Distinguished Blog - Market Insights
Market insights and industry news.
From the Runway to the Closet: Insurance for Luxury Handbags, Couture Clothing
The luxury handbag and couture clothing markets have become a booming industry for collectors and investors. The global market for designer handbags was valued at $72 billion in 2022 and is projected to reach $100 billion in 2027, according to Business of Fashion. The global couture clothing market was estimated at more than $11 billion…
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Sanctuary Restaurants Popping Up Nationwide
More than 150 restaurants nationwide have declared themselves “sanctuary restaurants.” But what does this mean? For starters, it’s a way for small or large establishments to declare their commitment to anti-discrimination policies in response to potential immigration changes. It is a way for these businesses to ensure safety for immigrants who may face workplace mistreatment…
All I Want For Christmas Is Some 3-D Food
3-D printers—they’re not just for making cool plastic things anymore. They’re for making dinner! That’s right 3-D food. Consider it the hospitality wave of the future that’s already lapping on some shores. Just take some pureed raw chicken, add in some vitamins, minerals, and veggies, and print out this liquefied form into any shape you…
Trees Are the New Hotel
It’s a tree. It’s a house. It’s a booked-from-your-phone luxury treehouse! There are a few fun factors at play here. Sustainability, luxury, and creativity all work together to create one of the hospitality industry’s coolest offerings: top-of-the-line treehouses.
Bee Hotels. It’s What’s Happening On A Hotel Roof Near You
We’re seeing a whole new kind of rooftop hangout from San Fran to New York to Paris and Taipei. It involves one rockin’ queen, a few hundred thousand of her closest friends, and jars upon jars of honey as a bonus. Bee hotels. It’s what’s happening on a hotel roof near you. The Colony Collapse…
More Fun in the Sun for Hotel Owners
Going solar: You can go big or you can go small. Baby-stepping into solar? Pick up a little solar generator to charge up your cell phone. Cue winking emoji. Looking for a mongo tax incentive? Go ahead and search Google images for “Mandalay Bay solar panels” to take a peek at a hotel industry leader…
Real Estate Market Trickle and Financial Collapse Aftershocks
The housing market remains below the 50-year growth projections and building permits issued slumped in July and August, with the exception of the construction of single-family homes. With the market continuing to have fits of growth, it may be time to reflect on the events of 2008.
Lower Electrical Bill – Coming to a Home Near You?
It’s official – solar power isn’t just a passing fad. Solar panels are popping up on the roofs of residences across the U.S. and generating electricity for more homes as each year passes. As the solar revolution gains momentum, it is becoming more affordable to install a system that, long-term, saves you money. Plus, most…
Student Housing and Sustainability Policies
Universities across the United States are committed to sustainability on and off campus, including for student housing. In fact, many universities have sustainable practices in place for their student housing facilities such as energy efficiencies, use of renewable resources, reduction of energy use, use of recycled and recyclable products, reduction of water use, waste reduction and…
Reaching Out to Millennials at Rutgers
Rewarding? Lucrative? Cool? Yep, a career in insurance can be all of these things and more! Introducing the next generation to the insurance industry is the mission of Distinguished’s Millennial Outreach Committee and an important part of our company’s future success. This summer, we were invited to present for the second time at Rutgers Business…
The Importance of Issuing Timely Binders
Meeting the insurance needs of clients who own commercial properties requiring umbrella liability coverage can at times be challenging particularly when they need a new policy or a location added to an existing policy “right away.” It can be even more demanding if clients request a broker backdate coverage because they neglected to advise the…