The highest return on the investment (ROI) can be realized when the issues of the various stakeholders are considered for their feasibility assessment throughout the project's whole life cycle.  The financial feasibility study (FFS) determines if or confirms that a development project is potentially profitable and shou ...

Sustainable development is the responsible use of productive resources in a development project or undertaking to safeguard long-term environmental, social and economic sustainability.  Sustainable development is adopted to provide lasting socio-economic benefit to all project stakeholders without compromising the abil ...

Sustainable hospitality calls for hotels to respect cultural values, engage in fair-market competitiveness, support local businesses and community, and provide good labor conditions.  Hotel companies and operators implement sustainable practices while increasing profitability.  Hotels are designed according to sustaina ...

ESG risk is the possibility of suffering a negative impact on a company arising from environmental, social and governance (ESG) factors.  Sustainability risk (SR) is an ESG event or condition that could have a negative impact on the value of a financial product.  Besides the risk of greenwashing, there are several chal ...

The built environment – residential and commercial real estate and infrastructure development – accounts for around 13% of the world’s GDP.  Research shows the construction materials comprise 50%-60% of the total cost in construction projects.  When sourcing materials, companies need to consider their environmental imp ...

The Sustainability Linked Loan Principles published by the Loan Market Association (LMA), the Asia Pacific Loan Market Association (APLMA) and the Loan Syndications and Trading Association (LSTA) set an international baseline for determining how financing can facilitate positive corporate performance and achieving meas ...

This study identifies the key factors in the environmental management and sustainability of hotels, as perceived by travelers.  It is based on a sample of the 25 best hotels in Switzerland from a TripAdvisor ranking in 2018 that draws from more than 500,000 reviews.  The results highlight the key factors related to env ...

Until 2030, the World Tourism Organization (UNWTO) expects an average annual growth rate of international tourist flows of 5% per year.  In this report, Horwath HTL has identified key issues and recommendations for consideration by international donors in order to target and improve the effectiveness of intervention fo ...

Verbund AG issued the world's first Environmental Social Governance-linked syndicated loan.  Its interest rate is not determined by reference to the financial rating but by reference to a sustainability rating established and assigned by the ESG rating agency Sustainalytics.  If Verbund AG's sustainability rating decre ...

Competitive intelligence (CI) is gaining significance as a process that enables companies to achieve sustainable competitive advantage.  For this study, a path model was developed to empirically investigate the relationship between CI use in hospitality and the hotel industry and its background environmental and organiz ...

This paper empirically studies the impact of social factors on the sustainability of the hospitality industry in Qatar.  Besides the social factors that influence the sustainability of any business, it shows that the most relevant factors for the sustainability of the local hospitality industry are education, life expe ...

This paper studies an innovative mechanism for managing local tourism and recreation systems and offers recommendations on their development. It examines issues on local tourism system management in the Volga Federal District, Russia. It shows that the relevance of local system development is largely dictated by the lo ...

OECD Tourism papers address issues such as trends and policies, innovation, sustainability, skills and statistics.  This series is designed to make available to a wider readership selected studies drawing on the work of the OECD Tourism Committee (www.oecd.org/cfe/tourism).  It complements OECD tourism publications and ...

The report takes a comprehensive look at the prospects for the EMEA real estate market in 2020.  It provides a cautious economic and political outlook in the region amidst weakening global trading conditions, the capital markets in light of the accommodative policies of central banks that reinforce expectation of conti ...