How to Maximize the Value of Your Upcoming Hospitality Construction Project

Adkins Construction
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

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

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,...

Quality Architecture: The Secret to Keeping Construction Costs Down

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...

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...

Discover the Best Waterfront Construction Services in Manatee County

Discover the Best Waterfront Construction Services in Manatee County Living in sunny Manatee County just got even better! With the growing popularity of waterfront buildings, you can now live on the water in a home you design yourself. Adkins Building &...

Why should my General Contractor be involved in my design process?

When building a new home or undertaking a major renovation, it's important to involve a general contractor in the design process. A general contractor brings a wealth of knowledge and expertise that can help ensure a successful project outcome. The role of a general...

5 reasons to hire a general contractor for your construction project

In any construction project, hiring a general contractor is of paramount importance. A general contractor is a professional who provides essential project management services to ensure timely completion, within budget and according to specifications. There are...

Construction Challenges in Coastal Florida

Construction in coastal Florida presents challenges that are unique to this region. The state's coastal areas have a very flat topography, and when combined with its high water table and porous geology, it can make building difficult. Despite the challenges, coastal...

Attached or Detached? Choosing the Right Home Expansion Method for Your Manatee County Residence

When considering expanding usable square footage under air for a residential property located in Manatee county there are many considerations which must be addressed. Perhaps the most significant of these considerations is whether to attach the additional square...