Hotels are different than any other business and a different kind of investment than other types of real estate investments primarily due to their daily occupancy and revenue fluctuations, the requirement for specialized management, and labor intensity. Understanding the cyclical nature and dynamics of hotel markets are critical to good investment decision-making. An analysis of market and financial feasibility is perhaps the most important aspect in hotel investment decision-making. Hotel Consulting Asia is an independent division of Hospitality Concepts Asia Group. (http://www.asiahospitality.com)
