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U.S. Hotel Management Company Compensation Slows in 2023 & By Robert Mandelbaum and Tim Dick
2024-05-06 19:54:01| Hotel Resource
As U.S. lodging industry performance decelerated in 2023, so did the amount of fees paid by owners to their management companies. Preliminary results from CBRE's annual Trends in the Hotel Industry survey find that total hotel revenue growth slowed to 6.9% in 2023, while GOP inched up by 3.5%. As a result, total management fee payments rose by just 1.2% during the year, well below the double and triple&digit growth rates seen in the previous two years.
Category:
Hospitality
LATEST NEWS
Eatertainment on the Rise: How Technology is Playing a Crucial Role & By By Joshua Sadigh
2024-05-06 17:54:27| Hotel Resource
Entertainment and competitive socializing transform ordinary hangouts into vibrant and memorable experiences, blending the fun of competition with the joy of social interaction. This growing trend resonates particularly with Millennials and Gen Z, who prioritize experiences over material possessions, seeking moments that foster connections and create fun lasting memories.
Category:
Hospitality
The St. Regis Punta Mita Resort Unveils $45 Million Property&Wide Transformation
2024-05-06 17:54:27| Hotel Resource
The scope of the resort's renovation spans all common areas and public spaces, the introduction of five beachfront villas, redesigned suites and guest rooms, enhancements to The St. Regis Spa, the launch of new restaurants and bar concepts, updates to the resort's outdoor wedding venues and the introduction of the Marietas Pool, featuring expansive vistas to Islas Marietas National Park.
Category:
Hospitality