Virtual Roundtables Engage Members in Sharing Experience

10/14/2022

Smaller group interaction moderated by TRSA leaders and a focus on impacts of inflation on the industry marked the Oct. 12-13 TRSA market-specific virtual roundtables on Zoom, keeping a steady flow of conversation for each hour-long discussion as members shared their experience with issues related to labor, supply chain, customer communications and more.

Registration Close Imminent for Oct. 12-13 Virtual Roundtables

10/07/2022

Take an hour to meet with the best contacts to get ideas for performance improvement by participating in a TRSA Virtual Roundtable on Wednesday, Oct. 12 or Thursday, Oct. 13. These customer-industry market-specific events will emphasize information-sharing by industry executives and managers in small-group discussions of today’s most pressing operational challenges.

Operators Optimistic Despite Inflationary Pressures

09/23/2022

Robert W. Baird & Co. and TRSA recently released the results of the September 2022 (Third-Quarter 2022) Uniform & Linen Rental Survey. Both uniform and linen rental executives were optimistic about their growth prospects for the next 12 months, despite continuing inflationary pressures on their business.

Textile Market: Vendors Wary of Pakistani Flood Impact

09/09/2022

A recent flood disaster in Pakistan that has impacted 33 million people and claimed the lives of 1,300-plus victims, also threatens the future availability of cotton-based or blended textile goods made in that country, which is the world’s fifth-largest producer of cotton at 980,000 tons annually.

JENSEN-GROUP ’22 First-Half Earnings Up Nearly 40%

08/19/2022

The JENSEN-GROUP, Burgdorf, Switzerland, the parent company of JENSEN USA Inc., recently reported revenue for the first half of 2022 of 171.2 million euros ($172 million) – an increase of 37.8% vs. the same period last year, according to a news release. JENSEN officials attribute the earnings spike to a backlog of orders from the end of 2021 and strong orders from early this year.

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.

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