Study Shows Outdated FM Results in Millions of Pounds in Losses for Hospitality
A recent study has shown that outdated facilities maintenance practices in the UK hospitality industry amounts to £736 million in lost savings every year. The findings come at a time when COVID recovery and Government’s evolving roadmap to net zero reach levels of peak importance. In this blog, we take a closer look at the study’s findings and important focal points for hospitality industry cost savings through facilities maintenance.
What The Research Says
Get An FM Contract
The figures from the abovementioned study have also shown that an average of 23% saving could be achieved simply by implementing a facilities maintenance contract. This would amount to a 65% reduction in reactive visits. Unquestionably, the cost savings attached to such figures will have a powerful effect on the balance sheets of hospitality industry players.
The Future of FM Means Tech
The study went on to show that, in addition to these sorts of changes, a move towards smart technology could hold the answer to cost-saving changes. From a facilities maintenance standpoint, this will have a strong bearing on preventative and predictive maintenance capabilities. It will also be a primary driver for enhanced efficiencies and the move to net zero, as well as automation.
Who You Choose For Facilities Maintenance Matters
The study has also encouraged mindfulness around who you employ to fulfil your maintenance requirements. Employing locally for a reduced carbon footprint is recommended, but the report also mentions skills matching to get the job done as quickly and efficiently as possible. Working with one facilities maintenance team, where the skills required for multifaceted maintenance are met by a single team, no doubt ticks the box when it comes to skills and efficiencies.
Let Your Team Feel The Energy
The research also goes on to recommend bringing the team on board for energy savings. Keeping employees in the loop through shared energy data could have a meaningful impact on efficiencies. By using energy services incorporating smart meters and IoT technologies for energy saving, a detailed data view can give insights on the consumption of individuals, teams, and overall enterprises. These data analytics can then be used to enforce behavioural change – reducing peak usage and wastefulness.
Savings For Sustainability
The hospitality industry was one of the most hard hit by lockdowns and government restrictions in response to COVID-19. The pandemic, together with Brexit, has had a compound effect on hospitality businesses. As the industry makes a comeback, competitiveness and cost savings are as important as ever.
As the study above has shown, a facilities maintenance contract and the use of technology are the first steps in driving environmental and operational efficiency. As the global climate emergency continues and the government’s focus on environmental regulations intensifies, it is these sorts of practices that will carve the route for hospitality into the future.
Team Up With Voltix Services To Start Saving
The team at Voltix Services combine experience and expertise with innovation to ensure your business’s facilities maintenance practices are at the forefront of industry trends. From new builds and equipment installations to optimising existing systems, explore our services and get in touch to find out more about our hospitality sector services.