Member benefits
To qualify for HOFTEL membership, you have to be a company that owns hotels and either rents them out to hotel operators or pays a fee to a hotel management or franchise company. If you operate hotels for third parties, even if you own your own properties too, sorry, but you're not eligible. Similarly, interim asset managers without assets of their own cannot be members. HOFTEL is a dedicated group for dedicated hotel owners.
HOFTEL offers members the following:
Annual conference
This is generally hosted by members, on a rotating basis. It provides an opportunity for senior executives from our members, our sponsors and invited guests to mingle in an informal but high-powered environment. Annual Meetings have been held in London, Venice, Amsterdam, Edinburgh, Pattaya and Helsinki.
Hotel Owners Journal
A quarterly publication, compiled by Thalia Andrews, the presenter of Hospitality Development, Design, and Construction News. The Journal carries editorial and comment, news about the sector, profiles of members, useful thoughts from our sponsors and value-added “best practice” tips for hotel owners.
Leading Indicator Profilers (LIP)
Data compiled quarterly by HOFTEL and TRI is used to track key leading indicators. The LIP tracks the two components of RevPar (occupancy and ADR) and the share price of (so far) European hotel shares. To date, it appears from the LIP data, which stretches from 1998 to 2009, that:
- occupancy trends lead ADR by 6-12 months
- the trend in occupancy is a leading indicator, i.e. if it starts to fall, the downturn is beginning, even if RevPar is still rising or visa versa
- share price inflections trends to track occupancy not RevPar i.e. they move ahead of underlying profitability in the hotels
Periodic Member/Sponsor Gatherings at Hotel Conferences and elsewhere
HOFTEL hosts a discussion meeting, dinner or drinks party annually at major conferences. In 2011, for example, we hosted a seminar at the IHIF (“Berlin Conference”) in March and a dinner at HICAP in Hong Kong in October. Members, sponsors and a wide array of other hotel real estate investors are invited.
Access to sponsors
Members have enhanced access to our sponsors for informal advice and members and sponsors are regularly updated with each other’s contact details.
Discounts
Members receive a discount of 10% on the annual subscription to Hotel Analyst Magazine and HVS International Europe 10% gives off the normal price an appraisal or feasibility. More discounts will be negotiated over time.
