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Investing in renewable & eco-friendly resources for hospitality properties used to be a luxury, but is now, not only is it necessary, it can help you improve your properties overall profit and patronage.
I will share with you ways you can utilise green technology.
Welcome to another edition of Hospitality Property School.
I am your instructor, Gerry MacPherson.
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Hospitality properties have often demonstrated their role as first movers for green technology.
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Every property is unique and has different requirements and it is important that hotels, resorts, inns and bed and breakfasts identify and realize solutions according to specific needs. For windsurfing or kitesurfing resorts, new wind technologies might be more interesting than solar. For a desert resort, vice versa. For some island properties, wave energy might be the preferred option.
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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.
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Renewable power, including wind and hydroelectric power, are set to rise by 40 per cent 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.
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Here are some examples of renewable power is being used by the travel industry to lower operating costs and support a sustainable future, right after a word from our sponsors. 2:22
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Solar Energy
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 per cent. For this reason, more properties are choosing this option.
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Wind Energy
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.
Geothermal Energy
Geothermal energy is thermal energy generated and stored in the Earth. The geothermal gradient, which is the difference in temperature between the core of the planet and its surface, drives a continuous conduction of thermal energy in the form of heat from the core to the surface.
With many countries around the world ready to embrace geothermal energy, it is ready to double in size.
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Biodiesel
Biodiesel refers to a vegetable oil- or animal fat-based diesel fuel and is quickly becoming more popular. The U.S. economy reaped more than $4 billion from it in the past year. There is a property in Sweden that turns its organic waste into biodiesel at a nearby plant.
The biodiesel that results from this and similar projects in Sweden are powering the nation’s vehicles.
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Reuse
Waste management is a significant issue at hospitality properties, which are increasingly running programs to reuse linens and towels. Guests can choose to dry their towels and keep the same bed linens rather than getting new ones each day. To deal with waste from gardens and kitchens, some properties send waste to biogas plants.
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In Conclusion
Renewable energy sources are becoming popular with consumers and businesses around the world. Hospitality properties, which are major energy consumers, have taken a lead in embracing these new sources of energy. Along with saving money, renewable energy sources boost customer perception of hospitality properties and support a healthier future for everyone.
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⇒ TO READ OR LISTEN TO THIS EPISODE ON KEYSTONE HOSPITALITY PROPERTY CONSULTING:
https://keystonehpd.com/KHDC171
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⇒ And don’t forget to join the “6 Day Challenge” here:
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RESOURCES & LINKS MENTIONED IN THIS EPISODE:
The Keystone HDC Training Tutorials
https://courses.keystonehospitalitydevelopment.com/
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Keystone HDC Post Downloads
We add to them every month.
https://keystonehpd.com/KHDC140
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Join our community in “The Hospitality Property School Group” – Check it Out for One Full Week for Only $1
https://keystonehpd.com/membership-site
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Say hi on social:
Facebook: https://www.facebook.com/KeystoneHDC
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Twitter: https://twitter.com/KeystoneHDC
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Linkedin: https://www.linkedin.com/company/keystone-hospitality-development/
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Listen to The Hospitality Property School Podcast here:
https://keystonehpd.com/itunes-podcast
https://www.spreaker.com/keystonehdc
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YouTube
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Hospitality Property School is a division of Keystone HDC
