Original Research

A framework for successful hotel developments

Chris E Cloete, I Venter
South African Journal of Economic and Management Sciences | Vol 10, No 2 | a584 | DOI: https://doi.org/10.4102/sajems.v10i2.584 | © 2013 Chris E Cloete, I Venter | This work is licensed under CC Attribution 4.0
Submitted: 04 April 2013 | Published: 09 April 2013

About the author(s)

Chris E Cloete, University of Pretoria
I Venter, University of Pretoria

Full Text:

PDF (787KB)

Share this article

Bookmark and Share

Abstract

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.


Keywords

No related keywords in the metadata.

Metrics

Total abstract views: 2554
Total article views: 34216

 

Crossref Citations

1. A FRAMEWORK FOR THE EVALUATION OF HOTEL PROPERTY DEVELOPMENT PROJECTS
Gabrijela Popovic, Dragisa Stanujkic, Darjan Karabasevic
International Journal of Strategic Property Management  vol: 23  issue: 2  first page: 96  year: 2019  
doi: 10.3846/ijspm.2019.7435