To say that things have changed for the hotel industry since the last time LODGINGpublished a spotlight on management companies is a gross understatement. In April of last year, occupancies plummeted to previously unseen lows and the industry has been slow to rebound. There’s hope on the horizon, though. CBRE Hotels Research recently reported that it is forecasting an average national occupancy level of 43 percent during the first half of 2021, which then accelerates to 55.1 percent in the second half of the year. Now, hoteliers are tasked with leaving behind the survival mindset that they’ve had to embrace over the past year in favor of a recovery mindset. Switching gears after spending so long focused on survival might take some time, and hoteliers may be looking for assistance in moving their properties past the pandemic—that’s when a hotelier may choose to partner with a third-party manager.
Editor’s note: The following list is in alphabetical order.
Founded in 1980, Benchmark provides development, management, marketing, and owner-advisory services for resorts, hotels, conference centers, and private clubs. The company also has two collections of independent hotels and resorts in destinations across the United States and the Caribbean: Benchmark Resorts & Hotels portfolio and the Gemstone Collection.
ARLINGTON, Virginia—Knowland and Thynk announced a strategic partnership in which data from Thynk's hospitality CRM solution will be integrated with Knowland’s meetings and events...
WASHINGTON—U.S. hotel performance decreased from the previous week but showed positive comparisons year over year, according to CoStar's latest data through March 23, 2024....