According to a recent report, hotels are very sluggish in adapting to new technologies and digitalization. The study conducted of over 4000 hotels found that nearly 63% hotels have not fully embraced digitalization. Digitalization and technology can help in addressing the pressing issue of labor shortages in the industry. So what is stopping hotels from integrating the latest technological solutions […]
The relationship between a hotel brand and its franchisee partners is critical to the success of the hotels as well as the brand. A brand which cares for its franchisees and has a solid relationship with them can grow by leaps and bounds. On the other hand, a brand that does not care for its franchisee partners nor does it […]
Most people start a hotel property with the dreams of making huge profits. However the sad reality is that most of the hotel startups fail miserably, specially in the first few years. The first 2-5 years probably pose the greatest threat of a hotel shutting down, resulting in thousands or millions of dollars of loss for its investors. There are […]
Running an independent hotel is not an easy task. It can turn out to be a nightmare if you lack the proper experience or knowledge of how to effectively and successfully run a hotel. There are hundreds of small and big things that you have to be aware of in order to ensure the hotel you are running is not […]
In the hotel franchising model, both the brand and the franchisee have their individual responsibilities to fulfill. The brand does have a very crucial role to play to help the franchisees succeed. However, any time the franchise hotel does not do well, it cannot just point the finger at the brand, without analyzing its own faults and shortcomings. While it […]
Stay Express franchisee partners have expressed immense satisfaction after joining Stay Express brand. Various hotel owners have cited various reasons why they love Stay Express, among them being: Stay Express has helped increase their business Stay Express helped them save thousands of dollars The Stay Express fees and franchise costs are very affordable Stay Express PIPs policy is highly reasonable […]
New hotels are more vulnerable to failure. Statistically they have the highest chance of closing down! This is what Forbe’s data suggests. The Reality of New Startups: A lot of businesses fail during the initial years of their startup. This includes hotels, motels and lodges. The failure rates can be very high for newly started businesses. According to Forbe’s data, nearly […]
What is the biggest complain that franchisee hotels have against their brands? What is it they would like to change or improve? In a small survey held by Stay Express, hoteliers voted on what is the thing they feel lacking. The results are quite interesting. Nearly 50% hoteliers claimed they wanted more support from the brand. They voted for this […]
Franchising is here to stay. It is not going anywhere, according to Sharif Khan, who is an experienced hotelier and has over 20 years of experience in this industry. He has owned and managed hotels, been a franchisee and now is a franchise owner as well. So he has experience of both sides of the hotel franchising business. To operate […]
Hotel franchising is like a marriage between two people. Some marriages last a lifetime while few others are over within a short period. For the marriage to succeed, both parties have to fulfil their responsibilities and promises. Similarly in a hotel franchise setup, the brand and the hotel, both have to fulfil their ends of the bargain. The brands have […]
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