World Panel
Viewpoint11 February 2020

2020 Hotel Transactions and RevPAR

Hotel Ownership, Development and Management

— 10 experts shared their view

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This viewpoint was created by
Demian Hodari, Associate Professor of Strategic Management at the Ecole Hôtelière Lausanne (EHL)
Philip Bacon
Senior Director, Head of Planning & Development and Valuation at Horwath HTL

The search for commercial real estate yield continues globally, and "beds" are the new black. Hugely fragmented hospitality markets outside the US provide a tempting source of yield for investors wherever they are. Risk of RevPAR stagnation in the US forces capital to venture elsewhere. Alternative accommodation products have given tired and obsolete assets a new lease of life, with many offering higher potential returns than traditional hotels. We've seen "asset light" strategies for a while now; but "people light" is the new wave for many. Consolidation of asset ownership is one of the key issues facing the global hospitality industry;  arguably way behind other industry sectors. 

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