Menu

Post image 1
Post image 2
1 / 2
0

VIEWPOINT: Don't Write Off Hospitality: The Hotel Market Is Sending Contractors a Clear Signal

www.enr.com·www.enr.com·about 1 month ago
#0S0bN7XX
Reading 0:00
15s threshold

The following Viewpoint is written by Craig Plescia, chief executive of Plescia Construction & Development Every few years, someone in this industry declares that the hotel construction market is finally cooling off. And every few years, the bid invitations keep coming. I've been a commercial general contractor for the better part of two decades, working hospitality projects across the Northeast, Southeast, and Sun Belt. Over the past five years, a stretch that included a global pandemic, two years of historic inflation, and a sustained high interest rate environment, I've kept a close eye on our bid flow as a leading indicator of what's actually happening in the market, not what the headlines say is happening. What the numbers tell me is this: the hotel and hospitality sector is not just surviving. In most markets, it is thriving, and contractors who dismiss it are leaving money on the table. The Bid Log Doesn't Lie Estimating pipelines are among the most honest market indicators a contractor has.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More