With less money available, with many distressed assets in the hotel industry on the market, how is hotel development looking in the years to come?

Hotel operators need to be more demonstrative of their capacities to deliver a good return on investment. But how far are they ready to go to make a deal without committing themselves too much? What is the base of a good management contract?

Do investment trusts still believe in the potential of the hospitality industry? Have they put aside the speculative dimension of real estate to focus more on the fundamentals of the industry for a safe and steady partnership?