Crystal Liu

Director, Beijing, China

Ms Liu is a Director in the Beijing office.

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Unlocking hidden value in hotel real estate

Hotel profitability is under increasing pressure due to inflationary headwinds and payroll increases. Relying on traditional income sources is no longer enough: owners, operators and asset managers are now identifying alternative sources both within the hotel and around the site and available land. Strategic thinking on maximising revenue per square metre within the building footprint has led to some creative ideas which crucially do not impact the core business.

Weldon Mather
Weldon Mather
Director, Ireland
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Local roots, global scale: five key drivers of management company consolidation

The post COVID recovery did more than repair the U.S. hotel industry – it reshaped where value is being created and who is best positioned to capture it. Nowhere is that clearer than in the Sunbelt and its collar markets, where demographic shifts, corporate relocations and “year round leisure” have combined to produce outsized and often resilient hotel performance.

Bryan Younge
Bryan Younge
Managing Partner, USA
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Five drivers of hotel management company M&A in the Caribbean & Latin America (CALA) region

Independent hotel management companies are experiencing a period of accelerated growth across the Caribbean and Latin America (CALA), including Mexico. What was once a fragmented landscape of small, entrepreneurial operators is evolving into a dynamic ecosystem of increasingly sophisticated regional platforms — and capital providers are taking notice. For owners, investors, and lenders, the trend is not simply about operational preference. It reflects deeper structural forces reshaping the region’s hospitality sector: the need for local expertise, the pursuit of scale, the rapid modernization of technology and processes, and the growing demand for transparency, professionalism, and liquidity. Together, these drivers are creating a compelling case for independent operators as credible, aligned, and value‑enhancing partners for capital.

Dr. Clay B. Dickinson
Dr. Clay B. Dickinson
Managing Director, USA
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A unified vision for tourism readiness ahead of the World Cup

In 2026, the world will turn its eyes toward North America. For a month, the FIFA World Cup will become more than a global sporting competition – it will be a defining measure of how cities, nations, and industries craft human experience at scale.

Bryan Younge
Bryan Younge
Managing Partner, USA
Article
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Tactful ways to manage scope creep with demanding finance clients

In the world of finance projects – where accuracy, compliance and tight budgets are nonnegotiable – scope creep can easily turn a well-defined engagement into a resource drain. When scope creep happens, project requirements begin to expand beyond the original agreement, often through a series of small, incremental changes that were not formally approved.

Bryan Younge
Bryan Younge
Managing Partner, USA
Viewpoint

Cuando el termómetro se rompe: el calor extremo que está marcando el verano en América Latina

Hay un tipo de calor que no se discute. No es “qué lindo día”, ni “se siente pesado”. Es el calor que te obliga a cambiar planes, a buscar sombra como si fuera un lujo. Ese calor volvió a aparecer con fuerza en América Latina entre el cierre de diciembre de 2025 y los primeros días de enero de 2026, con registros que, en varios lugares, quedaron cerca de marcas récord para la época. Y lo más importante: en las ciudades, se vive peor.

Julia Chudnobsky
Julia Chudnobsky
Sustainability Lead, Argentina