haku: @indexterm hotel management / yhteensä: 248
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| Tekijä: | Corgel, J.B. Gibson, S. |
| Otsikko: | The use of fixed-rate and floating-rate debt for hotels |
| Lehti: | Cornell Hotel and Restaurant Administration Quarterly
2005 : VOL. 46:4, p. 413-430 |
| Asiasana: | debt service ratio hotel and catering industry hotel management revenue |
| Kieli: | eng |
| Tiivistelmä: | A time-series simulation that compares hotel-industry revenue per available room (RevPAR) with London Interbank Offer Rate (LIBOR) suggests that hotel investors would fare more favorably with floating-rate financing. It is shown that LIBOR and RevPAR changes are strongly correlated, indicating a relationship of RevPAR and floating interest rates. The correlation was strongest for midscale, limited-service properties but also operated for budget and resort deals. |
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