Important information for hoteliers to know before choosing a management company
The U.S. hotel industry has made many strides since the beginning of the COVID-19 pandemic, and 2023 has been off to a strong start. At the beginning of the year, STR reported that revenues and profits reached highest-ever levels during 2022, and CBRE increased its hotel performance forecast to account for expected GDP growth during the coming year. But amid the positive travel industry news, the American Hotel & Lodging Association (AHLA) recently reported that 80 percent of hotels are experiencing staffing shortages and are looking for new ways to incentivize workers to join the industry’s ranks. To help meet the staffing challenge, capitalize on growth opportunities, and strategically position themselves against the competition, hoteliers often look to partner with management companies. This year, LODGING profiles over 50 management companies that can assist hoteliers in realizing their goals.
Editor’s note: The following list is in alphabetical order. All numbers are for the 2022 calendar year, United States only, unless otherwise stated.
Crestline is a leading North American hospitality management company recognized for its award-winning guest service that drives superior revenue and bottom-line financial results. For more than 24 years, Crestline has partnered with owners and investors across all major brands including Marriott, Hilton, and Hyatt to exceed brand expectations and deliver value. Crestline also specializes in destination restaurants, conference facilities, and high-end boutique hotels. Crestline distinguishes itself with its highly qualified team of associates who customize a successful plan of operations, sales/revenue generation, and marketing. Contact Crestline and let them show you the remarkable “Crestline Effect.”