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HD 2013 Town Hall Owners’ Roundtable Presented by:. Generously underwritten by: Mark David. Welcome to the 12 th Annual Town Hall. Liz Sommerville Group Show Director Nielsen Expositions Hospitality Design. 2. Moderator. Alan Benjamin, ISHP, ISHC president and ceo Benjamin West
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HD 2013 Town Hall Owners’ Roundtable Presented by: Generously underwritten by: Mark David
Welcome to the 12th Annual Town Hall Liz Sommerville Group Show Director Nielsen Expositions Hospitality Design 2
Moderator Alan Benjamin, ISHP, ISHC president and ceo Benjamin West co-founder and past president, ISHP 3
Co-Moderator LoriPatten, ISHP principal PattenPurchasing, LLC president, ISHP 4
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 16, 2013 5
BUSINESS GROWTH – CHANGE IN NUMBER OF PROJECTS Past 12 Months Next 12 Months Up Same Down 11
SUMMARY • Over 60% of the work has moved from the mid-scale and economy segments back to the upper upscale and upscale segments. • Over 75% of the projects are renovations of branded/ chain hotels. • Significant longer product lead times, on a larger overall budget, on shorter project schedules. • For 2013, we are spending more money on items that take longer to produce. • And 73% of the ISHP members think business will be up in 2013, with only 2% thinking business will be down in 2013. 12
HD 2013 Town Hall Owners’ Roundtable Presented by: Generously underwritten by: Mark David 45