Factors Influencing Hotel Investment Decision-Making

Graeme Newell and Ross Seabrook

ERES from European Real Estate Society (ERES)

Abstract: Given the stature of international tourism, hotel properties are an important property investment sector. While considerable research has been conducted for office, retail and industrial property, only limited research is available concerning the hotel sector; particularly concerning hotel investment decision-making. Using the Analytic Hierarchy Process (AHP) as a multi-criteria decision-making procedure, the major hotel investors and hotel owners/operators in Australia were surveyed. The importance of 30 factors including the financial, location, economic, diversification and relationship factors influencing hotel investment decision-making were assessed. Weights attached to these 30 factors are determined, with three tiers of importance found amongst these factors influencing hotel investment decision-making. Transaction Based Performance Measurement & Analysis of Real Estate Investments:

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2005-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2005_266

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