Page 50 - Stakis Consolidated Teaching Note
P. 50
1991 3,255
1992 3,718
1993 3,688
1994 4,056
By 1991 publicly quoted companies had experienced an
11.8% increase in their room numbers over their 1988
levels. This was probably at the expense of the unaffiliated
privately owned individual hotels which had experienced a
10% decrease in room numbers over the same period.
Small hotels do not have access to the same economies of
scale or sources of finance available to their larger
competitors.
6 : ENVIRONMENTAL APPRAISAL
Both the internal and external environments should be
assessed. and some prioritisation of issues attempted.
During much of the 1980s interest rates were relatively
low and borrowing was encouraged by the banks. Property
values rose to very high levels, especially in the south of
England, and the perception of many businessmen was
that investment in property could not lose. The property
crash when it came endangered many businesses that had
