The Olympics might feel like they’re still six years away, and they are, but time flies when you’re operating a busy business. Still, much of the hospitality industry is already planning because there is sure to be a business boost with the influx of visitors across Brisbane and the larger Queensland area, and there’s no time to waste!
The tourist industry is projected to see a $20 billion increase due to the Olympics, and the hospitality industry is expected to see an approximate $5 billion boost.
With hotel shortages and a need for luxury accommodations, businesses are trying to get ahead of what looks set to be an almost 24-hour city. Brisbane Metro has already announced plans to operate a 24-hour service on weekends, so businesses should keep that in mind. While there are significant developments in Spring Hill and South Bank, existing businesses have a major opportunity.
Brisbane Booming With Business Opportunities
Trades are expecting an increase in renovations, kitchen upgrades, public bathroom expansions, additional branding and installing signage, as well as adding capacity. For those businesses located within walking distance to one of the Olympic venues, additional signage is a must to ensure visitors can easily locate precisely what they’re looking for.
Businesses across the hospitality industry are preparing to go to great lengths to capture additional customers and ensure they make a positive first impression. From commercial water inspections and upgrades to expanding tables to maximise profits, there are plenty of ways to take advantage of the Olympic boom.
The sooner you prepare, the better off you’ll be. Many businesses across the hospitality industry are already preparing expressions of interest, with suppliers reporting a steep uptick in requests. Businesses that wait too long run the risk of missing out; you may be unable to find a reputable trades team to tackle the project.
Get Ahead of the Rush
Plumbing experts recommend a proactive approach, especially ahead of peak season. Start with an inspection to address water pressure, HVAC systems, clean grease traps, insulate pipes, ensure backflow prevention is in place, and educate your employees on the symptoms of a problem.
The Olympics don’t come to town every day, so businesses in the hospitality industry must do everything possible to embrace the transformative opportunity and leverage it for long-term success. Whether you plan to modernise your dining room, upgrade your plumbing infrastructure, or enhance your signage package, industry experts recommend you start your plans early to get ahead of your competition.
