Adam Hochfelder

Grow and Develop International Hotel Chains with Hochfelder P2

October 13, 2017, by Adam Hochfelder, category Blog, Real Estate, Republishing

A characteristic example is Best Western Hotels & Resorts: until 1991 it was the largest voluntary chain of hotels in the world, and since that year it has been placed on the ranking list of major corporate hotel companies. Change is not only formal, but behind it is fact that the Best Western members have become easily recognizable on the market, but only under that unique trademark. This is the basic requirement for forming a corporate chain as an influential kind, but in essence only Best Western’s achieved to make a strong market image for them. On the other hand, this change explains some of its earlier characteristics, and above all why Best Western comprises of by far the largest number of facilities among corporate chains. As a voluntary chain, offering their reservation services and marketing in general, Adam says they have gathered a large number of hotels in 80 countries.

As these volunteer chains usually assimilate independent hotels, it also explains why the Best Western’s objects are smaller in comparison to the objects of other corporate chains.On the international scale large hotel operators have been oriented in all world regions, especially those that are most attractive to tourists – Europe, Specific American destinations (especially North and Latin America and the Caribbean) and Asia and Pacific. In these frameworks new markets have been targeted – especially transitional countries. According to Hochfelder, Central, East, Southeast Europe and other areas in transition like South America, have enabled further expansion of international hotel chains and opened the space for their entry into numerous countries where they were or have not been present, or have operated on a limited scale. These areas will continue to be in the focus of international expansion of large chains according to Hochfelder. As an example, he points that Accor may gain up to 200,000 new hotel rooms in the next five years.

Original Article at Biggerpockets

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