Hotel and Touristic Facility Valuation
Hotel and tourist facility valuation is a process that plays an important role in the tourism sector and is of great value for investors. These valuations are carried out for purposes such as determining the property value of hotels and touristic facilities, accurately reflecting them in financial statements, and supporting sales or rental decisions. Hotel and tourist facility valuation is made by taking into account various factors.
First, hotel and resort valuation includes elements such as the physical condition of the property, location, quality of hotel rooms and general structure of the facility, service infrastructure, functionality of the facility and guest experience. Features such as the size of the hotel, the number of rooms, restaurants and meeting rooms are important factors affecting the valuation. In addition, the proximity of the location to tourist attractions, accessibility, scenery, environmental factors and market demands are among the factors affecting the valuation.
In hotel and touristic facility valuation, factors such as industry trends, market demands, sales or rental rates of similar facilities are also taken into account. These factors objectively support the valuation and enable a realistic estimate of value. In addition, macroeconomic factors such as economic factors, developments in the tourism sector, regional policies and tourism regulations are also factors affecting the valuation.
Hotel and tourist facility valuation is carried out by independent appraisers and is generally done in accordance with internationally accepted valuation standards. These valuations ensure that they are accurately reflected in the financial statements and help those who will invest in a hotel or tourist facility determine their true value. In addition, it supports strategic decision-making processes and provides risk management by providing accurate information in sales or leasing processes.