Initially unorganized and rudimentary, it was not until the 1960s and 70s that the hospitality industry experienced significant change and growth. The spread of franchising, third-party management contracts, and legislation resulting in the birth of REITs presented a first milestone for asset management and triggered some of the players to redefine their strategies, business models and ownership structures, specializing in core competencies. As a result, the need for hospitality asset managers continues to grow as capital owners try to maximize their ROI and ROA and reduce the industry-specific knowledge gap with operators. Anne-Marie Auriault, head of asset management for Swiss-based Eurofin, shares her perspective on where the discipline is headed.
This edition of the Hotel Yearbook is made available to you by PineappleSearch.
Proceed to downloadWould you like to to subscribe to our newsletter and receive updates on new editions via email?