Proposal for capital‐cost‐index for hotels

For a considerable time now hoteliers have realised that in order to assess results, a relatively uniform accounting method must be used, which, abstracted into statistics, gives a datum, against which individual operations could be compared. No such uniformly agreed method is so far available to assess the actual capital costs of a project. Yet the importance of this is emphasised by the upswing in hotel building during the past decade, which is likely to accelerate during the next one.