Hotels are an indispensable part of today’s travel industry. Even after the impacts of the pandemic, there are more than 700,000 hotels and resorts worldwide [ref] that have a current global market worth $800 billion [ref].
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When thinking about commercial buildings, the terms ‘larger-scale’, ‘more expensive’ and ‘more stakeholders’ may come to mind. These qualities are exactly why the impact of water leaks can be so devastating and is reflected in the average loss for commercial buildings at $1.4 million, compared to domestic homes at just under $4,000 [ref].