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Economic Indicator Study of Hospitality Purchasers

Economic Indicator Study of Hospitality Purchasers. Prepared for: The International Society of Hospitality Purchasers www.ishp.org May 15, 2009. 5. PROPERTY SEGMENTS. % Values. 6. HOTEL PROJECTS IN THE USA/INTERNATIONAL. % Values. 7. CURRENT HOTEL PROJECTS. % Values. 8.

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Economic Indicator Study of Hospitality Purchasers

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  1. Economic Indicator Study of Hospitality Purchasers Prepared for: The International Society of Hospitality Purchasers www.ishp.org May 15, 2009 5

  2. PROPERTY SEGMENTS % Values 6

  3. HOTEL PROJECTS IN THE USA/INTERNATIONAL % Values 7

  4. CURRENT HOTEL PROJECTS % Values 8

  5. FREIGHT COSTS & DESTINATIONS % Values 9

  6. PRODUCTORIGINS % Values 10

  7. GREEN PROJECTS % Values 11

  8. OVERALL VENDOR LEAD TIMES % Values 12

  9. INCREASE IN LEAD TIMES – CATEGORY SPECIFIC % Values 13

  10. VENDOR DEPOSITS % Values 14

  11. PROJECT SCHEDULES % Values 15

  12. CURRENT BUDGETS YEAR-TO-YEAR % Values 16

  13. PRODUCT REPLACEMENT CYCLES % Values 17

  14. BUSINESS GROWTH – CHANGE IN NUMBER OF PROJECTS Past 12 Months Next 12 Months % Values Same Down Same Down Up Up Down Up Same Down Same Up 18

  15. SUMMARY • Over 43% of the work is in the now mid-scale segments, with a sharp drop in upper upscale. • Mostly located in the Northeast and Southeast. • A growing ‘Green’ involvement in the project. • Sharply declining product lead time costs & budgets. • A growing trend toward Asian sourcing makes up almost 2/3 of all volume. • And 3/4 of the ISHP members think business will be down in 2010. www.ishp.org 19

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