European Hotel Development Upbeat
Participants indicated that the United Kingdom, especially London as the host of the 2012 Olympics (middle left logo), was the prime market, followed by Germany, Italy, France and some Eastern European countries.
Turkey with a number of opportunities for mixed-use segments also was of substantial interest. International hotel brands and management companies will play an increasingly important role in future development.
Global Developments Offers Significant Opportunities
" Recognizing local demand markets is another key to success. In China, the emerging middle class presents a base of hotel demand,” she said. “South America, particularly Brazil, offers significant opportunities for international brands. Local partners in emerging markets are important to help a project come to fruition.”
Unprecedented Lender Financial Difficulties a Main Focus
From a legal perspective, much of the conversation in the “Successfully Resolving Complex Legal Issues” panel revolved around current economic realities and the respective legal issues and challenges facing owners, operators and lenders during these difficult times, said moderator Cliff Risman (middle left photo), partner, Gardere Wynne Sewell LLP.
Labor and Skills Issues
“Young people now are less inclined to look for a career pathway with one company, but they also need to understand that a certain amount of experience is essential to successfully fulfill the role of a manager,” said Philippe Rossiter (middle left photo), chief executive, Institution of Hospitality.
The participants concurred that the process of professional development needed to go much further down the line in order to encourage a culture of ambition and self-improvement amongst all staff members, especially at the operational level.
Technology versus Personalization
The Billion Dollar Spa Industry
Panel moderator Guy Dittrich (middle left photo), hotel marketing consultant and journalist, noted that there was continued global interest in spas, according to comments from attendees from around the world, including “valuable contributions from Pietro Luigi Valle, Board Member of Portugal's largest hotel group, Grupo Pestana, and Ami Federmann, (lower right photo) Vice Chairman, Dan Hotels Corporation of Israel.”
Participants attending the “Feasibility: Growing Your Hotel Portfolio” focused on the major development risks in the present market, how to determine which brand best suits a development, and whether to go for opportunistic or strategic growth in today’s economic environment, according to moderator, Karen Callahan (lower left photo), director, Colliers International Hotels.