Building maintenance isn’t at all unexpected for veteran hospitality managers. Budgets, staff, and yearly projections are in place to ensure that things of this nature are accounted for. The problem that commonly arises in this area, which is not the fault of even the most forward thinking hospitality managers, is the ability manage the logistics of furniture, fixtures, and equipment (FF&E).
There is a seemingly constant flow of maintenance on the FF&E within a building.Everyone in the hospitality understands this constant need for maintenance, but how can we expect this to change in the upcoming years?
There is a seemingly constant flow of maintenance on the FF&E within a building.Everyone in the hospitality understands this constant need for maintenance, but how can we expect this to change in the upcoming years?
Inventory Difficulties
Having space to properly store replacement specialty FF&E items typically isn’t possible for businesses in the hospitality industry, and warehouses are often used for storage. This is because items of this nature are almost always unique and are therefore bought in bulk to ensure quick replacement.
The most success utilization of a warehouse, or network of warehouses, for storing building supplies and FF&E, is supported by both long and short distance logistics services. With these services in place, it removes the doubt surrounding inventory management.
Benefits From Improved FF&E
The use of FF&E that is increasingly unique has increased dramatically in the past few years. This trend is a response from the hospitality industry to draw in Millennials who are looking for an atypical traveling experience, and it’s working.
Many hotels and resorts have been able to successfully draw the attention Millennials by doing this, and projections for the future look bright (see previous post). However, there is a downside surrounding this aspect of change.
Complexities with Installation, Maintenance, & Replacement
As FF&E becomes more unique, the amount of skill required to install, maintain, and replace them rises in complexity. This creates a problem not previously needing to be addressed as seriously compared to years past.
Furthermore, as Millennial guests become accustomed to a more uniquely furnished hospitality industry, that will effectively raise the stakes for businesses in this sector. Being able to meet the level of fleeting sophistication this new generation seems keen on finding when traveling is not an easy task.
In fact, it will only become more difficult to effectively draw the attention of Millennials as the hospitality industry make attempts to achieve this. This is because there will be greater competition in this area, which will only further raise the standards of expectation from the guests.
Conclusion
The hospitality industry is changing, and we can all see it happening. Millennials are becoming our primary customers, and their rising expectations of the infrastructure and FF&E within businesses requires special attention.
However, developing an actionable plan that can manage FF&E and infrastructure in the hospitality industry is becoming increasingly complex. It therefore becomes incredibly important to navigate the intricate nature of managing the procurement, installation, maintenance, and replacement of FF&E.
Having space to properly store replacement specialty FF&E items typically isn’t possible for businesses in the hospitality industry, and warehouses are often used for storage. This is because items of this nature are almost always unique and are therefore bought in bulk to ensure quick replacement.
The most success utilization of a warehouse, or network of warehouses, for storing building supplies and FF&E, is supported by both long and short distance logistics services. With these services in place, it removes the doubt surrounding inventory management.
Benefits From Improved FF&E
The use of FF&E that is increasingly unique has increased dramatically in the past few years. This trend is a response from the hospitality industry to draw in Millennials who are looking for an atypical traveling experience, and it’s working.
Many hotels and resorts have been able to successfully draw the attention Millennials by doing this, and projections for the future look bright (see previous post). However, there is a downside surrounding this aspect of change.
Complexities with Installation, Maintenance, & Replacement
As FF&E becomes more unique, the amount of skill required to install, maintain, and replace them rises in complexity. This creates a problem not previously needing to be addressed as seriously compared to years past.
Furthermore, as Millennial guests become accustomed to a more uniquely furnished hospitality industry, that will effectively raise the stakes for businesses in this sector. Being able to meet the level of fleeting sophistication this new generation seems keen on finding when traveling is not an easy task.
In fact, it will only become more difficult to effectively draw the attention of Millennials as the hospitality industry make attempts to achieve this. This is because there will be greater competition in this area, which will only further raise the standards of expectation from the guests.
Conclusion
The hospitality industry is changing, and we can all see it happening. Millennials are becoming our primary customers, and their rising expectations of the infrastructure and FF&E within businesses requires special attention.
However, developing an actionable plan that can manage FF&E and infrastructure in the hospitality industry is becoming increasingly complex. It therefore becomes incredibly important to navigate the intricate nature of managing the procurement, installation, maintenance, and replacement of FF&E.