ROI is the economic value derived from different operations. This information allows us to measure the return on investment. Some of the variables actually aid us in calculating returns via our hotel and we can decide how much to invest based on this calculation. We know that due to market growth, hotel investments are growing. That is why innovation boosts and continues to witness, even in times of recession, when global demand has succeeded in holding us afloat. ROI’s importance plays a major role in investing in building to purchasing and renovating in the processes of hotel management. A buyer who owns a finished hotel needs a return on the investment in the operating income of the hotel and in the revaluation of real assets as the value of the hotel rises with time. When calculating the return on investment, the future residual value of the hotel must be considered. We make our decisions better and optimize our hotel business by calculating the ROI.
An increasing number of hotels have, on the other hand, have planned to renovate their properties. Such improvements have much more to offer than what the mind sees. The upgrades have been important in terms of room refurbishment, a redefined business paradigm, brand re-positioning, refreshed destinations, and customer service. A renovation is actually a strategic choice made at locations with better results by the owners of hotels. In order to maintain consumer satisfaction, it requires reinvesting a large portion of the income. Hence investing in such hotels provide better ROI and overall benefits.
The SAS ITower– A haven for the weary jet setting businessman, a premium 5 star hotel with grandeur luxury rooms, intelligent suites and refreshing décor helps relax, rejuvenate and regroup. The grand ballroom, banquet halls, and signature restaurants provide the right setting for business seminars, conferences or parties. A business lunch/dinner with your associates or clients is possible right within the premises at the exclusive 5 star restaurant. At the right spot at the right time you could take your business to the next level!