This article was originally published by Hotel News Now. With the start of the new year, many of us take stock of where we are and what 2018 holds in store. The status of the U.S. hotel industry partly depends on the lens you’re looking through—whether you’re a franchise company, developer, owner, operator or investor.

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.

With the closure of almost 1,500 18-hole equivalent golf course in the last ten years, golf entertainment complexes offer a new spin on golf that has the potential to bring new players to the game.