodation coupled with increasing separation of ownership and management has placed the hotel sector firmly in the investment spotlight. The following article explains why. Copyright © 2005 John Wiley & Sons, Ltd.