Stump Releases Analysis of HD Expo
Charlotte, NC, May 8, 2018-Stump, a Charlotte-based firm that specializes in mergers and acquisitions, released its analysis of the HD Expo that took place in Las Vegas May 2 to 4.
“HD Vegas was upbeat and busy,” reported the firm. “We spoke with over 60 CEOs during our 48 hours in Vegas. The majority were optimistic, with most CEOs bullish about performance for at least the next 18-24 months, given the strength of their backlog and visibility into the new projects. We were again reminded that the ability to accurately forecast is a positive feature of the Hospitality Sector given the lead time necessary for installations and new construction. The hospitality industry also continues to outpace the growth of other furniture sectors, making it an attractive industry sub-segment.
“Despite the overall positive tone of the market and industry report, there were grumbles among the exhibitors about Mandalay Bay as the convention location. The CEOs we spoke with noted high prices, cumbersome logistics, surly staff, and poor layout. Many noted their preference for BDNY. There was also a bit of what one industry veteran termed “Market Fatigue,” with this show falling just one week after BD West, two weeks after the Milan show, and three weeks after the High Point Furniture Market.”
Related Topics:HD Expo