Spending time outdoors offers benefits such as improved physical health, better sleep and greater emotional well-being. Given these advantages, it’s easy to see why businesses across industries — particularly hospitality — are choosing to incorporate outdoor spaces into their designs. Discover the benefits of outdoor space monetization for hotels, restaurants and other hospitality businesses in our guide, along with helpful case studies that can help you see the full potential of investing in outdoor areas.
Introduction to Outdoor Space Monetization in the Outdoor Hospitality Industry
With today’s rising business costs, hospitality business owners have realized they need to generate income from every inch of their real estate, and outdoor areas are a hotspot for profits. From creating an alfresco menu to complement your outdoor space to commissioning a mural, you can make your space an attraction in several ways.
For example, some popular outdoor spaces that optimize revenue include:
- Rooftop gardens or seating areas
- Private and public balconies
- Recreational vehicle (RV) grounds or “glamping” sites
- Outdoor dining areas
- Poolside villas
How to Increase Revenue With Outdoor Hospitality Spaces
As you assess your exterior areas, you’ll want to look for opportunities to make the most of what you have. Ultimately, increasing revenue from outdoor spaces comes down to trying out different approaches that work for your unique property.
Here are a few ideas to consider as you look into solutions:
- Add soft furnishings: While seat cushions add an extra layer of comfort for visitors, they can also serve as design elements. Similarly, offering small blankets helps to keep the chill off during cooler months, and you can use them as a brand opportunity for your business.
- Make your space unique: Incorporating fun, out-of-the-box elements into your outdoor space can attract curious visitors. For example, you might commission an artist to paint a mural that pays homage to the community. Another idea would be to incorporate technology, such as changing light features, to create an artful experience.
- Offer outdoor dining: If your business serves food, consider extending the dining space outside. When you add extra seating or create a specific outdoor dining experience, you can open your business to a wider audience and boost revenue.
- Incorporate plants: Greenery helps soften outdoor exteriors. Adding a few floral and greenery options can make your space stand out, especially if the surrounding area lacks trees and plants.
- Implement lighting: If you plan to keep your outdoor areas open at night, you may want to incorporate soft lighting options. Incorporate lights with dimming abilities to seamlessly transition from day to evening in the outdoor space.
- Install outdoor cooking areas or firepits: A fun way to keep guests entertained is to build an outdoor kitchen that directly serves the outdoor dining space. Alternatively, you could add firepits around other seating areas to enhance the ambiance.
Understanding the Potential of Shade Structures
Part of making your outdoor area a hit with customers and visitors is prioritizing safety and comfort. Whether your business operates year-round or is limited to seasonal hours, incorporating shade elements into your design can be highly advantageous. This way, guests can make use of the outdoor space rain or shine — and you can generate more earnings.
Here’s a more in-depth look at how shade solutions can help various businesses create welcoming outdoor spaces every month of the year.
1. Sports Fields
Sports fields typically generate income through player membership fees and ticket sales. Providing a more comfortable experience for both parties helps to ensure a constant stream of revenue.
Shade solutions enhance this level of comfort by keeping players and spectators cooler on hot days. In addition, high-quality structures can block out 90% of the sun’s rays, helping to reduce the risks of excess sun exposure. Wet conditions can also impact player and spectator enjoyment, and waterproof shade structures can help keep patrons dry.
Some other benefits of shade structures for sports fields include:
- Promote player health: Spending too much time in the sun can lead to heat stroke and dehydration. Providing shade for players on and off the field reduces health and safety concerns while allowing them to perform at their best.
- Protect sporting equipment: Goals and seating areas become damaged over time when exposed to the elements. Incorporating shade solutions helps to extend the longevity of these items and spaces.
- Enhance the overall experience: Protecting players and spectators from heat and wet conditions makes sporting events more enjoyable. Creating a better overall experience has a positive impact on ticket sales, encouraging visitors to return.