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.
Headquartered in Dallas and founded in 2020, Practice Hospitality is helmed by CEO Bashar Wali and a team of industry leaders with more than a century of collective experience and focuses on operating hotels with intentionally crafted, deeply resonating experiences and soul. With Marriott, Hilton, and IHG properties in its portfolio, the company is equally at home operating award-winning independent and brand-affiliated hotels with an anything-but-cookie-cutter approach to unlock the maximum value of each asset. This spring, Practice is opening Americana Motor Hotel in Flagstaff, Arizona.
