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From Q3 ’21 to Q3 ’22, the extended stay new construction pipeline grew 26% Year-Over-Year (YOY) by rooms. Construction Pipeline are extended-stay projects, accounting for 35% of projects and 30% of the rooms in the total U.S. In Q3 2017, projects in the early planning phase stood at 248 projects/23,683 rooms.
From selecting the right location to managing construction and hiring staff, the pre-opening phase is about laying the groundwork. Key Considerations for OTA Accounts Pictures : High-quality, professional images of your rooms, amenities, and surroundings can significantly impact your listing’s performance.
The strategic promotions and new leadership team additions include Sue Sanders to EVP, chief strategy and administrative officer; Wilson Turner to SVP, human resources; Angie Cook to SVP of accounting and finance; Suzanne Saunders to SVP, design and construction; and Bob Kisker to VP, operations. and Starwood Hotels and Resorts.
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Resort development is a complex discipline, requiring meticulous planning, strategic design, procurement, construction, operations and marketing. This guide covers everything you need to know about resort development, from planning a resort to effectively managing a thriving destination.
It also allows a deeper level of understanding of your property’s performance during strategicplanning. This type of strategy takes supply and demand into account and other factors that may affect market demand; competitor pricing, room availability, seasonality and other external aspects. Revenue management strategy 1.
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