An investigation of Australian and New Zealand hotel ownership

Turner, Michael J. and Guilding, Chris (2014) An investigation of Australian and New Zealand hotel ownership. Journal of Hospitality and Tourism Management, 21 76-89. doi:10.1016/j.jhtm.2014.08.003

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Author Turner, Michael J.
Guilding, Chris
Title An investigation of Australian and New Zealand hotel ownership
Journal name Journal of Hospitality and Tourism Management   Check publisher's open access policy
ISSN 1447-6770
1839-5260
Publication date 2014
Year available 2014
Sub-type Article (original research)
DOI 10.1016/j.jhtm.2014.08.003
Open Access Status File (Author Post-print)
Volume 21
Start page 76
End page 89
Total pages 14
Place of publication Cambridge, United Kingdom
Publisher Cambridge University Press
Collection year 2015
Language eng
Formatted abstract
The results of a study seeking to advance a typology of hotel owners as well as examining the composition of hotel owners in Australia and New Zealand are reported. Interview observations resulted in the six hotel ownership categories, discernible from prior commentaries, being broadened to nine hotel owner types. Considerable insights with respect to differentials in the investment time horizon and capital expenditure strategy applied by different owner types were gleaned from the interview data. From a questionnaire survey phase it was found that high net worth private investors and hotel management companies each own approximately a quarter of large 3–5 star Australian and New Zealand hotels. Several distinct hotel operational characteristics are also apparent across the hotel owner types. These include the observation that developer, high net worth investor and strata-title owned hotels tend to be smaller in terms of revenue generated and also these owner types tend to own less hotels. Also, general managers tend to hold their position for shorter periods in hotels owned by hotel management companies and high net worth private investors tend to own older hotels.
Keyword Hotel owner classification
Investment time horizon
Capital expenditure strategy
Hotel industry
Ownership
Hotel
Q-Index Code C1
Q-Index Status Confirmed Code
Institutional Status UQ

Document type: Journal Article
Sub-type: Article (original research)
Collections: Official 2015 Collection
UQ Business School Publications
 
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Created: Wed, 08 Oct 2014, 14:31:42 EST by Karen Morgan on behalf of UQ Business School