As another year draws to a close, now is a good time to reflect on 2009 European hotel performance before looking ahead to the New Year. We look at the cities that have suffered during the economic downturn and search for the shining stars amid the gloom.
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Hotels & Resorts
Global experience tailored to local conditions
Deloitte’s expertise in the hospitality industry is second to none. With a team of experts around the world, Deloitte is the leading provider of professional services to an industry that is constantly evolving. We work with the most renowned hospitality companies across the globe including owners, operators, developers and investors and are at the forefront of developments to ensure we can respond to your business needs.
Research and insight
Issues and trends within the industry
Global Hospitality Analysis
The hospitality industry changes on a daily basis and reacts to external influences such as economic downturns, terrorist attacks, health pandemics and even simpler events like the Rugby World Cup or New Year’s Eve Celebrations. It is therefore important that industry professionals are kept up-to-date with the latest trends and developments. With our dedicated team of experts and unparalleled access to the industry’s largest hotel performance database, Deloitte is able to get behind the numbers and provide you with in-depth global analysis and a unique perspective of industry trends.
Real estate separation
Many hotel groups are now examining their options with regards to the ownership of their real estate. Deloitte has been at the forefront of assisting companies with their sale and leaseback/manage back strategies and examining other alternatives such as REIT structures.
Distressed assets
The economic environment has forced banks and companies to consider the capital and debt structures supporting distressed assets. Deloitte’s experience in this field can assist banks and companies to evaluate the options and if necessary to restructure the business.
Brand ownership
Development of the internet as a distribution channel has challenged hoteliers to respond, ensuring that brand ownership remains a key asset of the operator/investor. We are working with hotel operators to develop strategies to manage and develop their intellectual property. Deloitte has developed a comprehensive approach to both staff engagement and brand innovation that ensures organizations can both deliver the brand and benefit from financial return.
Emerging markets
Over the past few years, hotels companies have been increasingly looking to develop or acquire properties in key emerging markets across Eastern Europe, the Middle East and Asia Pacific. Deloitte’s extensive network of global offices enables companies to receive the best advice across all disciplines to acquire the right assets or choose the most suitable location to expand.
