Government shutdown shuttering tourism profits

From the Grand Canyon to Washington DC, the felt the impacts of the government shutdown, which went into effect on October 1 and lasted through Wednesday. The crux of the problem resides in the closing of hundreds of national and historic monuments, which had damaging effects on tourism and hospitality.

This was particularly problematic in Washington DC, where national landmarks are major tourist attractions. One tour company alone reported losing nearly $195,000 in motor coach tour cancellations, which resulted in an estimated $85,000 loss for area hotels.

While the effects of the shutdown have worried some, many of us remain optimistic that the economic damage will be limited and short-lived. As a provider of furniture asset management services within the sector for decades, The Refinishing Touch has seen hotels survive through worse economic conditions. Times like these require businesses to act on their feet, plan ahead and get creative when it comes to reducing their budgets – they understand that services such as refinishing, re-upholstery and re-manufacturing provide high quality alternatives to buying new, and extends the life of assets while meeting sustainable goals.

The eleventh hour deal came in time, but the crew at The Refinishing Touch is hopeful that another shutdown isn’t on the horizon.

Want to learn more about The Refinishing Touch’s sustainable asset management services? Request a quote today for refinishing, re-upholstery or re-manufacturing for your hotel or business.