Marcus Lee

May 5, 2024 | 4hoteliers.com | Marcus Lee

In the ever-evolving hospitality industry, the question of how to effectively compensate hotel operators remains crucial. While the basic premise of paying managers for their management skills holds true, the prevalent incentive fee structures may no longer adequately align with market realities, particularly for owners.

Apr 30, 2024 | hotelnewsresource.com | Marcus Lee

GBR Consulting Reports Greek Hospitality Industry Performance 1st Quarter 2024    During Q1 2024/23 international arrivals of non-residents at the Athens airport increased 20%, while the international arrivals at the airport of Thessaloniki increased 13%. Traffic registered growth across all months of the quarter. In Athens, the rise in airport arrivals boosted occupancy rates by 5.9% in Q1 2024/23, accompanied by a 3.9% increase in room prices. Consequently, RevPAR improved by 10%.

Apr 29, 2024 | hotelnewsresource.com | Adam Harris |Marcus Lee

Atlanta Hotel Construction Pipeline Hits Its All-Time High    The recent U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE) reports that, at the close of the first quarter, the top five markets with the largest hotel construction pipelines are led by Dallas with 185 projects/21,882 rooms, slightly below record-highs recorded at the end of Q4 2023. Next is Atlanta, with an all-time high of 153 projects with 17,929 rooms, then Nashville with 127 projects/16,199 rooms.

Apr 29, 2024 | hotelnewsresource.com | Marcus Lee

Sensory-Inclusive Camp Hyatt at the Hyatt Regency Aqaba Ayla    Hyatt collaborates with KultureCity for a survey of more than 1,000 neurodivergent individuals and caregivers to drive research-supported action One in every four individuals in the U.S. has a sensory need or an invisible disability according to KultureCity, including those with autism spectrum disorder, dyslexia and attention-deficit disorder.

Apr 27, 2024 | hotel-online.com | Elliott Bryan |Marcus Lee

By Marcus R. LeeIn the ever-evolving hospitality industry, the question of how to effectively compensate hotel operators remains crucial. While the basic premise of paying managers for their management skills holds true, the prevalent incentive fee structures may no longer adequately align with market realities, particularly for owners.