A Management company is a firm that owns several Lodging properties.
In the travel, transportation, and hotel context, a management company is a company that provides management services to hotels, resorts, transportation companies, and other businesses in the hospitality industry. These management services can include everything from financial management and marketing to staffing and operations.
Examples of management companies in the travel, transportation, and hotel context include:
- Hotel management companies: These companies provide management services to hotels and resorts. They handle the day-to-day operations of the property, such as staffing, guest services, and marketing. Examples include: Marriott International, InterContinental Hotels Group, and Hilton Worldwide.
- Transportation management companies: These companies provide management services to transportation companies such as airlines, bus companies, and rental car companies. They handle the day-to-day operations of the company, such as scheduling, maintenance, and customer service. Examples include: National Express Group and FirstGroup.
- Destination management companies: These companies provide management services to destinations such as cities and countries to promote tourism and provide travel-related services to visitors. They handle the day-to-day operations of the destination, such as marketing, event planning, and visitor services. Examples include: Destination DC and VisitBritain.
Management companies are typically contracted by the property or company to provide these services. These management companies can also be specialized in certain area such as, Luxury hotel management, Boutique hotel management, All-inclusive resort management and so on.