Bosworth: Hotel brands often neither own properties nor employ staff
Patrick Bosworth · 737: 3000 Hotels Are Paying Them to Optimize Pricing, Investors Put in $50m · Jul 31, 2017 · at 7:57
Duetto CEO Patrick Bosworth explains the multi-stakeholder structure of the lodging industry to Nathan Latka, distinguishing real estate owners, brand franchisors, and third-party operating companies.
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“What a lot of people don't realize about the hotel industry today, though, Is that a lot of times the brand is no longer the operator. They've gone so asset light that they no longer, not only do they not own the underlying real estate, they also don't actually hire the employees that service the guests.”
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