2024 Industrial Packaging Insights
Promising Growth on the Horizon With a market size estimated at $63.3B in 2023, the Industrial Packaging Market is expected to grow at close to 5% and reach $80.9B by 2028. 1 Factors driving the growth of the Industrial Packaging Market include increase demand in the following sectors: 2 Trends Transforming the Market With input […]
2022 Hospitality Insights Part 2
Hospitality Insights – 2nd Half Travel Has Returned U.S. hotel demand is quickly approaching pre-pandemic levels with revenue projected to reach 11% above 2019 levels at $188.4 billion this year.1 U.S. hotel occupancy rose to 68% for the week ending October 8 with an average daily rate (ADR) of $153.79 and revenue per available room […]
2022 Healthcare Insights
Healthcare Insights Inflation Pressure and Labor Constraints Hospitals feel effects of financial and staffing restrictions, which highlights the need for efficiency, cost management, and automation, where possible The Shift of Care There has been a fundamental shift of care from traditional acute care settings to non-acute sites (outpatient, ambulatory surgery centers/ASCs, clinics, and physicians’ offices), […]
2022 Hospitality Insights
Hospitality Insights Hotel Demand is Rising Summer is here and people are taking advantage of traveling. Hotel demand is increasing faster than anticipated and the industry is experiencing a bounce-back to pre-pandemic numbers. U.S. hotel occupancy rose to 70.6% for the week ending June 11 with an average daily rate (ADR) of $155.37 and Revenue […]
2022 Building Service Contractor Insights
Building Service Contractor Insights BSCs are OPEN!! One of the top concerns for building service contractor is labor. Hiring, maintaining, and affording labor has created multiple headaches and challenges for BSCs. Inflation pressure is directly affecting labor wages and expenses on top of the limited job pool. Another item affecting BSCs is industry consolidation which […]
