A framework for successful hotel developments

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dc.contributor.author Venter, I.
dc.contributor.author Cloete, C.E. (Christiaan Ernst)
dc.date.accessioned 2008-05-27T08:32:16Z
dc.date.available 2008-05-27T08:32:16Z
dc.date.issued 2007-06
dc.description.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. en
dc.format.extent 775468 bytes
dc.format.mimetype application/pdf
dc.identifier.citation Venter, I & Cloete, CE 2007, 'A framework for successful hotel developments', South African Journal of Economic and Management Sciences, vol. 10, no. 2, pp. 223-237. [http://www.journals.co.za/ej/ejour_ecoman.htm] en
dc.identifier.issn 1015-8812
dc.identifier.uri http://hdl.handle.net/2263/5588
dc.language.iso en en
dc.publisher Faculty of Economic and Management Sciences, University of Pretoria en
dc.rights Faculty of Economic and Management Sciences, University of Pretoria en
dc.subject Hotel developments en
dc.subject Service-based industry en
dc.subject Hotel property development framework en
dc.subject.lcsh Hospitality industry -- Management en
dc.subject.lcsh Hotels -- Management en
dc.title A framework for successful hotel developments en
dc.type Article en


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