A recently published white paper penned by TFG Asset Management revealed employee turnover in the UAE's hospitality industry measures approximately 25% - 30% per annum, which is a significant figur
We recently launched a research study "The impacts of staff turnover on a hotel's Income Statement" which revealed that a 30% voluntary staff turnover rate could cause a potential loss of AED 8 mil
How is the concept of "luxury" perceived and what hotel brands come to mind when you hear the word "luxury"?
The role of the appointed asset manager is undeniably valuable for owners' whose properties are under the operation of a management company.
Whether it is the acquisition of an existing hotel property or new land, the process remains equally complex and requires extensive due diligence.
The fourth quarter of every year is undoubtedly the busiest time of the year for all hotel stakeholders including operators, owners, and asset managers.
Earlier this year it was announced that the GCC states would introduce a value added tax (VAT) rate of 5% to be levied anytime between 2018 and 2019.
One aspect I have been focusing on lately is the operator search and contract negotiations.
The idea of this new bi-monthly column is to share some ideas and best practices on topics related to hotel real estate such as values, asset management initiatives and overall best practices, cons