How to Maximize the Value of Your Upcoming Hospitality Construction Project

Author: James Adkins
Hospitality Construction

How to Maximize the Value of Your Upcoming Hospitality Construction Project

James Adkins
The hospitality industry was among the worst affected industries by the pandemic. Hence, now more than ever, it is imperative to ensure that your upcoming hospitality construction projects help you maximize not only your revenue but also your brand’s value, as the industry and your business slowly recover. 

The hospitality industry, as we know, heavily relies on client satisfaction. Therefore, a road map that aims to maximize the value of your upcoming hospitality construction project should be designed by keeping your potential clients in mind. The goal of your project should be to strengthen, escalate, and reinforce profits, but in a way that does not compromise your brand or its offerings. 

As a stakeholder in hospitality projects, there are certain key concepts you can keep in mind to ensure that your desired construction is able to produce significant profits. It is always about offering an experience to your guest rather than just a place to stay. Therefore, your hospitality project must add certain features that can enhance the experience of your customers. Some of them are: 

Integrating Technology

A luxury experience can be made even more luxurious through accessibility. And what better tool to enable accessibility than technology? However, this does not refer merely to including outlets for charging devices. Truly integrating tech into your project means adding features like contactless or touchless technologies, online check-ins, keyless entry, QR codes, digital menus, digital communication and engagement tools, and other innovative technologies. If you’re truly looking to level up, consider adding features like virtual reality or augmented reality, which leaves your guests wanting to try more of your offerings. As per a survey, new tech integration can boost revenue by 135% and reduce online complaints by 71%. 

Think Beyond Business Meetings and Weddings

While a major chunk of the revenue is driven by corporates hosting business meets, off-shore events, or people looking for wedding or party venues, tapping into newer audiences is never a failed bet. Offer up your location to events that can generate buzz and bring higher footfall to your project. These can include anything from political meets to book events. This is also a great way to capitalize on “word-of-mouth” marketing that can help you drive revenue by up to 6%. 

Go Sustainable

Research suggests that around 82% of travelers are keener on traveling sustainably, which also includes considering staying at places that truly are sustainable. Consider building around eco-friendly properties, boosting your energy efficiency, and investing in sustainability certifications. This can help you cut down on not just your investment, but also reduce your carbon footprint.

The immense competition in the hospitality industry, as well as the consistently changing trends and developments, can be tricky to navigate as you strive to maximize your project value. This is why customized construction plans are key to ensuring you are able to achieve your goals. If you’re looking to make this jump up, do reach out to us at Adkins Building and Construction for a free design consultation! We specialize in customized building solutions that are affordable yet remarkable.



More Articles To Explore

Selecting the Ideal Location to Build Your Commercial Space

When choosing the perfect spot for your commercial space in Manatee County, many factors beyond simple geography should be weighed. It’s not just about picking a busy street; local demographics, zoning laws, and future growth forecasts come into play. You’re looking...

Understanding the Regulations of the Coastal Construction Control Line in Florida

As potential customers interested in custom homebuilding in Manatee County, Florida, it is essential to be well-informed about the regulations governing coastal construction, particularly the Coastal Construction Control Line (CCCL). This report aims to provide a...

How to Design/Build Your Commercial Space in Manatee County

To design/build your commercial space in Manatee County, it's essential to understand several things, including local zoning laws that affect land use, building height, and more. You must also choose a location considering your target market, accessibility, and growth...

Uncovering the Foundations: Industrial vs. Commercial Construction

In the expansive world of construction, two key players take center stage: industrial and commercial construction. While these terms might seem interchangeable, they represent distinct realms of building expertise. In this blog post, we'll delve into the nuances of...

Existing Home Renovation vs. New Construction: Making the Right Choice

New construction homes offer numerous advantages. Beyond being able to select everything from 18x18" ceramic tile and neutral walls to creating the space that fits their lifestyle perfectly, new home construction allows buyers to design an area tailored specifically...

Adkins Building & Construction: Custom Residential and Commercial Architecture at Its Finest

Architecture is more important than ever before. The right architectural design enhances the experience you have at home, fosters productivity, showcases individuality, and can make your brand be presented like a mainstream player or a standout leader in your...

Quality Architecture: The Secret to Keeping Construction Costs Down

If you're getting ready to take on a construction project you know that keeping costs down is critical. Whether you're remodeling your kitchen, building a new addition, renovating your office or constructing a custom home, staying on budget is key. But did you know...

How to Build and Permit a New Restaurant

Building and permitting a new restaurant in Florida can be a complex process. However, with proper planning and attention to detail, the process can be successfully navigated. Here are the steps we follow to build and permit a new restaurant in Florida. 1. Choose a...

How Will AI Affect the Construction Industry?

The construction industry has always been at the forefront of innovation, with new technologies and techniques being constantly developed to improve efficiency, safety, and sustainability. In recent years, one technology that is rapidly gaining traction and is set to...

Creating Your Perfect Custom Home Space in Manatee County

Creating Your Perfect Custom Home Space in Manatee County Are you ready to build the house of your dreams in Manatee County? Then you know how important it is to find a custom home builder who will understand what you want and make it happen. Choosing the right...

James Adkins

22 years in commercial, industrial, and residential construction roles solving a broad array of building, construction and real time application challenges.

Related Post