Examining 2021 Hospitality Textile Shortages & Manufacturing Challenges
If you don’t know yet, the hospitality textile market in Q1 and Q2 of 2021 has seen its fair share of challenges. There is a good chance the hotel you stay in this Summer will have towels and sheets that look a bit old. The reason is that the property (and industry) will be short on replacements as textile manufacturing challenges continue to grow. In my years as a CEO distributing both hospitality and retail textiles, I’ve never seen so many factors come into play, putting an entire industry into chaos.
Let’s begin with some obvious facts. In 2020 the Covid-19 epidemic rocked the travel industry. The U.S. Travel Association estimates that travel spending in 2020 was down 42%. Those numbers worsen from late March 2020 through the end of the year, totaling $492 billion in losses.