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HD2011 Town Hall Owners’ Roundtable Presented by:. Generously underwritten by: Mark David, Inc., Kohler Interiors Hospitality Group. Economic Indicator Study of Hospitality Purchasers. Prepared by: The Hospitality Design Group/Nielsen Expositions. Prepared for:
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HD2011 Town Hall Owners’ Roundtable Presented by: Generously underwritten by: Mark David, Inc., Kohler Interiors Hospitality Group
Economic Indicator Study of Hospitality Purchasers Prepared by: The Hospitality Design Group/Nielsen Expositions Prepared for: The International Society of Hospitality Purchasers www.ishp.org May 19, 2011 38
BUSINESS GROWTH – CHANGE IN NUMBER OF PROJECTS Past 12 Months Next 12 Months Up Same Down 44
SUMMARY • Almost 60% of the work is now in the mid-scale and economy segments. • Over 75% of the projects are renovations of branded/ chain hotels. • Significant longer product lead times but significant shorter project schedules, on a slightly larger budget. • For 2011, we have less time to spend more money on items that take longer to ship. • And 80% of the ISHP members think business will be up in 2011. www.ishp.org 45