The world of hotel and resort developers is often competitive and fast paced. With new hotels and resorts being built almost monthly, it's important to stay on top of not only what is new and exciting, but also what the competition is building. The best place to start is by keeping up with hotel and resort developers news and trends.
Being able to gauge the marketplace can help you keep your company nimble and also help your budget. If you know what trends are hot and what ones have cooled off, you can take a look at your budget and adjust it accordingly so you aren't wasting money on amenities that have little value in the eyes of your customers.
1. Stay current when it comes to news on the competition
2. Subscribe to hotel and resort publications for an industry wide overview
3. Include your staff in the quest for hotel builder news
Action Steps
The best contacts and resources to help you get it done
Keep the hotel and resort developer competition in sight
In order to keep your company marketable, you should keep an eye on what your competition is doing. There are many websites out there devoted to news about resort builders and hotel development companies. If you see common similarities being reported on, you can bet that whatever it is, it's going to be an important trend to follow.
I recommend: Visit the website of
Hotel News Resource to read up on articles pertaining to what has been happening in the hotel and resort development industry.
Hotel Interactive provides daily breaking news stories on hotel developers worldwide.
Keep up-to-date with industry publications
To keep up with hotel and resort development news and trends, your company should have subscriptions to industry publications. If your budget is small, look for free e-mail newsletters that you can take advantage of to keep informed of the latest trends.
I recommend: Property Wire offers various levels of subscriptions for their newsletter that focuses primarily on international hotel and resort development.
Hotels has a free subscription to their monthly magazine that highlights the latest trends in hotel design, technology and marketing.
Keep your employees in the hotel developer knowledge loop
If you have staff to spare, consider putting some of them on the job to stay current with news and trends. Have them search out some online newsletters or locate a conference or two for hotel builders that would not only get your company name out there, but increase the amount of trend information your company will have access to.
I recommend: Hospitality Net reports on upcoming industry conferences and has the latest hotel and resort developer news.
BuildCentral has a free search that lets you search hotel development projects by state or by type.
Tips & Tactics
Helpful advice for making the most of this Guide
- When subscribing to newsletters and online alerts, make sure that you pay attention to the content. Only select those that provide you with relevant, fact-based information versus focusing on private advertising.
Related Resources from Business.com
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