Biggest single shift in procurement: Strategic stability. There’s been no major shift (in the procurement sector), but tariff refunds are a hot topic.

More or less optimistic than in January: More optimistic as hotels have to renovate or sell. 

One thing everyone “assumed” would happen that didn’t: Transactions would accelerate at a faster pace.

Overlooked risk in 2026: We are in an industry that is under-demolished not over-developed.

Year-end goal: The top priority is always the same: provide the best level of service to maximize each client’s FF&E investment.