japan
Busy Hotels, Weaker Room Revenue: Reading Japan’s August Results
Two public hotel portfolios show why high occupancy can coexist with weaker revenue. Original calculations test rate cuts, capacity limits and non-room offsets.
premium analysis
global snow resort
What Snowmaking Protects—and What a Snow Guarantee Leaves Exposed
Australian resort evidence separates snow production from refund protection. A transparent hotel scenario tests the cash and occupancy consequences of cancellation.
global ski property
Who Owns the Mountain? Why Resort Land Rights Matter
Resort land, lift operations and accommodation can sit under very different arrangements. Comparing Whakapapa, Perisher, Tignes and US federal permits shows why the length of operating control, investment obligations and treatment of infrastructure matter.