Hotels must innovate to hold on to profits, research shows

11/14/2013 | HotelNewsNow.com

Patrick Bosworth, CEO and co-founder of Duetto Research, said the hotel industry will hit a point when profit margins are cut too far (mostly by third parties) and staying profitable will be impossible. According to the Hotel Asset Management Association third-party commissions are increasing at twice the rate of hotel revenue, which Cindy Estis Green, CEO and co-founder of Kalibri Labs, says is not sustainable.

View Full Article in:

HotelNewsNow.com

Published in Briefs: