The strategy of long-term hotel rental agreements provide stability and consistent returns for owners, ensuring profits without the uncertainty associated with short-term management.
In areas with high tourist demand, it minimizes occupancy fluctuations.
Such contracts foster a steady relationship with customers, offering service and price consistency, which strengthens trust and loyalty among repeat guests.
Moreover, tourists are more likely to trust hotels within the same chain, as positive experiences from previous stays reinforce their sense of reliability and familiarity.
This approach enables owners to better utilize their resources and improve their competitiveness by incorporating innovative services and sustainable practices that elevate the guest experience.