Hotel management agreements (HMAs) in Asia Pacific are undergoing a transformation, with average contract durations extending to 17.4 years and sales fees increasing. This trend reflects evolving priorities in the region’s hospitality sector, where owners seek brand security and operators prioritize performance-based incentives.
Senegal, a newly established oil producer, has formed a commission to review and potentially renegotiate existing oil and gas contracts, aiming to ensure they are more beneficial to the country’s interests. The move comes after the new government criticized previous agreements as unfavorable, emphasizing the need for a fair share of the profits from the nation’s natural resources.
