“The good times are going to last for several more years,” said Hotel Interactive journalist Glenn Haussman.
Following his time at the 19th annual Lodging Conference last week, Haussmann reflected on the somber attitudes in 2009 and happily compared to the upbeat crowd he so enjoyed in 2013.
While many feel as though the hospitality industry isn’t in the clear just yet, statistics show that stability is on the horizon. With hotel stocks up 12%, high-demand and increased room rates driving profits, and record-breaking bookings – 108.5 million rooms were occupied in the month of July – it’s no wonder hoteliers filling the Arizona Biltmore Resort & Spa were so optimistic.
With increased revenue, profits and guest retention – renovation is on the rise. As budgets increase, hotel management is looking towards long-ignored Property Improvement Plans (PIPs) to ensure customer satisfaction and efficiency.
As a long-standing provider of furniture asset management services within the sector, The Refinishing Touch has seen the effects of the economic turnaround firsthand. In response to recent years, hoteliers are more budget conscious than ever – they understand that services such as refinishing, re-upholstery and remanufacturing provide the perfect on-site solution to improving appearance, extending the life of assets, and meeting sustainable goals.
Do you have furniture in need of a revamp? Get in touch with us at firstname.lastname@example.org or request a free quote on our website.