Renovating a hotel is a complex endeavor that requires careful planning, strategic insights, and effective execution. Since 2008, Majestic Hospitality has transformed this process by offering a comprehensive “one-stop shopping” approach, inspired by successful models in Asia. Here’s how this method can revolutionize hotel renovation in the US:
Comprehensive Consulting Services
Majestic Hospitality’s mission is to streamline the hotel renovation process. By providing a unified solution, we reduce an owner’s reliance on numerous consultants. Our fully integrated approach delivers significant cost, efficiency, and timing benefits for US hotel owners and developers. Majestic’s in-house capabilities enable it to directly take projects from the site analysis, feasibility study, concept planning, amenity programming, financial analysis, and design review, through full design and planning, securing entitlements, and finally construction management for completion. Think of it as once source for the full life cycle of the renovation process.
Strategic Market Analysis
Understanding market dynamics is crucial. Majestic Hospitality emphasizes thorough market analysis, utilizing its proprietary toolbox to assess economic health, business growth, and population trends. This ensures that the renovated or repositioned hotel meets demand and maximizes profitability. Our team’s flexibility to operate in any domestic or global market gives us a unique competitive advantage, fostering a mindset that is neither myopic nor black-and-white. This approach allows us to harness continuous domestic and global intelligence to track macro industry trends while also providing “living with the locals” insights into micro-regional issues.
Risk Management
One of the few guarantees in life is that nothing ever goes according to plan. With countless variables at play, risk management is integral to Majestic’s strategic efforts. By evaluating developmental, social, and operational risks, we aim to ensure the hotel’s feasibility and stability, planning for a three-year ramp to full operational capacity. As recent years have shown, predetermined plans and strategies must be in place for crises such as political turmoil, social unrest, labor strikes, economic downturns, natural disasters, and pandemics. Being prepared is key.
Adaptation to Industry Trends
Majestic Hospitality stays ahead by identifying and adapting to lasting industry trends. This ensures the renovated hotel remains relevant and competitive in a rapidly changing market. Unique to Majestic Hospitality is our consumer analytics and Customer360 programs that were developed in-house. These tools allow us to scope, size, and penetrate markets utilizing consumer data from outside the typical hotel industry sources. This provides deeper insights into what customers seek to experience and are willing to spend.
Our team’s collective passion for travel fuels our ability to follow the latest trends. We are always exploring the world on both business and personal trips. This global knowledge and insight enable us to incorporate the latest experiences to enhance consumer engagement and satisfaction.
Integrity
Above all else, Majestic Hospitality prides itself on integrity. Just like a hotel, we value our customers and strive to build long-term relationships. Nothing speaks louder than faith and trust from repeat clients. Leading with integrity allows us to confidently advise clients with strategies and solutions based on strong foundational principles. We also know when to say “no” since, for us, it is not just about generating revenue but rather the desire and passion to see clients succeed
Above all else, Majestic Hospitality prides itself on integrity. Just as a hotel values its guests, we value our clients and strive to build long-term relationships. Nothing speaks louder than the faith and trust of repeat clients. Leading with integrity allows us to confidently advise clients with strategies and solutions based on strong foundational principles. We also know when to say “no” because our ultimate goal is driven by the desire and passion to see our clients succeed.
Majestic Hospitality’s comprehensive consulting services offer a streamlined, cost-effective, and efficient approach to hotel renovation and development, setting a new standard in the industry.
Let’s chat about your next hotel development project, contact us today.
We eagerly anticipate engaging in hospitality conversations at the upcoming conferences. Our team is excited to participate in:
- IHIF Asia | September 9-11 in Hong Kong
- ISHC | September 26-28 in Dubai
- AHIC | September 28-30 in Dubai
- The Lodging Conference in October 7-10 | Phoenix
- HICAP | October 16-18 in Singapore