Big hotel chains and unbranded-hotel owners find they need each other

March 25, 2024

Independent hotel operators and giant global chains are increasingly linking up in franchise agreements as high-interest rates have slammed the hospitality industry, slowing down new hotel construction. For big chains, new franchise agreements from conversions keep investors happy by opening new hotels in the short term. Hotel operators benefited from the surge in "revenge travel" as the pandemic receded. Approximately $217 billion in hotel loans are slated to mature globally by 2025, said Zach Demuth, JLL global head of hotels and hospitality research. For branded hotels, rates are about 0.25% lower.

The source of this news is from Tuoi Tre News

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