Published by Hotel News Now.

Hotel asset managers shared what they believe to be the biggest obstacles facing the hotel industry along with some cost-cutting measures they suggest hoteliers pursue.

LEESBURG, Virginia—A tightening labor market and the ever-encroaching presence of alternative-accommodation platforms, such as Airbnb, are the biggest obstacles the hotel industry faces today, according to a group of hotel asset managers.

Attendees at the Hospitality Asset Managers Association’s 2018 Spring Conference shared both what they believed to be the major hurdles the industry must cope with, along with some key cost-cutting measures they believe people can look at in this climate of shrinking profit margins.

Original article available here.