Hotel contracts getting more ‘even’ as owners negotiate harder on performance benchmarks

Hotel contracts in India are evolving as chains expand their local portfolios significantly. Owners now negotiate more explicitly on performance benchmarks and capital expenditure requirements. Agreements detail cybersecurity and data responsibilities, shifting towards strategic partnerships. Domestic chains are opting for franchise structures, giving owners more operational control. These detailed contracts reflect a more balanced power dynamic between owners and operators.
Read more at the source

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.