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Hospitality Industry Trends |
Thursday December 4th, 2008 |
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The Financial Impact of Hotel Spas - By Elaine Sahlins |
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The popularity of spa facilities in hotels and resorts has exploded in recent years. For many full-service and resort properties, spas are as much a requirement as restaurants and meeting space. |
From an operational perspective, the success of a spa does affect a hotel's financial performance, both as an operating department and as a marketing asset. Anecdotally, operators report the addition of an effectively planned spa can improve a property's RevPAR (revenue per available room), allowing the property to sustain its competitive position. The following sets forth some financial statistics from spa operations and considers the economic impact of a spa on a hotel's value.
Click here ( Adobe Acrobat PDF file) to download the complete article.
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Since 1980, HVS International, the leading global hospitality consulting organization, has provided financial and valuation consulting services for more than 10,000 hotels in all 50 states and more than 60 foreign countries. |
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