Sustainable real estate - Increasing pressures for hotel investors
The hospitality industry, including hotels, is facing a significant challenge in the march towards carbon neutrality. Buildings are a major source of greenhouse gases, with hotel operations consuming more energy than any other type of building and accounting for an estimated 1% of global carbon emissions. The authors of this article claim the long-term commitment to becoming carbon-neutral by most major hotel chains is important, but net-zero...
What are the implications of the march towards carbon neutrality for the hospitality industry? This article explains how consumer and investor behaviors are changing and discusses the challenges and opportunities for hotel operators and investors in the coming years.
Sustainability and ESG have emerged from niche topics to now being high on everyone's agenda. Following up on the Paris Agreement on climate change to minimize global warming, the European Union’s Green Deal targets climate-neutrality for the continent long term. By 2030, the EU and the US seek to cut greenhouse gas emissions by more than 50%. The next years will be defined by the evolution of regulatory frameworks to ensure these ambitions are achieved through concrete actions.
The Hotel Yearbook 2023 - Annual Edition
As we have embarked on 2023, it is evident that the hotel industry has made a robust recovery from the
pandemic.
Occupancy and pricing have returned to their pre-pandemic levels. However, the future of our
industry is contingent
on how nimble the hospitality sector can be in adapting to ongoing innovation, changing market
conditions, evolving
consumer preferences, new staffing challenges, and sustainability realities. These uncertainties are
the new normal
in an unpredictable world.