Tourism and hospitality

The tourism and hospitality sector includes properties such as hotels, aparthotels, student residences, local accommodation and others. Valuations of this type of asset can be carried out at various stages of the asset’s life cycle:

• at the design stage, when the development project is analysed (which may include a best use analysis taking into account the constraints and the local market),
• during the construction phase (including inspections) or,
• after completion (finished properties).

Typically, these properties are valued using the income method (taking into account the project’s underlying operating data or usage data) and the comparative method.