How Should Your Hotel Choose The Right Energy-Solution Provider To Be More Sustainable?
This should come as no surprise that energy costs are the second-highest expense in the hospitality industry, after workers. Electricity accounts for 60-70% of a typical hotel’s electricity costs and accounts for about 6% of overall operating costs. The irony is that, until recently, hotels, resorts, and casinos lacked the data and technologies required to significantly reduce their energy consumption. That is no longer the case, as the hospitality industry has entered a new age of energy and organizational efficiencies. In short, the horizontal service convergence system that is so prevalent in the hospitality industry is rife with organizational inefficiencies.
Energy production is not a recent concept in the hospitality industry. Hotels are becoming deeply mindful of these issues and have been taking steps to address them for decades. However, the majority of this action is not directed at their particular business divisions, nor is it an effort to recognize and eliminate organizational energy consumption on a structural level.
According to the American Hotel & Lodging Association, LED lighting is the most successful initiative, with 90% of hotels surveyed having made the move. Nonetheless, several hotels, malls, and casinos are making even more significant changes:
- Harrah’s Las Vegas recently completed a $1.125 million retro-commissioning project that reduced annual electricity consumption from 48 million kWh to 24 million kWh, resulting in $309,720 annual utility savings.
- The Mandalay Bay has the world’s largest rooftop solar array, which provides 25% of the hotel’s electricity needs.
- The Radisson Blu Frankfurt has announced plans to introduce fuel cell technology, which will enable the hotel to generate 3 GWh of electricity while reducing carbon dioxide emissions by 600 tons per year.
However, in recent times, some hotels might not have the same budget as these previously mentioned properties but still want to make the move in a more sustainable direction. Reducing your energy consumption not only helps reduce your expenses but also helps reduce your carbon footprint. Yet the biggest question hotels might have is, how do I know the solution is right for me?
What will be covered?
- What are some challenges hotels currently face when it comes to energy savings?
- What are hotels’ main focus right now, and how can partnering with energy-solution providers help them now & in the future?
- What are the main things that hotels should look for when sourcing for an energy solutions provider?
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Peyton has 7 years of experience working in hotels from large luxury brands to independent local brands in Singapore and Thailand. She’s worked in different departments – front office, F&B, and event management. Peyton’s forté is in event management where now she joins SensorFlow to help the company build brand awareness through events and marketing.