Marriott to Open More Than 1,700 Hotels by 2021

Hotel Property For Sale

Hotel giant Marriott outlined a three-year plan to launch more than 1,700 hotels all over the globe. They also aim to return up to $11 billion to shareholders and intend to make a full-year profit of about $8.50 per share by the time 2021 rolls in. Closer Look into The Numbers The brand already owns […]

Accurate Forecasts for Hotel Revenue

Hotel Business For Sale

Accurate forecasts are an essential part of revenue management for hotels. Property owners who have adopted a more holistic approach to revenue strategy will find that it makes it easier to align departments when the data, goals, and metrics are on the same page. Improving Forecasts Aside from a holistic approach, one way to ensure […]

5 Major Hotel Trends for 2019

Hotel For Sale By Owner

Hotel ownership is an excellent revenue source. If you’re looking for ways to diversify your portfolio, then investing in a hotel property can be the right financial decision for you. Before you talk to your hotel brokers, read up on the following major hotel trends for the year. This can influence you in the kind […]

U.S. Department of Labor Releases New Overtime Rule

Hotel Business For Sale

More American workers may qualify for overtime pay this year. Under the current enforced law, only employees with a salary below $455 every week are eligible for overtime pay if they work more than 40 hours a week. The Notice of Proposed Rulemaking announced by the U.S. Department of Labor may make that happen. What […]

Standard Hotel Group Raises $5m For New App

Hotel Brokerage

The Standard International’s hotels have always been a byword for trendy rooms and late-night party spots. Now, it sets to add incubator to its list of accomplishments, as Standard Hotels launches a one-night booking app. Not Pay-Per-Minute The mobile app was launched in 2016 and has a list containing over 200 hotels open for clients […]