Sooner or later, the hotel business will go into the cycle. We call it hotel renovation. In the hospitality sector, a hotel renovation project attempts to improve the guest experience, enhance durability, and minimize operating costs. Today, the number of existing hotels reaches a huge amount, especially in urban areas.
The hotel renovation is the process of converting an existing building into a fresh version of the same structure. The hoteliers take activities for updating hotel properties to meet the demand in the competitive market. They improve obsolete, defective, or damaged areas. Unless they want the hotels loosing attraction by the time, they must keep working with hotel renovation in a cycle of 5 to 10 years.
The Hotel renovation is also known as the extension of existing properties. When the hoteliers update facilities and refurbish the old building, they also expand the hotel with further construction added. After renovation, the capacity of the luxury hotel will increase to meet higher accommodation demand. Besides that, some constructions need to be updated following building codes.
According to businesstravelnews.com, over 1,100 hotel renovation projects in America have been active, totaling 200,000 rooms as the number in the first half of 2021.
The investment in hotel renovation projects will depend on the current properties issues and shareholders’ expectations. Every construction carries problems during lodging activities. In the early hotel renovation stage, the hoteliers allocate spending to fix existing construction issues. Then the investment mainly goes to FF&E to bring a fresh appearance to gain a new hotel guest experience. The projects will need attention from many players such as interior designers, general constructors, hotel furniture manufacturers, and hotel operators. However, the spending will exceed more elevated with new construction parts. Those are added to the hotel properties as the extension required.
In estimation, the hotel renovation needs over $15,000 per room at luxury standards. The economy hotel required lower expenditure under $10,000 per room. On the other hand, the renovation will lead to a temporary loss in the hotel revenue with the closure or lockdown of some hotel parts.
It may appear as the most difficult stage in any hotel renovation project. When the construction is existing, the bespoke furniture plays a major role in the new hotel guestroom look. But with the right manufacturer besides interior designers, any problem can be solved effectively. Asian producers, such as Tran Duc Furnishing, a Vietnamese hotel furniture manufacturer can provide an optimum solution. The manufacturer has over 20 years of experience working in the hospitality furniture industry. The firm is well-known for providing high-end guestroom furnishings for luxury hotels. The company’s hallmark is that it provides a one-stop solution with variable custom-made furniture options.
The manufacturer has been participating in diversified hotel renovation projects and passing through numberless challenges, especially in hotel renovation for high standard brands such as Marriott, Fairmont, Hilton, Hyatt, and Sheraton. Tranducfurnishings completed over 300 luxury hotel furniture. After many years of dedication, they have gained customer delight when their capability has exceeded client expectations. International quality, clients trust the manufacturer with high ability and excellent customer services.