Maximizing Hotel Performance in the Year Ahead
By Annie Mulvanny, VP of Investments and Asset Management.
With some economic uncertainty in the future and potential for shocks relating to the upcoming presidential election and ongoing wars in Europe and the Middle East, it is not time to abandon expense discipline. Even as revenue per available room is forecast to increase across most markets in 2024, the rise in expenses is making it more difficult to achieve the same profit margins.
There are several ways operators, asset managers, and hotel owners are combating these issues, including in the areas of technology, labor and guest services.
Read Article
Read Article (pdf)