�We know that hotel operators are constantly searching for hospitality-related durable goods at best values both in terms of price and quality,� said John Wong, one of the founders of hospitalitygoods.com. �Hospitalitygoods.com will provide incredible savings to the hospitality industry by sourcing directly from worldwide low-cost manufacturers. By having procurement offices located in worldwide low-cost manufacturing centers such as China, Taiwan and Indonesia, we will be able to source directly and eliminate unnecessary intermediaries. 

�The Internet enables us to streamline what has traditionally been a laborious and painful procurement process. Hospitalitygoods.com will focus on creating a New Economy procurement company that provides best value for our customers backed up by superior customer service,� said Wong.

According to Deutsche Bank Alex Brown, hospitality procurement is a $38 billion industry in the United States, and tops $100 billion worldwide.

�Our business model is fundamentally different from the recent hotel-related e-commerce procurement companies that have been launched, in that we will be focusing on actual product fulfillment and value-engineering the process, not on portal or e-hub development. We will be able to provide our customers true value by saving them 30 to 70 percent savings on many hospitality-related durable goods that they are currently purchasing at high volumes, by sourcing directly from manufacturers,� continued Wong.

Hospitalitygoods.com has a procurement office already open in China and will be opening offices soon in Indonesia, Hong Kong and Taiwan. The company�s customer service and order processing facilities will be based in Southern California. Information and a registration form are currently available at www.hospitalitygoods.com and the site is expected to go �live� by September.