Page 99 - Hotel Cost Estimating Guide 2021
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 FREIGHT AND WAREHOUSE PRICING
Provided by Audit Logistics
VARIABLES
     FUEL PRICES | Fuel prices experienced a decline based on COVID-19 and reduced consumption globally. Once travel begins to increase, prices are anticipated to increase back to pre-COVID-19 prices.
ALTERNATE PORTS OF ENTRY | Utilization of alternative ports for casegoods entering the U.S. can reduce costs significantly. Lead time for transit from Asia increases approximately 2 weeks to travel through Panama Canal. CO2 emissions and fuel consumption are reduced as well as the risk of damage.
WAREHOUSE RATES | Warehouse rates will remain stable, but could see up to a 20% decrease in some markets due to COVID-19 business disruption.
  RECORD DECREASE IN INTERNATIONAL SHIPPING | Asia-Pacific containers held steady during COVID-19 as shipping companies reduced capacity. International air freight costs were at an all-time high as airlines decreased capacity.
   NEHMER and HVS DESIGN | HOTEL COST ESTIMATING GUIDE 2021
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