Page 7 - 2020 JN+A & HVS Hotel Cost Estimating Guide
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INTRODUCTION
by Warren G. Feldman, AIA, ISHC CEO of JN+A | Principal of HVS Design
4. The material choices going forward may be more focused on durability with cleaning supplies.
Are there any other impacts to the Covid crisis?
1. Group travel may take years to perhaps return to what it was prior to the crisis. This will impact occupancy numbers, convention center driven markets, and the travel industry in general.
2. The “tele-working” acceptance will likely become even more commonplace than it was prior to the pandemic. This will change the way a number of industries operate. Office footprints will likely be smaller. The computer meeting tools and apps will evolve at a super-fast pace. Demand for high speed internet bandwidth will be even higher than before.
3. As with all downturns in the hospitality sector, we expect to see some owners with cash taking advantage of the slow times (buying at good prices, renovating while occupancies are low, and leveraging their negotiating power).
We hope all of you are surviving during this difficult time in the industry.
JN+A and HVS DESIGN | HOTEL COST ESTIMATING GUIDE 2020
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