Question

Hotel companies are increasingly opting for ________ because considerably less capital is tied up in managing as compared to ownership.

Answer 1

The answer is "management companies".
Hotel companies are increasingly opting for management companies.....

An management company refers to a company who owns or possesses the regular zones of a multi-unit advancement and keeps up them for the benefit of all the property proprietors. A multi-unit advancement involves houses, lofts or a blend of both. The regular zones incorporate the auto stop, green spaces, mutual foyers and passages in the apartment blocks. The proprietors of property in the advancement progress become members of the administration organization and might be chosen as chiefs.

Answer 2

Hotel companies are increasingly opting for management contracts because the ownership is locking more money for managing comparatively. Management contracts give operational control to a separate company to managerial operations for money. Before deciding on the agreement with outside enterprise budget should be kept in mind.