| Global Asset Solution is the Leading Hotel Asset Management Company serving Asia Pacific and Middle East |
GLOBAL ASSET SOLUTION RECENT ARTICLES
The Importance of Services (June 2008)
Abstract: "Over the years there have been many different types of
lodgings that have entered the hospitality industry bringing with them new
innovative concepts in guest services.
The new trend is not only in providing a ‘simple service’ but more to
exceed guest expectations by adding attention to detail and care to the
product being delivered.
The delivery of services in the hospitality industry involves one very
important component in particular, which is the people and the
interactions between guests and hotel staff.
The overall experience for any guest will either be a success or a failure
and is often due to the cumulative impact of the services they have
received by the staff in any given property."
US Financial Turmoil and the Hotel Industry (May 2008)
Abstract: "Since the subprime-mortgage fiasco unfolded last summer, the
US economy has been under tremendous pressure. From the weakening
of the US Dollar to the emergency sale of Bear Stearns, the 2001 Enron
scandal now seems to be a blip in comparison. Today, the US economy is
either in recession or near one.
While the Federal Reserve is battling to restore confidence, the hotel
industry is already experiencing collateral damage. Hotel investors are
experiencing the repercussion of the credit crunch, which is making
banks less willing to lend money and spending has slowed.
What is the impact of the current state of the economy on the US hotel
industry and what are the opportunities for foreign investors? Can we
benefit from these troublesome periods?"
Parking revenue goldmine in your backyard (March 2008)
Abstract: "In the Middle East, parking problems are reaching breaking
point and city authorities are now considering some drastic changes.
Governmental studies are looking at the prospect of reducing the
maximum parking time from 2 hours to 1 hour in some of the busiest
areas in order to avoid double-parking and to make parking spaces
available for the maximum number of drivers. A lot of the offices, malls
and hotels used to offer free underground parking to visitors but they are
slowly introducing paid parking meters, much to the dissatisfaction of
residents. Parking is often not a consideration for hotel operators;
however, asset managers and owners should encourage them to
capitalize on this unrealized income. With the recent construction
regulations, city hotels, airport hotels and resorts have the potential to
generate additional revenue with their large parking space."
Residential Sales Planning and Process Management
(Feb 2008)
Abstract: "The Middle East is experiencing an unprecedented increase of
hotel mixed use development. The residential sales are often used as
financial leverage for the feasibility of the project, especially for capital
intensive properties such as boutique and luxury hotels. The developers
of these properties are either large corporations with existing hotel
portfolio or entrepreneurs who seek the opportunity to own a hotel and
capitalize on the hotel brands. Some of these entrepreneurs are new to
the hotel sector and often need support in implementing processes for
the residential sale component. Specific procedures and guidelines to
execute these sales are normally provided by the large operators.
However, recent developments led the management companies to believe
that additional assistance for this new hotel entrepreneur may be
required, in particular when the branded residences are becoming more
competitive and sophisticated to sale. These developer/owners may need
extra guidance from Asset Management companies to maximize planning
surrounding sale and control the sale period."
Effective Communication in Asset Management (Jan 2008)
Abstract: "In any industry, communication has always played a key role in
the success of the company. Effective and balanced communication has
enabled a better understanding of each party’s objectives and views. This
results in streamlined actions and developments leading to success and
profit. The asset manager’s main role is to help bridge that sometimes
vast gap between the interests of the hotel owners and management
companies. We have recently noted that management companies have
increased their transparency as hotel owners have demanded a clearer
understanding of how the operators’ businesses are going. With
everyone looking to cut costs and gain a greater return on their
investments, the role of the asset manager is more valuable than ever."
Asset Managers must look beyond 2008 Budget (Dec 2007)
Abstract:"Building an effective relationship with the management company
and the owner is essential to maximise the value of the hotel. The first
step is to align the objectives of both parties and measure performance.
Fortunately, both parties want the hotel to maximise the return on
investment. However deciding whether revenue and expense levels are
reasonable and achievable can be a difficult task as various factors affect
a hotel’s ability to generate revenue and manage expenses. Asset
managers should encourage operators to plan beyond the yearly budget
and identify opportunities for generating incremental revenues. The
following provides suggestions on how to create incremental revenue and
how to protect cost, therefore enhancing long-term real estate value."
Asset Management vital in the Middle East (Oct 2007)
Abstract: "The past few years, the Middle East has experience an
unprecedented level of hotel activities with an abundant creation of very
successful hotel owning companies. The rapid proliferation of lodging
products provided a final spur to the development of the hotel asset
management function. The increased complexity of the lodging industry’s
structure in different countries, with its gamut of products ranging from
budget through mid-scale to boutique and luxury properties, requires a
perspective that asset management, unlike traditional operators, can and
do provide. Although asset management is fairly new concept in the
Middle East, it has proven to be very successful in this fast growing
environment and has allowed to better align the interest of ownership and
operator."
Abstract: "Over the years there have been many different types of
lodgings that have entered the hospitality industry bringing with them new
innovative concepts in guest services.
The new trend is not only in providing a ‘simple service’ but more to
exceed guest expectations by adding attention to detail and care to the
product being delivered.
The delivery of services in the hospitality industry involves one very
important component in particular, which is the people and the
interactions between guests and hotel staff.
The overall experience for any guest will either be a success or a failure
and is often due to the cumulative impact of the services they have
received by the staff in any given property."
US Financial Turmoil and the Hotel Industry (May 2008)
Abstract: "Since the subprime-mortgage fiasco unfolded last summer, the
US economy has been under tremendous pressure. From the weakening
of the US Dollar to the emergency sale of Bear Stearns, the 2001 Enron
scandal now seems to be a blip in comparison. Today, the US economy is
either in recession or near one.
While the Federal Reserve is battling to restore confidence, the hotel
industry is already experiencing collateral damage. Hotel investors are
experiencing the repercussion of the credit crunch, which is making
banks less willing to lend money and spending has slowed.
What is the impact of the current state of the economy on the US hotel
industry and what are the opportunities for foreign investors? Can we
benefit from these troublesome periods?"
Parking revenue goldmine in your backyard (March 2008)
Abstract: "In the Middle East, parking problems are reaching breaking
point and city authorities are now considering some drastic changes.
Governmental studies are looking at the prospect of reducing the
maximum parking time from 2 hours to 1 hour in some of the busiest
areas in order to avoid double-parking and to make parking spaces
available for the maximum number of drivers. A lot of the offices, malls
and hotels used to offer free underground parking to visitors but they are
slowly introducing paid parking meters, much to the dissatisfaction of
residents. Parking is often not a consideration for hotel operators;
however, asset managers and owners should encourage them to
capitalize on this unrealized income. With the recent construction
regulations, city hotels, airport hotels and resorts have the potential to
generate additional revenue with their large parking space."
Residential Sales Planning and Process Management
(Feb 2008)
Abstract: "The Middle East is experiencing an unprecedented increase of
hotel mixed use development. The residential sales are often used as
financial leverage for the feasibility of the project, especially for capital
intensive properties such as boutique and luxury hotels. The developers
of these properties are either large corporations with existing hotel
portfolio or entrepreneurs who seek the opportunity to own a hotel and
capitalize on the hotel brands. Some of these entrepreneurs are new to
the hotel sector and often need support in implementing processes for
the residential sale component. Specific procedures and guidelines to
execute these sales are normally provided by the large operators.
However, recent developments led the management companies to believe
that additional assistance for this new hotel entrepreneur may be
required, in particular when the branded residences are becoming more
competitive and sophisticated to sale. These developer/owners may need
extra guidance from Asset Management companies to maximize planning
surrounding sale and control the sale period."
Effective Communication in Asset Management (Jan 2008)
Abstract: "In any industry, communication has always played a key role in
the success of the company. Effective and balanced communication has
enabled a better understanding of each party’s objectives and views. This
results in streamlined actions and developments leading to success and
profit. The asset manager’s main role is to help bridge that sometimes
vast gap between the interests of the hotel owners and management
companies. We have recently noted that management companies have
increased their transparency as hotel owners have demanded a clearer
understanding of how the operators’ businesses are going. With
everyone looking to cut costs and gain a greater return on their
investments, the role of the asset manager is more valuable than ever."
Asset Managers must look beyond 2008 Budget (Dec 2007)
Abstract:"Building an effective relationship with the management company
and the owner is essential to maximise the value of the hotel. The first
step is to align the objectives of both parties and measure performance.
Fortunately, both parties want the hotel to maximise the return on
investment. However deciding whether revenue and expense levels are
reasonable and achievable can be a difficult task as various factors affect
a hotel’s ability to generate revenue and manage expenses. Asset
managers should encourage operators to plan beyond the yearly budget
and identify opportunities for generating incremental revenues. The
following provides suggestions on how to create incremental revenue and
how to protect cost, therefore enhancing long-term real estate value."
Asset Management vital in the Middle East (Oct 2007)
Abstract: "The past few years, the Middle East has experience an
unprecedented level of hotel activities with an abundant creation of very
successful hotel owning companies. The rapid proliferation of lodging
products provided a final spur to the development of the hotel asset
management function. The increased complexity of the lodging industry’s
structure in different countries, with its gamut of products ranging from
budget through mid-scale to boutique and luxury properties, requires a
perspective that asset management, unlike traditional operators, can and
do provide. Although asset management is fairly new concept in the
Middle East, it has proven to be very successful in this fast growing
environment and has allowed to better align the interest of ownership and
operator."
 |  |
Hospitality opportunities in Central and Eastern Europe
by Alex Slors (August 2008)
Abstract: "Ukraine will host the European Championships together with
Poland in 2012. How much needs to be done to facilitate this
tournament in four years time? On one hand, the leadership is
enthusiastic about foreign investments and the opportunities it brings
whilst on the other hand they are hanging on to a lot more red-tape
than necessary as this has been practice for decades. This month
article focuses on the former Soviet Republics that are now known as
the Commonwealth of Independent States (CIS)"
by Alex Slors (August 2008)
Abstract: "Ukraine will host the European Championships together with
Poland in 2012. How much needs to be done to facilitate this
tournament in four years time? On one hand, the leadership is
enthusiastic about foreign investments and the opportunities it brings
whilst on the other hand they are hanging on to a lot more red-tape
than necessary as this has been practice for decades. This month
article focuses on the former Soviet Republics that are now known as
the Commonwealth of Independent States (CIS)"
Credit Crisis Repercussion on the Hotel Industry
(October 2008)
Abstract: "Mounting fears that the credit crisis is beginning to spread
out through the financial system have rocked shares and companies
recently. While the governments are battling to restore confidence, the
hotel industry is already experiencing collateral damage. Hotel investors
are affected by the repercussion of the credit crunch, which is making
banks less willing to lend money, and 2008-09 hotel performances are
likely to be affected."
(October 2008)
Abstract: "Mounting fears that the credit crisis is beginning to spread
out through the financial system have rocked shares and companies
recently. While the governments are battling to restore confidence, the
hotel industry is already experiencing collateral damage. Hotel investors
are affected by the repercussion of the credit crunch, which is making
banks less willing to lend money, and 2008-09 hotel performances are
likely to be affected."
 |  |  |  |  |  |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |