Chinas hotel industry business model of management contract.docVIP

 PAGE \* MERGEFORMAT 4 China’s hotel industry business model of management contract Abstract: The attempt by the management contract at this stage in the development of domestic and international hotel industry analysis of the status summary of the management contract for China’s hotel industry business model barriers to research, explore China’s hotel industry management contract business model of scientific development.  Keywords:: China’s hotel industry; management contract; business model; grouping; of   A hotel management contract related to the definition of the concept of  1.1 The international hotel industry, the definition of an authoritative scholar  Cornell University (Cornell University), Professor Esther (James J. Eyster) proposed in his work, hotel management contract (Hotel Management Contract) is the hotel owners and hotel management companies signed a written agreement, according to this agreement , the hotel management company is authorized to hotel owners, hotel owners operating on its behalf, manage hotel, and hotel owners, in return, hotel management companies that manage remuneration.  1.2 Definition of this article  Hotel management contracts are non-equity-style mode of operation of a hotel belonging to the enterprise principal-agent relationship between institutional arrangements. By hotel owners and hotel management company to sign a management contract to both parties agreed the rights, obligations and responsibilities. Hotel Owners hire hotel management company as its agent to undertake the management responsibilities of hotels. As an agent, the hotel management company on behalf of hotel owners, with the hotel’s operational independence, and is responsible for the daily hotel operations and management, on a regular basis financial statements handed over to the hotel owners and hotel cash flow from operations, and access to managerial remuneration under the contract. Hotel owners to provide land-use rights fo