Hotel Business

APRIL 1, 2024

CoralTree’s parent company, Lowe, launched its hospitality management business in 1973 to provide residential resort management services. In late 2023, we substantially grew our portfolio of vacation rentals and are excited to further expand, operationalize and brand this collection to highlight our expertise in this area.”

Procurement 111

Procurement Concierge Housekeeping Maintenance 111

Hotel Business

SEPTEMBER 28, 2023

Lowe’s hospitality management subsidiary, CoralTree Hospitality Group , will assume management of the rental units, HOAs and resort properties included in the transaction. The management business will be rebranded by Lowe and CoralTree. We foresee a bright future as we guide this business toward new achievements.”

Resort Management 99

Resort Management Procurement Concierge Housekeeping 99

Les Roches

SEPTEMBER 23, 2024

Typically, this fee covers a range of services, including overseeing day-to-day operations, staffing, marketing and maintenance. Incentive fees Many hotel management companies earn incentive fees, which are based on achieving specific financial milestones or performance targets such as profitability or high occupancy rates.

Budgeting 52

Budgeting Training Guest Satisfaction Housekeeping 52

Les Roches

DECEMBER 27, 2023

MBA in hospitality Different types of management in the hospitality sector Dimensions/E+ via Getty Images This is a diverse field and each role demands distinct skills and knowledge. Revenue management and hospitality management Effective­ revenue manage­ment is essential in the­ hospitality industry, particularly for hotels.

Travel and Tourism 52

Travel and Tourism Hospitality Management Communication Customer Service 52