Thanks to a strong rebound in travel – notably leisure travel – the hospitality sector is finally emerging from its Covid-induced slumber. Despite significantly higher fares, airplanes are crowded again, hotel occupancy rates are on the rise, and some markets are reporting that rental cars are in short supply.
While that might not necessarily be good news for residential furniture vendors competing for those same discretionary dollars, it’s great news for suppliers of the often-overlooked segment of hospitality furniture.
The lodging industry, which includes everything from hotels to Airbnb’s to condo rentals to beach houses, is gobbling up new furniture at a rapid pace, while other parts of the hospitality sector such as senior living facilities are starting to freshen up their furnishings as well.
“It’s a more impo