You’re dreaming big for your new hotel.
With leisure and business travel bouncing back and eateries finally enjoying a post-pandemic rebound, the hospitality industry is seeing a spike in revenues as well as patrons. Whether it’s a single standalone location in a local entertainment district or a mega-property towering over a bustling metropolis, all the classic walnut wood or white sanded concrete floors won’t matter.
Before welcoming your first guest you need complete, current, and accurate data to closely manage your project on time and on budget. Just like touchless check-ins with a simple snapshot of a QR code, automate your project management solutions to build transparency and efficiency into the construction process.
According to industry trade group California Lodging Investment Conference, the pandemic accelerated existing trends in the use of new technology for construction while Covid-19 also hastened new techniques in room design and décor as well as a growing emphasis on sustainable practices. Hotel Management notes that architects are working to reduce carbon, water, energy, and materials sourcing in their designs as builders turn to the growing interest in solar energy, smart sensor systems, and water reuse to minimize waste.
Weather, work stoppages, and supply chain disruptions can affect a project. But with the amount of data available today through easy-to-use construction project management solutions, poor planning is no excuse. The result is costly delays that unnecessarily inflate a project’s budget.
Considering that hotels are one of the highest energy and water consumers per square foot, diligent design and project execution are vital to deliver a building that maximizes efficiency and productivity.
A new ebook available for download titled, “Checking in: Four Trends Shaping the Future of Hotel Construction,” details the complex challenges facing owners and delivery teams involved in hospitality construction.
Facilities must be functional to accommodate today’s visitors, but builders also must forecast future capabilities before construction even begins.
Here is what owners must keep in mind whether it's a new project, an expansion, or a gut renovation.
It’s not just new carpet and a fresh coat of paint anymore; technology plays a vital role when embarking on a new project. For example, data intelligence can provide specs for the right amount of insulation that saves energy, controls condensation, and helps HVAC systems perform better for longer.
Owners and delivery teams need a trusted solution to help them remain agile throughout construction so assets can be built efficiently and delivered with the flexibility to accommodate guests well into the future.
Hotels owners will continue to demand higher levels of technology to not only increase operational and staff efficiency, but also meet changing expectations for a high-value, relatively low-touch experience.
Oracle Construction and Engineering is an autonomous business unit within Oracle, set up with world-class solutions and expert DNA to solve complex industry-specific problems by helping people increase control, see data in new ways, discover insights, and unlock endless possibilities.
Our solutions including Oracle Primavera Unifier Essentials, part of the Oracle Smart Construction Platform, are used to plan, build, and operate facilities and infrastructure that support communities around the world. The power of Oracle solutions helps to:
The hospitality industry is healthy, and many hotel owners expected to experience record high revenues in 2022. Construction firms working in the hospitality sector also should see steady growth. According to the 2022 third quarter “Construction Pipeline Trend Report for the US” from Lodging Econometrics, the construction pipeline stands at 5,317 projects, up 10% by projects year-over-year.
Oracle’s Smart Construction Platform will help reduce the uncertainties and empower project teams with insights and intelligence for more accurate, proactive, data-informed decision-making.
The Oracle Smart Construction Platform combines our industry-trusted applications with a common data environment and an ecosystem of partners to help owners and delivery teams work together and continuously improve performance. The platform connects teams and data, synchronizes work, and empowers individuals to make informed, proactive decisions. Power performance with proven Oracle Construction and Engineering solutions for scheduling, portfolio management, construction project management, project controls, construction payment management, and more.