1 / 20

Economic Indicator Study of Hospitality Purchasers

This study by VNU Business Publications Research Center, sponsored by ISHP and Hospitality Design magazine, assesses the economic conditions within the hospitality industry. It includes insights on vendor relationships, lead times, project schedules, and budget comparisons. Survey conducted with ISHP members offered valuable data on current hotel projects, renovation trends, and product replacement cycles in North America.

maxwell
Télécharger la présentation

Economic Indicator Study of Hospitality Purchasers

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Economic Indicator Study of Hospitality Purchasers Prepared for: The International Society of Hospitality Purchasers www.ishp.org Prepared by: The VNU Business Publications Research Center April 2003

  2. Background and Methodology This study was conducted by the VNU Business Publications Research Center for the ISHP and sponsored by Hospitality Design magazine. The study was designed to gauge the economic conditions in the hospitality industry among ISHP Members. Twenty six (26) members of the ISHP were interviewed in March 2003.

  3. Property Segments

  4. 62%of their hotel business included restaurants. 99%of their hotel business was in North America.

  5. Hotel Projects in the United States

  6. Current Hotel Projects

  7. Renovation Projects

  8. Vendor Origins

  9. 62% of respondents reported that the number of resources (vendors) they are working with has INCREASED 31% said the number is DECREASING 8% said the number is UNCHANGED

  10. Vendor Lead Times

  11. Increases in Lead Times – Specific Categories

  12. Vendor Terms of Sale

  13. Freight Costs

  14. Freight Shipped

  15. Project Schedules

  16. On average, 28% of current projects are utilizing design firms with which the respondents had not previously worked.

  17. On average, one project that started before the economic downturn a year and a half ago was cancelled while two are still on hold.

  18. Current budgets compared to those at the end of 2001

  19. Product Replacement Cycles

  20. Summary • 75% of the work is in mid-scale with F&B and above • Mostly located in the Southwest and Northeast • Mostly owner initiated renovations of branded hotels • Almost all the product coming from the US and Canada • We are experiencing longer product lead times • Larger product deposit requirements • Combined with shorter project schedules at a lower budget of items that wear out faster. www.ishp.org

More Related