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- Supporting Research and Data A Model of Investment in the Sydney Four and Five Star Hotel Market
Industry Commission staff information paper
This paper was released in October 1996.
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Contents
Preliminaries
Copyright, Preface, Contents, Executive Summary
1 Review Of The Hotel Market
1.1 4 and 5 star hotels, Sydney 1987 to 1994
1.2 Other sectors and earlier periods
2 Previous Studies of Demand and Supply
3 Dynamic Models of Supply and Demand
3.1 Demand
3.2 Supply
3.3 Pricing constraints
4 Explaining Supply and Demand
4.1 Investment in Sydney 4 and 5 star hotels under full information
4.2 Investment in Sydney 4 and 5 star hotels under limited information
4.3 Capital gains expectations and other investment considerations
5 Summary
APPENDICES
A Mathematical representation of the model
B Estimation of the operating cost function
C Model validity and sensitivity analysis
References
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