Gandhi, Ambika; Gaudet, Peter. "Canada: Sustainability in Hotels – from Expense to Profit". Industry Report - March 2020. (1583020800)March 2020. https://cdn.horwathhtl.com/...

Gregory Autin | March 24, 2021

Hotel companies, developers and operators are implimenting short- and long-term sustainability solutions and practices while increasing profitability.  Long-term sustainability decisions are being made to combat climate change that lead to a significant cost saving over the longer term.  Hotels designed in accordance with sustainability principles should run at optimal efficiency, reducing operational cost between 20% to 50%.  Sustainability practices also increase guest satisfaction and loyalty as well as employee retention.  Green development initiatives and certified real estate development increase both top line revenue and the bottom line.

Share this!