Master of Science in Hotel Administration
First Committee Member
Anthony F. Lewis, Chair
Number of Pages
Through the analysis of the available literature, this exploratory study focuses on the concepts of direct and indirect contribution of amenities to the financial results of Integrated Resorts. In addition, the paper reviews the retail definition of highest and best use and evaluates its possible applications to the hospitality industry. Even if limited in number, studies in the field show that, with the appropriate statistical models, it is possible to estimate the indirect financial contribution of specific amenities to the profitability of Integrated Resorts. Moreover, an unprofitable amenity can justify its presence in an Integrated Resort only by indirectly contributing to the overall profitability of the company. Therefore, this study questions the general assumption, which is not based on empirical evidence, that including certain services in an Integrated Resort indirectly and positively impacts the overall financial performance of a company. Finally, this paper calls for future research on the topic for possible application to executives, developers, investors and customers in the hospitality industry as well as other service industries, including the retail sector.
Hospitality industry; Resorts; Space (Architecture); Stores; Retail – Economic aspects
Hospitality Administration and Management
Négrel, Denise, "Maximizing cash flows in integrated resorts: An exploratory study of the highest and best use of available space" (2009). UNLV Theses, Dissertations, Professional Papers, and Capstones. 557.