In this discussion board, we will explore the reasons why joint ventures are an often used form of management agreement in gl

In this discussion board, we will explore the reasons why joint ventures are an often used form of management agreement in global hotel expansion.In your post, consider:

1. What is a joint venture?  Give an example of a joint venture hotel deal in your country of choice and outline who are the major players involved.
2. Why does a joint venture make sense as a means for hotel global expansion?  Give 4 well explained reasons for your answer.