The cost of guest acquisition is on everyones mind these days, which means GMs are feeling pressure from ownership, asset managers and their hotel management companies to maximize the ROI from their marketing investments.
Hilton Garden Inn opened four new hotels in the United States, Russia, Germany and Saudi Arabia.
The Gaylord Texan Resort is preparing to open the doors of its latest addition, the all-new Vineyard Tower, in the beginning of May 2018. The $120M project was completed by property owners Ryman Hospitality Properties, Inc. (NYSE:RHP).
Most hotel operators, particularly those with properties in popular destinations, have a lot to celebrate. In the United States, the industry has enjoyed eight straight years of RevPAR growth. Industry analysts agree that the party may be far from over.