With hotel supply prices expected to fall further in the coming months, hotel laundry supplies may become even more important as demand for home laundry grows.
A recent survey from the Australian Institute of Purchasing Power found that for every $100 of hotel laundry sales, a hotel was expected to receive $6 in profits, a savings of $8.50 per month.
The hotel laundry industry has seen strong growth in recent years, with many hotels now running their own laundry service, or offering free laundry to guests.
However, a survey by the Hotel Industry Association found that the industry’s profits had fallen by 10 per cent in the last year.
In some cases, this could be a good thing, with the laundry supply sector helping to provide a cushion against a tough economy.
In the short term, there are still some costs to consider, with hotel laundry services still expected to lose money in the long term due to inflation.
“We’ve had a good year, but in the short-term it is a very difficult time for the hotel laundry business, because people are not making money,” says Chris Tabor, owner of hotel supplies website Hotel Supplies.
“They’re making a lot more than they were making before.”
In fact, hotel supply services are set to lose more than $2 billion in revenue this financial year.
That means hotels could lose about $1,500 a day from laundry sales in the next 12 months.
“You’re not going to get a lot of hotel owners to put that much money into laundry,” Tabor says.
“They just don’t have the cash.”
But we are expecting that to be down to 10 per-cent this year.
“So what’s your laundry budget?
The hotel supply sector is expected to see a dramatic decline in profits in the longer term.
In a survey of hotels, the Australian Association of Hotel & Resort Management (AASHRM) found that hotel laundry accounts for about 20 per cent of hotel operating costs.
But there is also a lot going on in hotel supply businesses, with an estimated $1 billion worth of clothing and other merchandise sold each year.
This includes everything from housewares to towels and even kitchenware.”
The biggest challenge for the laundry business is people not buying it,” Tamp says.”[They’re] buying clothes in the supermarkets because they know that the supermarket will not buy their laundry, so they buy in bulk.
“In the meantime, the industry is working to find ways to keep prices down.”
Laundry supply has a very low price tag, so we have to keep up with that,” Tagar says.
The hotel washroom is still a very important part of the hotel experience, says Tabor.”
When you’re in the hotel you don’t see the laundry, you don.
You’re not there to look after your laundry, which is something that’s a really important part.
“In a world where many people rely on the internet to help them keep track of laundry, Tabor thinks that’s exactly why hotels are working on a laundry solution.”
In the future, we’re going in the direction of using digital technology, which can be used in a laundry shop to help people do that process.””
They’re going to start seeing what they need to do and they’re going through that process.”
In the future, we’re going in the direction of using digital technology, which can be used in a laundry shop to help people do that process.