Hotel owners and operators who believed they could go it alone before the coronavirus pandemic devastated the hotel industry are having another think and turning to third-party managers to work their way back to profitability in the post-pandemic recovery. Another trend contributing to the growth in third-party managers’ business is more commercial real estate investors armed with cash entering the hotel sector and in need to an experienced operations team.

Episode 321 of Lodging Leaders podcast explores the growth of third-party management companies over the past 12 months.

This report is part of Lodging Leaders’ coverage of the coronavirus crisis and its impact on the hospitality industry.