AECOM has launched a new interactive tool called HINT (Hotel INvestment Tool).
HINT allows users to test whether a potential hotel development idea is likely to be economically viable at a very early stage.
The easy-to-use tool allows users to see the potential value, cost and return on investment by entering a number of variables, such as location, hotel typology and revenue assumptions.
The tool works by combining AECOM’s operational knowledge with cost data from Davis Langdon, an AECOM company.
This will provide clients with an early check on their idea without having to pay for large studies too early in the process.
“What makes this tool unique is the way that it brings together intelligence from two disciplines (cost consultancy and economic feasibility) that traditionally have been commissioned separately,” commented Kevin Underwood, AECOM’s global head of leisure + culture.
“We are excited to share HINT with our clients and hotel operator contacts who have expressed a keen interest in using a tool such as this that provides an early indication of a hotel project’s economic viability.”
AECOM will be demonstrating the tool at stand 28 at the IHIF in Berlin, which runs from the March 4th-6th 2013.