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Hotel Property Development and Hotel Business Development in Portugal

Although there are similarities between hotel and other commercial property developments, hotel property has unique characteristics and requires specific management know-how. Hotels are usually properties whose primary revenue is generated from a service-based industry, usually coming from tourism and business people. They have a market value directly related to their ability to generate future net income by means of their marketing and operations management. The essence of successful hotel property development lies in understanding these unique factors and variables.

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.Portugal-Real-Estate-investments hotel invetments

The validity of the proposed hotel property development framework has been assessed by intensive direct interviews with hotel development professionals.

The concept hotel development is often used generically to refer to either hotel property development or hotel business development, even to both simultaneously. However, the two concepts should not be confused, as there is a clear distinction between them.

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