In short: yes.
A bit more detailed: There are some good hosts and some bad hosts out there. We have a few that we recommend for our users, including SiteGround and WP Engine. There are a lot of great hosts out there, but there are some not as great ones too.
Look for a host that specializes in WordPress (there are a lot out there these days), and don’t let cost be your only consideration. A $10 or higher plan with a good host is not much more than a $4 or less plan with a poor host, and the cost difference is negligible when it comes to your business.
Posted in: Service