article thumbnail

Exclusive: quick, cost-saving strategies drive momentum for Choice

Hotel Management

Trent Conroy, Choice Hotels The Australasian greenfield development market continues to witness feasibility challenges, with elevated construction costs, inflation, and tighter lending conditions dampening new supply pipelines. Unlike ground-up developments, conversions require less capital, can be executed faster and deliver ROI sooner.

ROI 130
article thumbnail

Building Trust Through Data-Driven Social Media Marketing

Social Hospitality

The insights you can glean from this information empower you to tailor campaigns with laser precision, ensuring resources are spent on strategies that deliver the best ROI. Engage promptly and constructively with positive or negative feedback to demonstrate responsiveness and accountability.

Marketing 245
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Construction Marketing – Strategies to Elevate Your Sales

MediaBoom

Construction marketing is a must, as digital marketing resource WebFX reports that seven million people per month will use Google to search for contractors. What is marketing for construction companies? Marketing services can assist construction businesses in achieving their goals. What Is Construction Marketing?

article thumbnail

HB on the Scene: Development execs talk deals, financing at NABHOOD Summit

Hotel Business

“It’s at its highest point since the ’80s so that ROI thesis that someone went into when an owner purchased the site is not exactly coming to fruition because of the cap stack and equity required,” she said. Getting new construction financing right now is a challenge. So there’s an opportunity there.”

article thumbnail

Wyndham’s ECHO pipeline reaches 200+ hotels

Hotel Business

Compounding the opportunities created by the Infrastructure and Jobs Act is the $280-billion CHIPS and Science Act of 2022, of which more than $50 billion is for American semiconductor research, development and manufacturing, which is driving construction of new chip manufacturing plants across the U.S. Coming in at approximately 50,000 sq.

article thumbnail

Hotel Leaders Tackle Current Challenges at CHIC 2025

Hotelier Magazine

Laport noted Concord has eight hotels under construction, while Toor is building strategically in high-barrier markets. Rice emphasized the ROI potential in these regions, noting, They may not be sexy, but theyve made a lot of investors in Canada a lot of money. On growth, all three panellists are forging ahead.

article thumbnail

Wyndham Signs 60 New ECHO Suites Hotels across Canada, U.S.

Hotelier Magazine

Multiple projects have already broken ground and are in various stages of construction across Virginia, Texas and South Carolina, with more than a dozen slated to break ground in the months ahead. The purpose-built, all new-construction, 124-room ECHO Suites prototype requires under two acres of land and has a highly competitive cost per key.