"The risk associated with hotels is bigger but the rewards are also greater".

Dominique Bourdais

HVS International, one of the world’s leaders in hotels advisory and valuation, parallel to providing tailor-made services to a wide variety of clients, is monitoring the development of this business across the globe, witnessing a record high interest on part of investors.
Why, in spite of the fact that hotel rates and occupancy may vary, tourism demand is always on the rise? What should resort projects in SEE include and where in the region the prospects of tourism are best? How do Romania and Bulgaria look from hotels perspective? Who has been eyeing the secondary cities in the region? Is only Kiev “hot” in Ukraine and are there good locations for resorts development in the country? Why the potential of Belgrade is rather limited at the moment? What proportion of HVS’s business is currently based in SEE and what are the projections for 2008? When a threat of overheating in a certain market with regard to hotels is created? What are the first two things that a bank approached to lend for a hotel project would ask?
Dominique Bourdais, Director in the London office of HVS International, provides exclusively for Property Xpress interesting and profound answers to all these questions closely related to the hotel business.
In this interview he as well reflects on issues like: How many times are four star hotels in London more expensive than four-star hotels in the Balkans? What are the major factors affecting hotel values? What is characteristic of the “life” cycle of hotels and how many years should pass before hotel projects start generating money? Are there many Western European banks active in the region and how much from the value of a hotel project in SEE are they willing to lend? Why, despite the fact that it is a quite risky market, Moscow is extremely attractive for investors? What are the latest trends in the hospitality industry both in terms of products and demand? Read on for getting the answers.

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