Demian Hodari

Article

Settling for less : the institutionalization of the hotel feasibility study

Hotel feasibility studies play an important role in the hotel development process as hotel developers, lenders, and operators all require an analysis of a hotel's projected operating performance and the ensuing financial returns. Such studies are...

Article

Who's in Charge Now ? : The decision autonomy of hotel general managers

The general manager (GM) is the key position in a hotel, but the changing structure of the industry has altered the scope of the GM’s decision-making autonomy. In many hotels, the GM is an employee of a hotel operating firm and is effectively an...

Article

Strategy tools : contextual factors impacting use and usefulness

Strategy tools are a common element of tourism and hotel management courses, journal articles and textbooks. In this paper we explore why practitioners do not find tools useful and hence reject their use as a strategy practice. Drawing on a...

Article

The matter of encumbrance : how management structure affects hotel value

Hotel owners have two fundamental concerns: the financial operating performance of their asset and its selling price. While they often contract a hotel management company to operate the hotel through a lease or management agreement, common industry...

Article

How hotel owner-operator goal congruence and GM autonomy influence hotel performance

A principal-agent relationship exists between hotel owners and the management companies which often operate their hotels. In addition, they both act as principals to a mutual agent, the hotel's General Manager, who is tasked with trying to achieve...

Article

Hotel property performance : the role of strategic management accounting

In the current study, we contend that to enhance their competitiveness and performance, hotel properties need to develop and implement internal policies and procedures such as strategic management accounting that are consistent with their business...

Article

The role of hotel owners across different management and agency structures

This study examines the degree to which hotel owners influence the operation of their hotels in both single- and multiple-agency scenarios. Key findings from a survey of 499 general managers are that: (1) owners influence financial property-level...

Article

Soft brand or independent ? : evidence from the first decade of the soft branding, strategy in the U.S. market

The supply of soft brands is expected to grow as the industry has continued to see new soft brand launches by major hotel companies. But because the number of properties branded as soft brands is still relatively low, previous studies have not...

Article

The impact of brand affiliation on asset values : the case of UK hotels

Using the hedonic pricing method, we study more than 400 hotel transactions in the United Kingdom between 2000 and 2015 to determine the impact of brands on hotel market values. We initially find that hotel brands are negatively associated with...