Sean Mayse: Business Trends Spark Hotel Purchases

New reports reveal that rising construction costs are causing leaders in the hospitality industry to buy rather than build. Industry expert, Sean Mayse explains why this trend is a smart move for those trying to capitalize on rising tourism rates.

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Raleigh, NC (PRWEB) September 05, 2012

As the Group Sales Manager for Vision One Hospitality Consultants, Sean Mayse is an expert in analyzing trends in the hospitality industry. According to Mayse, those who choose to invest in the hotel industry have to act fast, but intelligently to make sure that their buying decisions are ones that will prove profitability. Due to the continuously changing global market, investors have very few indicators of what could prove to be a successful business industry; however, Sean Mayse explains that assessing rates of tourism and costs of construction are the best ways to assess whether an investment should be made.

A recent article from Bloomberg BusinessWeek assesses current market trends in the hospitality industry in Australia, which is currently experiencing growth in both leisure and business travel. According to the article, “Sales of Australian hotels to offshore buyers set a record in the first half as Asian companies including Shangri-La Asia Ltd., Starhill Real Estate Investment Trust and Langham Hospitality Group were lured by rising occupancy and room rates.” However, rising costs in construction have motivated international investors to opt to buy property rather than build new ones, which have led to limited occupancy and rising room rates.

While those trends may be undesirable to travelers, Sean Mayse notes that the high cost of construction is a good indication that the aforementioned companies are making intelligent buys. The article notes that much of the domestic and international tourism is driven by a rise in business travel as a result of Australia’s booming mining industry. Sean Mayse comments that when investors are looking for properties to buy, they look for long-term trends. Using the 2012 London Olympics as an example, Mayse explains that investors must assess the reasons for travel; if people are traveling for a singular event that will have a withering impact over time, it may not prove a worthy investment. However, if tourism is driven by business, such as growth in the mining industry, continuous travel and hotel occupancy will be an ongoing pattern in the affected area.

In the article, Craig Collins, CEO for Australasia at Jones Lang LaSalle’s hotel unit explains why the mining boom has caused interest in overseas buyers, “There are generally very few opportunities to gain a foothold in capital-city markets, so when they come up, the buyers pounce.” While some may be reluctant to become involved with these investments, Sean Mayse says to look at the history of the area. Working in the Florida area, Mayse explains that the state has always been a tourist destination for a plethora of reasons – that diversity is a good indicator that the hospitality industry will continue to thrive in the region. Sean Mayse notes the same could be said for those expanding in the Australian region, such as Shangri-La, which has already reported that Australia has proven to be the company’s third-largest market next to the US and China.

ABOUT:

Sean Mayse is the Group Sales Manager at Vision One Hospitality Consultants, where he utilizes his expertise to contribute to a variety of initiatives ranging from accounting to hotel operations. Sean Mayse is also a liaison to clients, providing them with the highest online presence through Search Engine Optimization strategies. With his colleagues, Sean Mayse consults with and markets for diverse hospitality venues, the majority of which are located in Florida. Through Vision One, he works with several notable organizations, including Castle Pine Golf Villas in Port St. Lucie, Florida, the Gershwin Hotel in New York, New York, the Treasure Island Hotel and Casino in Las Vegas, Nevada, and The Colony and Kent in Miami, Florida.


Contact

  • Dale Mitchell
    PR Authority
    800-475-2390
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