Hotels renovate for a variety of reasons, including:
Improving the guest experience
- Renovations can enhance the guest experience by upgrading amenities, integrating new features, and addressing noise levels.
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Increasing revenue
- Renovations can help hotels maintain their competitive edge and keep profits high.
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Providing authentic local experiences
- Renovations can help hotels provide a sense of place by integrating local materials, artwork, and design elements.
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Addressing wear and tear
- Renovations can help prevent extensive property damage and future expenses.
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Retaining a property's natural charm
- Renovations can help retain a property's natural charm, history, or architecture.
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Sources:
https://www.cvent.com/en/blog/hospitality/hotel-renovation-ideas
https://www.jrmcm.com/jrm-news/hotel-renovation-vs-hotel-construction/
https://glrinc.net/hospitality/enhancing-hospitality-key-trends-for-hotel-renovation-and-remodeling-in-2024/