09 May 2017
So what is driving the recent consolidations? In our view, there are four primary causes: the shift in hotel booking behaviours, the race for geographic expansion, the rise of industry disruptors and readily-available capital.
Consumers are increasingly using online booking...
Childcare & Education
04 May 2017
The profits method of valuation always has regard to the REO (reasonably efficient operator) and the FMT (fair maintainable trade) of the business. At the outset a FMOP (fair maintainable operating profit) is calculated and a capitalisation rate applied to conclude. This all r...