HOSPITALITY SECTOR EXCEEDING HISTORIC LEVELS
D.C. Becker of Interstate Hotels & Resorts, Jonathan Jaeger of LW Hospitality, Nancy Ruddy of CetraRuddy, Sharon Cadman of Shawmut Design and Construction, Howard White of Maxons Restorations, and Lenore Janis of PWC.
NEW YORK, NY—Sharon Cadman, director of finance for Shawmut Design and Construction recently moderated the Professional Women in Construction (PWC) Hospitality Forum, “Hotels, Resorts and More” at the General Society of Mechanics & Tradesmen. Leaders from the hotel industry attended the forum and confirmed that the hospitality industry has not only revived nationwide, but is exceeding historic levels with total revenues of $123 billion, and is now focusing on spectacular common spaces.
“Hotel construction is booming,” said moderator Sharon Cadman. Cadman outlined recent emphasis on common spaces and amenities to “attract and entice the clientele,” Cadman explained. “Millennials and boomers are becoming the consumers to play to. They want the experience. Rooms are smaller and furniture is edgier.”
During her address, Cadman cited Shawmut’s work at the Waldorf Astoria, The New York Palace, The Muse and other major hotels. Cadman spoke to sustainability trends and the rise in lean construction practices that have become the new industry standard for increased efficiency and reduced cost.