{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"86K New Rooms vs 350K Renovations: What Hotel Suppliers Need to Know","description":"Renovations and conversions are about to outpace new builds by a lot \u2014 and that changes who suppliers should sell to.  Glenn Haussman talks with Bruce Ford, SVP at Lodging Econometrics, in Las Vegas while Choice Hotels International\u2019s convention and HD Expo run in the same building. \ud83d\udd01 Transactions drive conversions: trading hotels unlocks renovation + repositioning decisions \ud83c\udfd7\ufe0f Bruce puts numbers on it: about 86,000 new rooms vs about 350,000 renovated rooms this year \ud83c\udfe6 Expensive debt keeps new builds tough, while cash-flowing hotels still finance better \ud83e\uddfe PIPs push decisions: renovate, sell, or exit \ud83d\udce6 Supplier reality: shipping costs jump 50\u201360%, and that hits hotel P&amp;amp;Ls fast \ud83e\udd1d Supplier advice: sell accounts and partnerships with active ownership\/management groups, not one-off quotes Thanks to Actabl for supporting this episode. Actabl gives you the power to profit. Visit Actabl.com.  Want the weekly roundup of news, videos, and what you might\u2019ve missed from #NoVacancyNews? Text HOTEL to 66866. ","author_name":"No Vacancy Live and No Vacancy News","author_url":"http:\/\/novacancy.libsyn.com\/podcast","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/41211640\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/item\/41211640"}