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 innovative technologies to improve customer experience. In recent years, several forward-thinking business houses in this sector have started leveraging new-age construction technologies to create a competitive edge. Prefabricated, modular construction solutions are already being installed in many new projects across the country. Here are a few examples of how exactly these businesses are reaping the advantages of prefabricated construction:
Speed to Market
Regardless of the size and type of business venture, a quick ROI is considered 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.
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 reaping profits at the earliest. Unfortunately, with traditional construction methods, hoteliers must wait to realize the same. There usually is a long gestation period between the initiation and the completion of the construction of a hotel. This is where prefabricated construction solutions are a go-to solution for the tourism sector. With modules manufactured off-site and transported to the place of construction, the prefab technology reduces building time, subsequently enabling owners to earn profits from an early stage.
In remote tourist location, traditional construction is not only full of hassles but also expensive. This is particularly true at high-altitude locations. With prefab construction, pre-manufactured components suited to meet specific design requirements, can be brought to the hotel site and assembled. This helps to reduce construction costs significantly by minimizing the expenses on labour, energy, and logistics.
In hilly areas, construction work also 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 executed often within a matter of months.
Quick Upgradation 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 and execute extensions quickly to meet the changing demands of the customers. This is necessary for the modern hotelier who want to portray themselves as trendy and customer-centric.
Sustainability has become a make-or-break factor in the tourism and hospitality space. Savvy travel-enthusiasts often tend to analyse 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 a minimum.
Nest-In’s premium prefabricated housing and rooftop extension solution, Nestudio, is an ideal solution for the tourism industry. Using premium quality steel from Tata Steel as its core, Nestudio helps replace wood as a raw material in hilly areas, helping prevent deforestation in these regions.
Hotel chains having a nationwide presence will particularly benefit from prefabricated construction 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 and also create a better image in the minds of customers.
With the global economic trends taking a decisive turn from the consumer-centric economy to an experience-based economy, the hospitality and tourism industry holds tremendous promise. Fewer hassles, construction abilities across terrains and reduced construction time – promise the best to stakeholders in the hospitality industry. And prefabricated, modular construction solutions have them covered for all these requirements. Moreover, prefabricated buildings last for generations and minimize recurring maintenance costs.