Jack Lindemuth
Resort and Urban Fees: Thinking of Implementing One? Here’s How to Ensure a Successful Execution
Jack Lindemuth | January 14, 2022
By Jack Lindemuth Hotel operational expense growth pacing higher than revenue growth has made it more challenging than ever for many hotel owners to achieve their profitability goals. The pandemic turned the previous labor shortage into a crisis and new types of accommodation, such as Airbnb and Sonder continue to cause disruption. This new industry landscape requires a recalibrated business model for most hotels and resorts to achieve financial success, and one way to do that could be implementing resort and urban fees. While these are not necessarily the silver bullet, resort and urban fees can provide owners and hoteliers with...