The Development of Hotel Management Contracts in China

Author(s):  
Lianping Ren
2007 ◽  
Vol 6 (2) ◽  
pp. 171-179 ◽  
Author(s):  
Elana Bader ◽  
Amir Lababedi

2008 ◽  
Vol 8 (4) ◽  
pp. 324-336 ◽  
Author(s):  
Veerades Panvisavas ◽  
J. Stephen Taylor

Management contracts are widely used throughout the world as a mechanism for separating the ownership of hotel properties and their management. The research reported here concerns how Thai hotel owners seek to control the international hotel chains where properties are operated under hotel management contracts (HMCs). Adopting agency theory, the research findings reported here suggest that restraints against agent opportunism tend to focus on two key aspects: contractual controls and operational controls. Additionally, the findings also suggest that the outcome control needs to be viewed as a priority for effectively controlling hotel management companies when using HMCs.


1996 ◽  
Vol 2 (1) ◽  
pp. 149-156
Author(s):  
Vinko Kandžija ◽  
Nenad Ivandić

Starting from the situation in Croatian tourist sector the paper points to the possibility of introducing new forms of managing assets such as hotel management and franchising. The hotel company management is shown, as well as the advantages and disadvantages of particular types of contracts and the basic parts of management contracts are briefly explained. The advantages and disadvantages of franchising contract and its characteristics are also presented.


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