Investing in renewable & eco-friendly resources can help improve your hospitality properties overall profit and patronage.
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Welcome to another edition of Hospitality Property School.
Today, I am going to look at “Investing in Renewable & Eco-Friendly Resources”.
Investing in renewable & eco-friendly resources can help improve your hospitality properties overall profit margin. Today, many travellers prefer to accommodations that are environmental-friendly rather than an ordinary hospitality property room.
With climate change and the environment grabbing the headlines, increasing pressure to cut carbon emissions and rising electricity prices, saving energy is on many hotelier’s and innkeepers priority list.
Renewable power, including wind and hydroelectric power, are set to rise by 40 percent over the next five years.
While less than 2% of the world’s electricity is currently generated through solar technology, a recent report estimated that this figure could increase to as much as 13% by the year 2030.
It’s clear that renewable energy is here to stay as more companies embrace it and in this group, the travel industry stands out.
Here are some examples of the renewable power is being used by the travel industry to lower operating costs and support a sustainable future.
The solar energy industry is set to grow by more than $65 billion.
Today, three-quarters of solar installations are less than a couple of years old and hospitality properties of all sizes are quickly taking to this technology. Although solar power installations can take as long as a decade to pay for themselves, they can cut energy bills by 60 percent. For this reason, more properties are choosing this option.
The terms “wind energy” or “wind power” describe the process by which the wind is used to generate mechanical power or electricity. Wind turbines convert the kinetic energy in the wind into mechanical power. Based on the size of a property wind energy can cover half the electricity bill each month.
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So, as always, let’s work together to put heads in your beds.
Until next time, have a fun day.
For listeners of the Hospitality Property School Podcast, we are offering the opportunity to check out the Hospitality Property School Group
For 14 Full Days
(If you see the value and continue as a member, then you billed $37 per month)
As a Member:
• You have the opportunity to ask questions, share best practices, promote your property etc.
• Every week a video will be posted with updates & answers to questions
• Every week training tutorials will be added to the group. They will be listed in the following categories
o Organizational Structure
o Employee Development
o Marketing for Your Hospitality Properties (Including How to Use Social Media)
o How to Look at Your Hospitality Property
• We will share monthly interviews with hospitality property specialists on such topics as:
Customer Service | Property Management System | Hotel Guest Service | Hotel Website Design |Hotel Marketing | Employees
That’s a lot of information…. and you get it all for two weeks
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