Recent headlines on the budget hotel growth
News that the budget hotel brand Easyhotel increased its total revenue by 24% to £19.9 million for the six months to March 2019, fuels the growth of budget hotels. The sector continues to dominate the market, representing 69% of all new build hotel stock and 65% of all hotel extensions. Many of the owners of these hotels have ploughed millions into refurbishing them, from the bedrooms through to the public areas. Essentially, the design brief will be consistent throughout, and the timescales to complete the work tight. However, as these refurbishments will invariably take place as the hotel remains ‘live’ and trading, it is vital that any refurbishment company brought in is able to remain flexible and move plans around if a particular area of the property is needed by guests. While the ideal would be to close off floors during a refurbishment, this isn’t always possible but having the ability to carefully construct screens around the affected area to minimise any disturbance is important. Above all, keeping a professional, working manner at all times during the refurbishment process to ensure the property’s (and the contractor’s!) standard is maintained is vital.
