Hotel Industry on the Rebound in Latest Report

07/31/2022

The American Hotel and Lodging Association (AHLA) recently released its Midyear State of the Hotel Industry report, which includes updated forecasts on hotel performance as well as the latest regarding trends in hotel investment and traveler sentiment. The report includes exclusive data and analysis from Oxford Economics, STR, Avendra and JLL, and survey research conducted by Morning Consult, according to a news release.

What is Driving Natural Gas Prices Higher?

07/08/2022

Natural gas prices continue to experience volatility in 2022, with summer shaping up to be no exception to that trend. The U.S. Energy Information Administration (EIA) expects the Henry Hub price to average $8.69 per MMBtu in the third quarter of 2022, which is up from an average of $8.13 per MMBtu in May. Natural gas prices are rising in large part due to three factors: natural gas inventories, LNG exports and high demand.

Call for Data: TRSA’s Industry Financial Benchmarking Study

07/08/2022

TRSA is urging operators to complete the 2022 TRSA Industry Performance Report (IPR) survey. Participation in the IPR survey creates industrywide financial data that provides intel on the linen, uniform and facility services market so operators can identify strategies, markets and best practices to facilitate growth and long-term success. TRSA members who participate receive an individualized industry performance report (IPR) for easy comparison with competitors free of charge.

Respondents Note Revenues Trending Up in Latest Baird Survey

06/29/2022

Robert W. Baird & Co. and TRSA recently released the June 2022 (Second-Quarter 2022) Uniform & Linen Rental Survey. The results noted rising revenues among survey respondents in the second quarter as well as a positive growth outlook among both uniform rental and linen rental operations.

Inflation and Recession – Laundry Operator Survival Tips

06/24/2022

Practically every hour of the day, news media outlets and federal policymakers are talking not only about 8%-plus yearly inflation, but also the growing prospects of an economic recession as the Federal Reserve Board raises interest rates in an effort to tamp down rising prices. An upcoming article in Textile Services magazine will offer operators and supplier partners insights on how they can fight back.

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