In today’s fiercely competitive business landscape, organizations never miss out on new innovations to stay ahead of the competition. The hospitality and tourism sectors are no exception. Since the early 2000s, the companies in the tourism sector have turned to various digital technologies to improve customer experience. In recent years, several forward-thinking business houses in this sector have started taking advantage of new-age construction technologies to create a competitive edge. Prefabricated, modular construction solutions are already being installed in many new developments across the country. Here are a few examples of how exactly these businesses are reaping the advantages of prefab construction:
Speed to Market
Regardless of the size and type of business venture, a quick ROI can be a concrete determinant of success. The tourism sector is no exception. It is the high return on investment that lures developers into putting their money in this space. However, in most of the cases, expectations do not match the reality.
We explain why.
The tourism and hospitality industries are closely tied to the construction sector and it takes a long time to complete the construction of a hotel or resort. When someone invests money in a business, his/ her primary goal is to start making profits as quickly as possible. Unfortunately, with traditional construction methods, hoteliers have to wait to realize this goal. There usually is a long gap (read years) between the initiation and the completion of the construction of a hotel. Even the extension of a portion of a property takes months to get tourist-ready. This is where prefabricated construction solutions enter the scene. With modules manufactured off-site and transported to the place of construction, the prefab method reduces building time, subsequently enabling owners to earn profits from an early stage.
Hassle-free construction management
In remote tourist places, construction with traditional methods is not only full of hassles but also expensive. This is particularly true of the high altitude tourist spots. With the modular construction method, standardized, pre-manufactured modules can be brought to the hotel site and assembled. This process helps reduce construction costs significantly by minimizing the expenses on labour, energy, and logistics. Then, in hilly areas, construction work practically comes to a standstill when the weather is not favourable. What is worse is, such unfavourable conditions may persist for months at a stretch. This disruption shoots up the project costs by leaps and bounds. As compared to conventional construction which often takes two to three years, prefabricated units can be put up often within months. And as a result, hotel owners can start the booking process much earlier than expected.
Quick Upgrading and Customization
Just like any other sector, to remain competitive, hotels need to revamp themselves according to the demands and market trends. Modular, prefab buildings allow hotel owners to redesign their properties quickly to meet the changing demands of the customers. This is necessary for the modern hotelier who wants to portray himself as trendy and customer-centric.
Lesser Impact on the Environment
Sustainability has become a make-or-break factor in the tourism and hospitality space. The question “How sustainable is the construction?” is as important as “how 'green' is the property in its operations?”. Savvy travel-enthusiasts often tend to judge the quality of a property by the sustainability of the development. As a result, responsible construction is no longer a choice; it has become imperative for tourism investors. Moreover, they have come to realize the many benefits of going green while building hotels. As a result, they are keen on exploring new environment-friendly alternatives to traditional construction choices such as prefabricated building solutions that require far less energy use, minimize construction waste, and keep groundwater consumption at the minimum.
In this context, it will be worthwhile to mention the name of Nest-In, a rising star in the prefab space. They offer prefabricated housing modules under the brand name of Nestudio , which uses premium quality steel from Tata Steel as its core, structural component. By replacing wood in hilly area constructions, these providers are indirectly contributing to the prevention of deforestation in these regions.
Hotel chains having a nationwide presence will particularly benefit from the prefab construction method as it ensures standardization of quality across assets spread over different geographical locations. These pre-manufactured modules also help hoteliers maintain a consistency in the design and look-and-feel across their franchises, all of which, in turn, helps save a lot of money.
With the global economic trends taking a decisive turn from the consumer-centric economy to experience economy, the hospitality and tourism industry holds tremendous promise. Less cost, fewer hassles and reduced construction time – these are what the stakeholders in the hospitality industry demand today. And prefabricated, modular construction solutions have them covered for all these demands. Moreover, prefab buildings last for generations and minimize recurring maintenance costs.