May 25, 2018 Developments in hospitality markets across the United States continue to move forward at full speed, driving increased demands for resources across the sector. To keep project developments on time and on budget, savvy hospitality builders are turning to innovative solutions such as sustainable designs, energy-efficiencies and unique partnerships with responsive engineering companies to guarantee success.
Whether you’re engaged in renovations or building new construction, these trends could have an impact on your hospitality brand.
Innovation
The hospitality sector has grown significantly over the past four decades. As of 1980, there were only 90 hotel brands in the U.S. and today we see more than 250 operating in the United States, demand has been, and still is, increasing at a steady pace. Based on the CBRE forecast, “The U.S. lodging industry will enjoy continued growth in all major metrics in 2018, albeit at a slower pace [than 2017].”
With this kind of competition, hotels and restaurants are seeking out innovative solutions to attract – and keep – more customers, particularly Millennials, who actively seek eco-friendly brands who can offer unique experiences. From solar and other sustainable designs that add to the customer’s overall experience to becoming LEED certified to build socially responsible brand awareness, hospitality builders must adapt to evolving needs to stay competitive.
Preservation and Renovation
The need to stand out from the competition is driving many hospitality builders to preserve, renovate or risk becoming irrelevant. Creative reuse and transformation of existing structures is one way hospitality builders are preserving the historic vibe and standing out among the rest. Considering many cities offer incentives for redevelopment, in addition to historic tax credits, it makes for a smart business investment.
To accommodate evolving target customer needs and respond to industry trends such as Airbnb, many hospitality brands are getting a makeover. According to Construction Dive, “hotel renovation has a unique end goal — generate enough appeal so potential guests want to take up residence, whether that’s for a day or a week or more. The major hotel chains are refreshing their units with a wide array of features and amenities patrons now expect, like work spaces, upscale retail shops and keyless room entry.”
KMB Hospitality Engineering Services
With expertise in hospitality engineering design services in a wide variety of applications ranging from hotels to restaurants, KMB knows that each facility faces a unique set of challenges. It is our mission to help each of our clients by providing a comprehensive facilities and energy engineering strategy that meets your goals and stays ahead of the trends.
Contact the KMB energy engineering experts to find out how we can help your business create a reliable and resilient solution.