Twollow
  • Tech
    How to Choose the Right Laptop

    How to Choose the Right Laptop for You

    IT Support Services

    Why You Need IT Support Services

    Managed IT Services

    Managed IT Services vs. Outsourcing: Here’s What You Need to Know

    Digital Marketing Trends

    How To Scale Your IT Team On A Budget

    Benefits Of Cloud Print Management In The New Era Of Work

    4 Benefits Of Cloud Print Management In The New Era Of Work

    Hybrid Events

    7 Top Practises for Hybrid Events

    VPS server

    Why You Might Want to Host Your Site on a VPS or VDS?

    Close up of a restaurant manager talking to the waiter

    Advantages of Using Technology in the Restaurant Industry?

    html

    How to choose the best HTML editor?

  • Apps
    spotify fraud

    Shopify Fraud Prevention Tips Every E-Commerce Business Owner Should Know

    Nintendo 3DS emulator

    11 Best Nintendo 3DS emulator for PC, Windows & Android

    play and win online

    6 Best User-friendly APPs to Play Online Lottery

    Design Canva Templates

    How to Design Canva Templates

    link building service

    Hack someone’s Instagram Password with Easy Tricks

    Buying Instagram Followers

    The Pros and Cons of Buying Instagram Followers

    mobile app business plan

    How to Create a Perfect Mobile App Business Plan?

    app development

    Why Should You Consider React Native App Development?

    Instagram app

     What is Instagram Monitoring 

  • How To
    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

    design a business logo

    How to Design a Successful Business Logo

    How Live Streaming works

    How Live Streaming works – Everything You Need to Know

    live stream

    How to Live Stream on Twitch

    How Can Workout Make Life Easier

    How Can Workout Make Life Easier?

  • Business
    • All
    • Finance
    smart transportation with Motorway intersection

    Businesses That Require Flexible Transport Solutions

    Business Operations

    4 Ways in Which an IT Consultant Could Assist Your Business Operations

    Positive Reputation in the Building Industry

    3 Tips for Building a Positive Reputation in the Building Industry

    Become a Successful Entrepreneur

    The Top 6 Things to Do Today to Become a Successful Entrepreneur

    Buy Cryptocurrency

    What Is Dash Cryptocurrency And Its Use Cases In Today’s Economy

    Boost Traffic to Your Store

    Boost Traffic to Your Store: 5 Tips

    When to Refinance Your Student Loans

    When to Refinance Your Student Loans

    Influencing Modern Business

    4 Factors Influencing Modern Business Partnerships

    Credit Counseling Myths

    What are the different types of Credit Card you can avail in 2022?

  • Marketing
    Engagement Rate

    How To Calculate Engagement Rate: Meaning & Formula

    Tips to Compose a Top-Notch Case Study

    10 Tips to Compose a Top-Notch Case Study

    online social media online community

    9 Tips to Drive Traffic to Your Blog from Social Media

    social media pictures

    5 Tips for Improving Your Social Media Pictures

    Best Youtube Advertising Strategies For Small Businesses

    7 Best Youtube Advertising Strategies For Small Businesses

    Social Media Marketing Tips For Beginners

    4 Social Media Marketing Tips For Beginners

    affiliate marketing

    Affiliate Marketing for Beginners: 5 Tricks to Make It Easier

    b2b marketing strategy

    What Are the Best B2B Marketing Strategies to Use?

    Content Enough to Grow Your Online Traffic

    Is Writing Amazing Content Enough to Grow Your Online Traffic?

  • General
    Stop Sign

    What are the Requirements and Regulations of a Stop Sign?

    Nursing Jobs

    Five Nursing Jobs That You Need to Know About

    Plumbing Emergency

    Four Ways to Tell if It’s a Plumbing Emergency

    Need Of A Website For Your Dental Practice

    Need Of A Website For Your Dental Practice

    Merchant Account

    How Does A Merchant Account Assist CBD Businesses?

    https://www.gettyimages.com/detail/photo/spa-cosmetic-products-beauty-concept-royalty-free-image/1299954303

    How to Make the Most Out of Your Spa Day?

    trading

    Is Commodity Trading Good For Beginners

    spain

    How to choose the property of your dreams in Spain

    istanbul

    Apartments for wealthy foreigners in Istanbul

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
  • Tech
    How to Choose the Right Laptop

    How to Choose the Right Laptop for You

    IT Support Services

    Why You Need IT Support Services

    Managed IT Services

    Managed IT Services vs. Outsourcing: Here’s What You Need to Know

    Digital Marketing Trends

    How To Scale Your IT Team On A Budget

    Benefits Of Cloud Print Management In The New Era Of Work

    4 Benefits Of Cloud Print Management In The New Era Of Work

    Hybrid Events

    7 Top Practises for Hybrid Events

    VPS server

    Why You Might Want to Host Your Site on a VPS or VDS?

    Close up of a restaurant manager talking to the waiter

    Advantages of Using Technology in the Restaurant Industry?

    html

    How to choose the best HTML editor?

  • Apps
    spotify fraud

    Shopify Fraud Prevention Tips Every E-Commerce Business Owner Should Know

    Nintendo 3DS emulator

    11 Best Nintendo 3DS emulator for PC, Windows & Android

    play and win online

    6 Best User-friendly APPs to Play Online Lottery

    Design Canva Templates

    How to Design Canva Templates

    link building service

    Hack someone’s Instagram Password with Easy Tricks

    Buying Instagram Followers

    The Pros and Cons of Buying Instagram Followers

    mobile app business plan

    How to Create a Perfect Mobile App Business Plan?

    app development

    Why Should You Consider React Native App Development?

    Instagram app

     What is Instagram Monitoring 

  • How To
    solar panels

    Common Solar Panel Concerns and How to Deal With Them

    imei number

    How to Check IMEI Number?

    bong

    How do you manufacture a bong?

    Central heating

    DIY Guide: How To Install A Designer Radiator

    website

    Things That Might Be Wrong With Your Website And How To Fix Them

    design a business logo

    How to Design a Successful Business Logo

    How Live Streaming works

    How Live Streaming works – Everything You Need to Know

    live stream

    How to Live Stream on Twitch

    How Can Workout Make Life Easier

    How Can Workout Make Life Easier?

  • Business
    • All
    • Finance
    smart transportation with Motorway intersection

    Businesses That Require Flexible Transport Solutions

    Business Operations

    4 Ways in Which an IT Consultant Could Assist Your Business Operations

    Positive Reputation in the Building Industry

    3 Tips for Building a Positive Reputation in the Building Industry

    Become a Successful Entrepreneur

    The Top 6 Things to Do Today to Become a Successful Entrepreneur

    Buy Cryptocurrency

    What Is Dash Cryptocurrency And Its Use Cases In Today’s Economy

    Boost Traffic to Your Store

    Boost Traffic to Your Store: 5 Tips

    When to Refinance Your Student Loans

    When to Refinance Your Student Loans

    Influencing Modern Business

    4 Factors Influencing Modern Business Partnerships

    Credit Counseling Myths

    What are the different types of Credit Card you can avail in 2022?

  • Marketing
    Engagement Rate

    How To Calculate Engagement Rate: Meaning & Formula

    Tips to Compose a Top-Notch Case Study

    10 Tips to Compose a Top-Notch Case Study

    online social media online community

    9 Tips to Drive Traffic to Your Blog from Social Media

    social media pictures

    5 Tips for Improving Your Social Media Pictures

    Best Youtube Advertising Strategies For Small Businesses

    7 Best Youtube Advertising Strategies For Small Businesses

    Social Media Marketing Tips For Beginners

    4 Social Media Marketing Tips For Beginners

    affiliate marketing

    Affiliate Marketing for Beginners: 5 Tricks to Make It Easier

    b2b marketing strategy

    What Are the Best B2B Marketing Strategies to Use?

    Content Enough to Grow Your Online Traffic

    Is Writing Amazing Content Enough to Grow Your Online Traffic?

  • General
    Stop Sign

    What are the Requirements and Regulations of a Stop Sign?

    Nursing Jobs

    Five Nursing Jobs That You Need to Know About

    Plumbing Emergency

    Four Ways to Tell if It’s a Plumbing Emergency

    Need Of A Website For Your Dental Practice

    Need Of A Website For Your Dental Practice

    Merchant Account

    How Does A Merchant Account Assist CBD Businesses?

    https://www.gettyimages.com/detail/photo/spa-cosmetic-products-beauty-concept-royalty-free-image/1299954303

    How to Make the Most Out of Your Spa Day?

    trading

    Is Commodity Trading Good For Beginners

    spain

    How to choose the property of your dreams in Spain

    istanbul

    Apartments for wealthy foreigners in Istanbul

  • Reviews
    Development of Cryptocurrency

    A Crypto.com Overview

    Ophthalmology eyesight examination

    Red Light Therapy Devices for Eyes: Where to Buy

    text to speech

    Best Text to Speech Converters Reviewed

    air purifier

    Where Can You Find the Best Air Cleaner Pro Reviews?

    How to Choose a Cheap Hosting

    Liquid Web Reviews: A Look At A Reliable Hosting Company

    Ionic Training

    Get Ionic Training and Improve Your Career Options

    Learning Experience

    Salesforce DX myTrailhead to Customize the Learning Experience

    Best Web Hosting Services

    10 Best Web Hosting Services 2018

    Honey Chrome Extension Review

    Honey Chrome Extension Review – Is It Scam Or Real?

  • Featured
No Result
View All Result
Twollow
No Result
View All Result

3 Golden Strategies for International Hotel Expansion

by Tom Fogden
November 13, 2019 - Updated on July 27, 2021
0
International Hotel Expansion
Share on FacebookShare on Twitter

Whilst we may be approaching a period of global economic decline, the world’s leisure and travel industry is continuing to grow at a steady and impressive rate. As a result, it’s little wonder that the world’s leading brands are looking to expand overseas and create renowned international chains.

Take Marriott, for example, which spent the majority of 2017 signing lucrative development contracts outside of North America and expanding its presence across Asia and Europe.

By the end of 2017, the Marriott chain operated or franchised more than 6,500 hotels globally, with a third of these located outside of the U.S.. But what are the golden rules of international hotel expansion and why are they so important?

1- Identify Growth Markets

Before you expand your chain overseas, it’s important to remember that not all locations and markets are created equal.

With this in mind, it’s important to think strategically when selecting the markets that you intend to enter into, as you look to identify locations that are experiencing high compound annual growth rates (CAGRs).

Take India, for example, which has seen its hotel sector boom for a period of years now. The latest figures suggest that this trend is set to continue for the foreseeable future too, with the CAGR for this market expected to peak at around 13% between 2019 and 2023 (due to an average increase in the number of foreign visitors and business delegates per annum).

2- Develop Your Business Plan and Strategy

Whenever you look to open a new hotel, you’ll need to create a detailed business plan and strategy that’s tailored to suit the target location and the opportunity that it provides.

After all, each market has its own economic, cultural and governmental nuances which impact on the private sector, whilst there are also variable market conditions pertaining to potential language barriers and pricing.

So, you need to create a localised business strategy that can optimise your chances of success in your target area, as you look to define short, medium and long-term goals to measure your expansion.

3- Understand That Legal and Financial Preparedness is Key

On a final note, you should never underestimate the importance of legal and financial preparedness when expanding your hotel chain overseas.

After all, some countries are renowned for being highly litigious, so you’ll need to consult with experts and ensure that strong processes and provisions are put in place to minimise your commercial risk.

In the case of global experts such as GVA, you can also receive some much-needed advice on the procurement and development of land, which is imperative if you’ve targeted a new site that you need to build on to achieve your objectives.

Even if you’re a seasoned hotelier in your own country, seeking out guidance from global experts can often make the difference between successful and filed international ventures in the leisure space.

Tags: Hotel ExpansionInternational Hotel Expansion
Tom Fogden

Tom Fogden

Tom Fogden is a writer for Twollow with a range of experience in the world of tech publishing. Tom covers everything from cybersecurity, to social media and website builders when he's not reviewing the latest phones, gadgets, or occasionally even technology books.

Related Posts

Stop Sign
General

What are the Requirements and Regulations of a Stop Sign?

Why did Chick and Ken not cross the road? They were just too chicken! In today's installment, we look at...

by John Morris
May 27, 2022
Nursing Jobs
General

Five Nursing Jobs That You Need to Know About

The nursing profession is one that is always thriving, which means that there are a ton of nursing jobs to...

by John Morris
May 23, 2022
Plumbing Emergency
General

Four Ways to Tell if It’s a Plumbing Emergency

One of those difficulties that might appear out of nowhere for any homeowner is an urgent situation involving their plumbing....

by John Morris
May 23, 2022
Need Of A Website For Your Dental Practice
General

Need Of A Website For Your Dental Practice

A website for a dental practice can help the clinic manage appointments, accept new patient forms and educate patients about...

by John Morris
May 21, 2022

Recommended.

Legal Hold Software

5 Advantages of Using High-End Legal Hold Software

January 12, 2022 - Updated on February 4, 2022
Coolest Apps

The Coolest Apps that You’d Ever Come Across

October 24, 2020 - Updated on August 12, 2021
company

Tips for Starting Your Own Electronics Design Company

November 7, 2019 - Updated on July 15, 2021
IT Services

On the Lookout for IT Services in Your Local Area? Stop Making These 3 Mistakes

January 30, 2020 - Updated on July 27, 2021
Increase Your Sales Rapidly

How To Increase Your Sales Rapidly By Simple Step

March 5, 2021 - Updated on August 30, 2021
Blogger Outreach

8 Common Mistakes of Blogger Outreach That You Need To Avoid

June 23, 2021

Twollow is one of the leading tech and business blogs, that is dedicated towards updated Technology & Business news, reviews, Apps, how-to, smart tricks, and tweaks.

Follow Us

Categories

  • Apps
  • Business
  • Education
  • Featured
  • Finance
  • General
  • How To
  • Marketing
  • Reviews
  • Security
  • Tech
  • Uncategorized

Top Posts & Pages

  • 100+ Free Premium Minecraft Accounts & Passwords (Tested 2022)
    100+ Free Premium Minecraft Accounts & Passwords (Tested 2022)
  • How to Get Free Virtual Phone Number for WhatsApp Installation
    How to Get Free Virtual Phone Number for WhatsApp Installation
  • How Much Weight is Allowed in a 20 ft and 40 ft Container?
    How Much Weight is Allowed in a 20 ft and 40 ft Container?
  • Voice2V.com - Expand the Boundaries of Audio with Voice2V
    Voice2V.com - Expand the Boundaries of Audio with Voice2V

Recent Posts

Engagement Rate

How To Calculate Engagement Rate: Meaning & Formula

May 28, 2022
smart transportation with Motorway intersection

Businesses That Require Flexible Transport Solutions

May 27, 2022
How to Choose the Right Laptop

How to Choose the Right Laptop for You

May 27, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • Disclaimer
  • Cookie Privacy Policy

No Result
View All Result
  • Home
  • Security