EV Charging Solutions for Hotels & Resorts
Summer is right around the corner, bringing with it vacations and road trips for families across the country. Given the large number of people with travel plans, it’s sure to be a fruitful season for hotels and resorts everywhere. However, there’s another way that hospitality properties can attract more guests and boost revenue throughout the year. Much like multifamily housing units, hotels and resorts are a logical host for electric vehicle charging stations as EV adoption continues to rise at a rapid pace.
Attract More Guests
Fueled by a growing commitment to clean and sustainable energy options, the EV revolution has already begun. According to reports from EVAdoption, approximately 50 percent of all new car sales are expected to be electric vehicles by 2030. While that may seem like the distant future, the number of EVs on the road has already jumped from 22,000 in 2011 to more than 2 million in 2021. With forecasts expecting a strong acceleration in electric vehicle adoption over the coming years, hotels and resorts have a lucrative opportunity to prepare for the impending transition and attract a network of new potential guests by installing EV charging stations.
Investments from the National Electric Vehicle Infrastructure program have initiated the process of establishing a nationwide network of chargers, but most EV charging is done overnight. That means hotels and resorts that offer EV charging stations will instantly have a leg up on competitors that don’t. It also provides an opportunity for hospitality properties to showcase their commitment to sustainability. In addition to the growing number of electric vehicle drivers, locations with EV charging stations will attract the rising population of values-based consumers that share the same vision of a sustainable future.
Discover New Revenue Stream
It’s no secret that installing EV charging stations will be a substantial investment, particularly for hotels and resorts that provide it as a free perk for guests. However, these devices can also quickly pay for themselves by requiring drivers to pay for access. Much like gas for other vehicles on the road, EV drivers are already accustomed to paying for charging stations outside of their home. Several hotels and resorts also charge an additional fee for parking, meaning the cost for EV charging station use will not be a deal breaker for most guests as long as the price is within reason.
Those who fully embrace the EV revolution by installing a parking lot filled with charging stations could increase their new revenue stream even more by opening them to non-guests as well. Many hotels and resorts reside in a hotbed for tourists and consumers with sports or entertainment venues, restaurants, and bars nearby. As EV adoption continues to rise, hospitality properties in locations with heavy foot traffic could provide a valuable amenity for their community and boost revenue throughout the year by installing EV charging stations.
Join the EV Revolution with Terra Energy Services
As a division of ACDI that solely focuses on power through clean energy and sustainability, Terra Energy Services is committed to making EV charging effortless for commercial environments. With proper planning and the right approach, we believe hotels and resorts everywhere can take advantage of lucrative opportunities in the growing space of EV chargers. That’s why we’re proud to offer a simple turn-key solution that drives differentiation and revenue for our partners. Contact us to learn more about our industry-leading charging stations, professional services, and software support services.