Published July 12, 2022 in Hotel Business.
The summer travel season is well underway, with stronger demand than previously predicted. Recent data from a CBRE report shows, “…RevPAR to reach 2019 nominal levels by Q3 2022 under CBRE’s base case scenario, rather than in Q3 2023, as previously forecasted.”
With your reputation on the line, Avendra is ready to help you greet increased stays and exceed guests’ expectations in every way. When it comes to your guestrooms, we have consistently found supplies to meet demand—despite the supply chain challenges—and have developed creative solutions for the future.
One area we are especially excited about right now is textiles. In a recent webinar, Avendra’s sourcing expert, Jeffrey Simmons, shared that all textile areas (washcloths, terry, sheeting, fill products and top of bed) should be close to full recovery soon. He suggests building inventory in anticipation of the busy summer and fall seasons by raising your PAR levels, placing orders early and working with your distribution representatives to help plan those orders and delivery schedules.
Cotton and labor are significant cost drivers in the textile market, which have climbed significantly in recent months (cotton has almost doubled from its historic price). Despite the increases, Avendra has helped our clients keep cost increases below market levels. Our broad and deep network of trusted suppliers has allowed our clients to maintain a competitive advantage by mitigating some of the inflation in the hospitality industry.
Chip McIntyre, SVP of strategic sourcing and procurement at the Avendra Group, reiterated Avendra’s core mission: “We remain passionate about keeping price increases low, but our priority is always product supply assurance.”CLICK HERE TO READ FULL ARTICLE