Why Hotel Operators Need to Think More Like Owners

AI Summary

The article argues that hotel operators pursuing asset-light growth should still account for owners’ capital risks and long-term property value. Operators with a greater stake in hotel investments may be better placed to test ideas and challenge investment assumptions.

Asset-light growth can help hotel companies scale faster, but owners still carry the capital risk. Operators with skin in the game may be better positioned to test ideas, challenge investment assumptions, and focus on long-term hotel value.