Study On The Risk Management For Investor In AH Time Sharing Vacation Hotel Project

China's tourism real estate industry has accumulated about nearly two decades of experience in the hotel property investment and development,through our ten consecutive years of economic stability and rapid development of high-speed,and the majority of the people interested in tourism and an increase in the trend of the rise of the tourism market,hotel property in our major cities have a large number of potential customers,which on the whole in China is a very promising investment market.But on the whole of the equity investment behavior of the hotel industry is still in the early stages of very immature,the serious problem of information asymmetry,the final loss is mainly caused by falls each hotel room(or other investment units)of equity investments personals body.So the hotel property investors should always keep investment risks associated with the concept of full consideration and understanding.This study of this project to develop tourism real estate investment risk management in the course of the study,using a large number of advanced research tools to help the project investment risk assessment,risk aversion and provides recommendations.This study is divided into four parts: The first part is the basis of literature research focus at home and abroad in recent years,risk management were reviewed results of frontier research,and based on this literature review,combined with the specific circumstances AH hotel property for in this paper,we are drawn eighteen a tourism real estate projects investment risk evaluation for a tourism real.The second part of the current project several more mainstream risk identification process of the present study were compared,analyzed their respective advantages and disadvantages,combined with the actual situation of tourism real estate projects AH selection of brainstorming and working structure decomposition method Panel of experts on the organization of risk a tourism real estate development and investment projects carried out risk identification,summed up the risk list a tourism real estate investment,gives details of the six risk factors,and a specific analysis.The third part of this study a combination of qualitative and quantitative methods of risk assessment.AH tourism real estate projects with the help of investment risk assessment process,mainly the study of fuzzy comprehensive evaluation method and AHP binding to better reduce the influence of subjective factors.Calculated the value of the specific risk assessment AH risk assessment of tourism real estate projects will be mainly individual investors face,and gives priority ranking of the risk assessment.This combination of qualitative and quantitative methods of risk assessment methods,better guarantee for AH tourism real estate projects investment risk evaluation objectivity and practical.The fourth part,combining practice of risk assessment results and the calculated value A tourism real estate projects,helping AH tourism real estate projects investors who focus on providing a response to market risk,integrity risk,operational risk,legal risk measures in four areas,in practice all important role.This study innovative integrated use of fuzzy comprehensive evaluation method and AHP risk assessment.In the study the method level risk analysis,fuzzy comprehensive evaluation method is the use of mathematical language to solve the problem,and while the Analytic Hierarchy Process to calculate the weight assignment has advantages.Use of AHP weight calculation as a result of fuzzy comprehensive evaluation of the probability of the risk class of initial data,can well make up for lack of both,to achieve fine computer science,to better ensure AH tourism real estate investment objective risk assessment results sex.In practice,the application of the project,since the present study takes advantage of a combination of both,not one or two processing for calculation parameters do not need a formula for a calculation method will be complicated,so in practical application,this calculation process of combining the two methods also have good maneuverability,ideal for the practical application of risk assessment.This study about tourism real estate projects investment risk index system and risk assessment during the operational phase of potential individual investors who want to buy directly from the hotel rooms A property equity investors provides an intuitive risk assessment and risk prevention measures to help them reduce risk and improve return on investment.Secondly,the individual investor risk indicators in this study provided also for the development and operation of tourism real estate projects AH party specified in A subsequent project development and operation of the process need to pay attention to improve the direction,so that the results of this research project will be AH developers of the project to achieve a smooth start to develop and attract investment,but also provide inspiration.Further,since the general industry,especially tourism real estate project risk assessment often involves the development of hotels,tourist hotels,restaurants,entertainment,commercial and residential development,this study provides tourism real estate projects related to these investors we have a better reference.