CONTENTS (May 2008)

DEPARTMENTS

2	EDITOR'S PAGE

FEATURES

5	JUST THE FACTS
13	MANAGING IN BUMPY TIMES
17	RESORT DEVELOPMENT TRENDS
21	WHAT'S MY HOTEL WORTH?
25	CAPEX: HOW MUCH IS ENOUGH?
31	DEVELOP, BUY OR EXPAND?
35	THIRD-PARTY AGREEMENTS
41	MARKETING DIRECTIONS FOR THE FUTURE
35	THE GREATEST SEA CHANGE