Tax Incentives for Opportunity Zones: a Brief Introduction
Hotel investors are taking advantage of opportunity zones, and rightly so. Opportunity zones are a win-win for both low-income neighborhoods and investors, which is why the government has created some major tax incentives for them. Want to learn more? Read Congressional Research Service’s briefing of tax incentives for opportunity zones here. Ready to invest in […]
The Future of Cellular Connectivity for the Hospitality Industry
As guests become more demanding in the type of services they want, hotel properties will need to keep up to meet their demands. That includes providing excellent wi-fi connectivity. Draw Factor Reliable and secure high-speed wireless connectivity is one of the basic amenities that many guests now require, with more than 96% of guests who […]
Profit Growth Becomes Harder to Achieve for U.S. Hotels
The revenue growth forecast for hotels is expected to slow down, indicating that profits may be harder to hit this year. Revenue gains may have been positive for some, but only about 54.3% had seen any improvement in their GOP. What Drives Growth Historical data tells us that ADR growth is the one that boosts […]
Hyatt Plans to Grow Hyatt Centric in the U.S.
Hyatt is set on a worldwide expansion, announcing plans to build hotels in locations such as Philadelphia, Portland, Senegal, El Salvador, Los Angeles, and Australia. The hotels will make for a strong addition to the brand’s global footprint, especially when taken into considered alongside Hyatt’s newly-opened hotels in Miami as well as in spots like […]
Asset Managers Mostly Concerned with Rising Labor Costs
Hotels are finding it hard to control salaries, with higher pay, wages, as well as benefits taking a chunk out of the company’s revenue. As increased labor costs make reports for growth and profit a bit gloomy, investors may find this to be the best time to start scouting around for a hotel property for […]
How Hotel and Retail Brands are Joining Forces
The growing trend of convergence between retail and hospitality isn’t anything new. Hotel brands that work with retail brands provide a personalized experience for customers, draw in more bookings, create a better brand value, and have higher returns. Finding the Right Fit Hotel property owners or investors in hotels need to find retail companies with […]