The purpose of this paper is to present an empirically-based insight into the practice and perception of architects, interior designers and building contractors who make up the external parties involved in the hotel renovation process. In the paper a survey is used to elicit and represent existing practices as well as external parties' perceptions regarding renovation as a product development tool in the hotel industry. The paper reports findings of a survey conducted with external parties' firms in Egypt on the challenges of renovation in the hotel industry. The paper shows that, from the interpretation of the data reflecting responses of the external parties' companies in Egypt, the analysis shows that “lack of money” and “limits by owner...