Third Party Management Companies:Key Trends and Issues

THIRD PARTY MANAGEMENT COMPANIES: KEY TRENDS AND ISSUES

This report is the first in a new series of Business Briefings published by Hotel Analyst ­ – concise, fact-packed reports on key trends and issues impacting today’s hospitality industry.
The briefing focuses on Third Party Management Companies. Already well established in North America, their recent spread to Europe and Asia Pacific raises important questions.

What has brought the growing interest in third party management companies? Who are the major players in third party management? How is the industry evolving on a regional level? And what are the major trends and issues impacting this sector?

The answers in this report make it required reading for hospitality industry professionals needing to stay ahead of the game.

CONTENTS

INTRODUCTION

BACKGROUND

Franchising and Management Contracts

Advantages of using a management company as opposed to individual manager

Drivers for growth

EVOLUTION OF THE CONCEPT – THE US

Interstate Hotels & Resorts

White Lodging Services Group

Pillar Hotels & Resorts

GF Management

Crescent Hotels & Resorts

MOVING INTO EUROPE

Bespoke Hotels

Focus Hotels

Grand City Hotels

Hospitality Alliance AG

Interstate Europe

Kew Green Hotels

PREM Group

Redefine BDL

Sophos Hotels