How management companies generate ROI from technology: It’s a sum of its parts.
For hotel management companies looking to secure new management contracts from hotel owners, the technology on offer can make or break a deal. Investors own hotels explicitly to make the business value increase, often with a profitable sale as a targeted outcome. But we all know that post-pandemic labor tightening has put a strain on hotel operations. When operations are stressed, there is a downstream impact on property maintenance, guest experience, reviews, and eventually revenue.