{"id":13084,"date":"2023-03-08T09:55:09","date_gmt":"2023-03-08T15:55:09","guid":{"rendered":"https:\/\/www.imegcorp.com\/?p=13084"},"modified":"2023-04-13T11:39:58","modified_gmt":"2023-04-13T16:39:58","slug":"hospitality-update-growth-in-demand-wellness-and-sustainability","status":"publish","type":"post","link":"https:\/\/imegcorp.com\/insights\/blog\/hospitality-update-growth-in-demand-wellness-and-sustainability\/","title":{"rendered":"Hospitality update: Growth in demand, wellness, and sustainability (Podcast included)"},"content":{"rendered":"
The state of the hospitality industry\u2014and the trends to watch\u2014are discussed with IMEG Director of Hospitality Bob Winter in the first in a series of episodes featuring the firm\u2019s market leaders.\u00a0<\/span>\u00a0<\/span><\/p>\n \u201cLast year, 2022, was a tremendous year in the market for design and construction,\u201d Bob says, citing the recovery of occupancy rates as the industry emerged from the pandemic. \u201cI have seen a little bit of a headwind this year with some of our projects due to the cost of construction and the cost of money.\u201d However, he adds, there are still a lot of \u201cpent-up opportunities that are coming online,\u201d along with growing demand for more hotels in urban and resort environments.\u00a0<\/span>\u00a0<\/span><\/p>\n Bob also sees a growing focus on sustainability and energy efficiency, as well as continued growth in properties with a focus on wellness. \u201cMany of the major brands have wellness hotels that are really retreats and are located in places like Sedona or Palm Springs or in wilderness settings, but they’re also in top urban markets, too. These are places where people can go to experience various mind and body rejuvenation or even a much more focused healing and recovery experience, with medical staff and licensed therapists.\u201d\u00a0<\/span>\u00a0<\/span><\/p>\n