DuckerFrontier, with its over 60 years of professional expertise in the construction industry, has made building, construction and related end markets and applications a core focus. The onset of Covid-19 provided no distraction from DuckerFrontier’s focus as the company continued to monitor and analyze the impact on the industry to assist manufacturers and suppliers, distributors, contractors and other industry participants to further understand current forecasts, sales and market trends for strategic business decisions.
Impact to Hospitality and Travel Industry
At the onset of Covid-19, the outlook for both the hospitality and travel end markets were initially negative; however, recent data and consumer/business behavior suggest increased potential for facility retrofits and Tier 2 city construction activity. North America is leading in domestic travel and seat capacity expansion leading to:
“More and more hotels are re-opening, and many others have begun to move-up renovation plans and/or are repositioning their property with a brand conversion.” – Hotel Design Consultant
Industry Indexes Indicate Recovery
The AIA/ABI index is an early indicator of future construction and major remodeling activity; the index provides details on activities, inquiries and trends across the entire industry.
Data through July indicates improving conditions:
DuckerFrontier’s Building and Construction team continues to follow and analyze the key trends and impacting the hospitality and travel industry, both during and post Covid-19 disruptions. Visit our Covid-19 Resource Hub for the latest insights and implications for global business, or contact us to connect with a team member.