Archive for: March, 2014
The hotel industry has staged an impressive comeback from the depths of the recession, with California poised to see considerably more investment in real estate acquisitions and new development, a panel of experts agreed on Friday. Not only are hotels consistently seeing their room revenues rising, but prices paid for a growing number of hotels,
Top Third-Party Management Companies as reported in the March issue of Hotel Management Magazine. RAR has moved from 167 to 112 in the last year. See the list here.
A “business success plan” for the hospitality industry requires a new set of disciplines because knowledge acquisition of the changing technologies alone represents a challenge in and of itself. Strong service leadership skills will allow for the transfer of the success plan to each unit manager.