This article explores what hoteliers should consider before renovating hotel properties, including the effect on occupancy and ADR, timing, ROI, and mandates imposed by franchise companies.
Hoteliers need to ready themselves for the possibility of wage increases and implement ways to mitigate the new costs of operation.
Hotel development in Cleveland is booming, thanks in part to the city winning the bid for the 2016 RNC, a new convention center and a surging health care sector.
Many hotels are adding convenience shops as alternatives to classic full-service gift shops and vending machines. Learn how these shops are earning their 100 square feet of lobby space.
Developers slow to tap into weight loss resort demand. Learn about this emerging trend and its opportunity for growth.
Buyers see opportunity in upper-tier hotel market as sales increase. Lower-tier market sees decline in sales as the great recession lingers.