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BDNY 2024 Recap: Trends, Optimism, and Industry Insights
Industry Pulse
2024 has been solid for many exhibitors following a record-breaking 2023, though recent new order slowdowns are attributed to U.S. election uncertainties and interest rate questions. With the election over, optimism for 2025 is high.
Quote of the Market: “Energy, traffic, and quoting are excellent, but purchase orders remain a bit elusive.”
Key Talking Points
1. Tariffs: CEOs discussed potential tariffs on imports, planning with overseas vendors to adjust pricing. Domestic companies face challenges expanding U.S. capacity due to labor and regulatory constraints.
2. Luxury Demand: The high-end hospitality sector is booming, with large and boutique projects flourishing. Rising demand for $1,000-a-night hotel rooms underscores the need for luxury-focused suppliers.
3. “Resi-mercial” Trends: Residential and commercial design are blending, with major residential players eyeing the hospitality sector, especially through interior designer channels.
4. M&A Outlook: Despite a soft market over the past two years, there’s optimism for 2025 with potential lower interest rates and renewed business confidence. Stump is actively marketing companies in both hospitality and office sectors and anticipates a busy start to the new year.












