After a rough first quarter, the US economy is showing positive signs so far in Q2. The hotel industry also showed a rebound in April and May after a sluggish start to the year.
According to Hotel News Now, the hotel industry saw growth in both occupancy and rate, and this contributed to making April the strongest month of the year so far for revenue-per- available-room growth. Consumer spending also reached its highest level since August 2009. With continued strong numbers into the end of May, many industry experts are projecting a prosperous summer for the hotel industry.
If your hotel is thinking about purchasing equipment, now is the time to buy and consider financing. Hotel owners are taking advantage of the strong industry numbers and conserving their capital through financing in order to maximize the amount of equipment they can acquire. This coupled with relatively low interest rates, makes it the ideal time to buy. As evidenced by the December interest rate increase, we are now officially in an economic environment with rising interest rates. The longer you wait to buy, the more expensive financing becomes. It is important to lock in your rate before they increase again.
If your hotel is looking to upgrade or acquire new equipment, visit us at www.teqlease.com or click here to set up a time to talk and get a no obligation lease financing consultation.
TEQlease Capital is a nationwide provider of equipment lease financing solutions across all industries. In the hospitality industry, TEQlease Capital provides lease solutions for golf equipment, fitness equipment, restaurant equipment, telephony, media equipment, television solutions, IT infrastructure, wireless solutions and more.