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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. ....
Article - U.S. Hotels Add 1,200 Jobs in April Reports AHLA - U.S. Hotels still 193,600 jobs short of pre-pandemic levels amid economy-wide labor shortage ....
Article - How Summer Demand Is Expected To Unfold for U.S. Hotels - CoStar - As U.S. hoteliers foresee another summer of softer leisure demand, events such as concerts, youth sports and family events are driving forward bookings. ....