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Management Company Compensation Slows in 2023 : 4Hoteliers 4hoteliers.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 4hoteliers.com Daily Mail and Mail on Sunday newspapers.
Management Company Compensation Slows in 2023 | By Robert Mandelbaum and Tim Dick hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
Article - U.S. Hotel Management Company Compensation Slows in 2023 - By Robert Mandelbaum and Tim Dick - 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. ....
Federal Government has projected ambitious plans to increase revenue accruing from Value Added Tax (VAT) from an average of N35 trillion in 2024, to N40 ....