{"id":190223,"date":"2021-11-17T15:56:08","date_gmt":"2021-11-17T20:56:08","guid":{"rendered":"https:\/\/interiordesign.net\/?post_type=id_research&p=190223"},"modified":"2022-11-29T12:34:16","modified_gmt":"2022-11-29T17:34:16","slug":"hospitality-giants-2021","status":"publish","type":"id_research","link":"https:\/\/interiordesign.net\/research\/hospitality-giants-2021\/","title":{"rendered":"Interior Design Unveils the 2021 Hospitality Giants"},"content":{"rendered":"\n
\n
\n

Words: <\/span>Mike Zimmerman<\/a><\/p>\n<\/div>\n\n\n\n

\n

Hospitality Giants 2021 <\/h1>\n\n\n\n

If we have one mission in our yearly report on the Interior Design<\/em> Hospitality Giants\u2014the top 75 firms specializing in the sector\u2014it\u2019s to get the bad news out of the way first. So let\u2019s talk about what you already suspect. In the previous 12 months, the Hospitality Giants tallied $576 million in total fees, down from $1.16 billion the previous year. The number for next year is similar, with the 2022 forecast coming in at $572 million. This moderate drop mirrors the forecast from the Top 100 Giants earlier this year. What parts of the overall business took the biggest hits? Well, pretty much everything. The actual allocation of work across sectors didn\u2019t fluctuate\u2014but they all went down. Hotels remain the linchpin of the group\u2019s business, bringing in 57 percent of all fees. Luxury hotels make up half of the hotel business ($174 million), with boutique, mid\/economy, and micro hotels bringing in the rest. The other sectors are small yet significant by comparison. Resorts make up 10 percent of total fees ($56 million), while multiuse, restaurants, bars\/lounges, gaming, condos, cruise ships, spas, and country clubs all bring in single-digit slices of income that adds up to roughly $190 million. Every dollar counts in a year like this.<\/p>\n\n\n\n

<\/div>\n\n\n\n
<\/div>\n<\/div>\n\n\n\n
<\/div>\n<\/div>\n\n\n\n
\n
\"external