全球旅游与房地产外文翻译(编辑修改稿)

全球旅游与房地产外文翻译(编辑修改稿)内容摘要：

5 percent of intermediate inputs to sightseeing, travel arrangements, hotels and motels, and food services and drinking places, more than one fourth for other acmodations, but less than 5 percent for air transportation. Real Estate and International Tourism The localized nature of real estate is weakening. From land development to design and construction, firms that once focused only on local markets with in a US region are finding demand for their services abroad, diversifying their markets and developing new riskmanagement techniques. In the context of international tourism, the primary real estate players have historically been global hotel and hospitality chains, international developers of hotels, resorts and vacation munities, and to a somewhat lesser degree of relevance, specialized real estate developers and service providers in the logistical and travel arena, viz. construction, expansion and modernization of airports and other related travel infrastructure. 河北科技师范学院 2020 届本科毕业论文（设计）外文翻译 3 More recently, the tourism demand continues to e from these market segments, but the players are changing as tourism providers focus more on core services, often separating from the real estate aspects of the operation. Hotels Globalization of tourism is creating new opportunities in acmodations. For US real estate firms involved in hotel real estate, revenues are often as high outside as in the US. Even in the emerging economies experiencing growth in tourism outpacing inventory growth, rates in hotels catering to business and international travelers are at times parable with rates in major cities in developed countries. Changing structure in the hotel industry is creating segmented opportunities for hotel brands and hotel and property managerswhich can be considered akin to specialized real estate servicesand property owners. While there is no standard hotel ownership and management structure, in general the largest international hotel panies own multiple brands and franchise the majority of their business worldwide. Few of the top ten international hotel panies own the majority of their hotel real estate assets. Instead, the hotel pany provides a brand name and management service, while property ownership is an entirely different operation. Infrastructure Infrastructure is a real estaterelated and tourismrelated product whose growth in importance is affected by many of the same factors leading to growth in international tourism. Infrastructure can be either a constraint to tourism development and related real estate investments or an opportunity for real estate related investment to overe these constraints. Infrastructure can be a significant bottle neck to the expansion of international tourism, especially in developing and emerging economies. China has addressed this problem through extensive transportation infrastructure investmentsthe decision to make these investments has been fairly straightforward due to the country39。 s centralized governmental structure and revenues from expanding economic growth. Countries with more decentralized infrastructure provision systems and/or lower revenues from growth are less able to respond quickly to growing infrastructure needs. Transportation is only one facet of the infrastructure bottleneck problem. In many developing countries, a safe water supply and reliable energy resources are also at issue. 河北科技师范学院 2020 届本科毕业论文（设计）外文翻译 4 Infrastructure opportunities are characterized by both strong demand and fluidity in how it may be financed. In addition to the direct opportunities that may emerge from this for a range of realestate related firms (such as builders and financial firms), ancillary services, such as retail close to transit hubs, create further opportunities for real estate firms. Changing Structure, Multiple Future Paths Both the hotel and infras。