Hotel construction is a challenging and complicated trade. Building a hotel requires multiple contractors, suppliers, companies, and investors. Also, lead times for hotel projects can vary wildly depending on the construction type.
THP’s hotel database covers all hotel construction types; from new builds to extensions to refurbishments or conversions.
Each construction type has a different set of needs, and involves contrasting input from suppliers, depending on the project type.
For suppliers using the THP database, it’s often helpful to look at specific projects using our ‘Construction Type’ filtering function. This allows for you to select new builds, extensions, refurbishment or conversions and filter the specific type of hotel project your business needs.
From there, you can decide whether to make a sales pitch to the specific companies mentioned within each project on the database.
In this blog post, we will be taking you through the different types of constructions on the THP database.
Four Construction Types
1. New buildings
A new build is a property that is being built from the ground up. It’s a project type that appeals to all hotel industry suppliers, as a new build hotel needs everything!
Each hotel project is different, with its own requirements from suppliers and contractors. However, building a new hotel often involves a longer lead time, extensive planning, higher construction costs and more intensive sustainability considerations.
There is more input and flexibility when it comes to new build hotels, with rooms, products, and amenities all being designed freely without any pre-existing considerations to factor in.
On the flip side, new builds also require a higher level of planning and collaboration between the hotel’s ownership, management, and procurement team, in order to ensure all moving parts of the operation coordinate and fit seamlessly together.
This also means that new build projects require all hands on deck. From sound system to fork, the hotel’s ownership will require all different types of suppliers to pitch into these projects.
For suppliers, there is also a particular benefit in the fact that there are often large and varied orders and the opportunity to influence design and procurement processes from the start with new builds.
The THP database lists the highest number of hotels as new builds, with over 6,100 projects in this category.
2. Hotel extension
A hotel extension is a little less straightforward than a new build, and can involve multiple different types of projects. It’s one of the most interesting types of hotels, and can be a great option for your business.
At THP, we define hotel extensions for our database as an addition to a pre-existing hotel that is target focused. This means adding specific facilities and amenities to the hotel – think a fitness studio or a wellness centre.
It can also include stocking up the hotel to meet rising demand levels, by adding new rooms or additions to pre-existing facilities.
A strong benefit of extension hotel projects is the potential for operational continuity while the extension is being built.
For suppliers, the biggest advantage of engaging with an extension project is the potential for repeat business opportunities. Extensions are also less extensive than new builds, but still substantial orders.
3. Hotel refurbishments
Refurbishments are when existing hotel facilities are renovated and modernised, to better suit ongoing needs of customers. They’re designed to enhance the experience of the hotel, update the design to better reflect current hotel trends or improve the building’s infrastructure.
Examples of refurbishment would be upgrading guest rooms, lobbies, restaurants, and amenities, rather than adding in new facilities altogether.
On THP’s database specifically, the refurbishment construction type refers to projects which have structural changes, for example a significant upgrade to the floors in a hotel.
The renovation could also include public spaces, new water features, a new pool, or new kitchens. It could also involve rebranding a hotel.
Refurbishments are the second most common construction type on THP’s database, after new builds. There are over 726 refurbishment projects on the advanced database ready for hotel suppliers to browse!
There are many specific benefits for suppliers looking to become involved in a refurbishment project, including the continuous demand for replacement and upgrading of products, and the potential for long-term partnerships.
4. Hotel conversion projects
On the THP hotel database, conversions are defined as non-hotel buildings are being transformed into hotel properties.
These hotels are unique as they often maintain unique elements of the original structure, whether it be a school, church, or power plant.
Conversions are becoming increasingly popular as a more sustainable way to reuse buildings which no longer serve a functional purpose, by converting them into a hotel.
Especially post-pandemic, many cities (such as London) have an oversupply of office buildings which are no longer needed as workers spend less time in the office. Turning these buildings into hotels can be a clever way to establish new hotspots, often in some of the most sought-after postcodes.
For suppliers looking to get involved in the growing world of hotel conversions, there can be many advantages to targeting this particular construction type.
These hotel types often require unique and customised product requirements, meaning more opportunities for specialty and bespoke items.
How can THP’s SaaS database help my business?
THP’s database contains an extensive range of both new build and extension hotel projects from around the world, providing your business with the headstart it needs to secure strong, reliable sales leads.
We’ve been keeping hospitality suppliers informed for close to 20 years. Decades of experience have allowed us to cultivate strong relationships with hotel ownership, management, and many other stakeholders.
And we’re proud to have the most up-to-date, detailed information about all of the most exciting global hotel projects.
FAQ
Q1: What is the difference between a conversion and an extension project?
Conversions involve transforming a non-hotel structure, for example, a church, into a hotel. Extensions, however, are pre-existing hotels that are being added to. This can be in the form of new amenities, floors, rooms, or facilities.
Q2: How can suppliers benefit from refurbishment projects?
Refurbishment projects provide continuous demand for updated and upgraded products, creating opportunities for long-term partnerships and repeat business as hotels periodically renovate their facilities.
Q3: What makes Conversion projects unique?
Conversion projects involve transforming non-hotel buildings into hotel properties, which often require unique and customized products to maintain the original structure’s character while meeting hotel standards.
Q4: Which type of construction project typically has the longest timeline?
New building projects usually have the longest timeline due to the extensive planning, design, and construction involved in creating a new hotel from scratch.
If you’d like to learn more about how THP’s advanced hotel database can help your business, book a demo with one of our friendly sales team, or sign up for a 7-day free trial today!