Hotel valuations ‘now linked to sustainability’
Investors in hotel properties are driving the green agenda in travel as asset valuations become linked to measures of sustainability.
Investors in hotel properties are driving the green agenda in travel as asset valuations become linked to measures of sustainability.
In a move to help hoteliers with sustainability efforts, a global committee is working on a way to help them better track their carbon footprint and enact metrics for use industrywide.
Experiential travel and hotel stays have been the buzz of the past few years, and top the agendas of many hotel brand operators.
Hotel owners and operators need to rely on technology, as well as more efficient outsourcing solutions, to help combat the ongoing labor crisis in the lodging industry, according to renowned hospitality author Larry Mogelonsky, who delivered a keynote address last month at BITAC Operations Live 2021.
Having obliterated the travel world for nearly two years, the Covid-19 pandemic in 2022 will no longer be the primary risk to business travellers, nor the principal duty of care concern for travel managers.
With Reuters reporting a 700 per cent increase in searches for flights to America on BA’s website after the US announced its easing of travel restrictions from next month, it seems travel, and even long-haul, is firmly back on the agenda.
Bruce Becker has spent nearly his entire adult life designing buildings -- 33 years to be exact.For the 62-year-old architect and developer, one building in particular has consumed his time for the past few years. In 2019, Becker's firm, Becker + Becker, bought a local landmark and registered Historic Place in New Haven, Connecticut, for $1.2 million to realize his vision of a net-zero hotel -- believed to be the first of its kind in the US."You have to reuse, recycle and reinvent existing buildings to be truly sustainable," Becker says.
As business travel gradually returns, there is a recognition within the industry that sustainability – and particularly a focus on the environment – will be crucial in coming years. From interviews conducted at the International Hotel Investment Conference (IHIC) in Berlin in September this year, and the Business Travel Show at the end of the month and into October, participants from ground transport to travel management companies and airlines to hotels spoke of sustainability.
The tourism industry is at a turning point. With an uptick in demand - arrivals are expected to hit 1.8 billion in 2030 - finding a balance between people, planet and profit will be crucial.
The luxurious and laid-back Bucuti & Tara Beach Resort in Aruba has been singled out by TripAdvisor as the most romantic hotel in the Caribbean for six years running. But you might never guess that the adults-only retreat, with 104 elegant, modern rooms, is also one of the most sustainable hotels in the world.
Surveys indicate a silver lining to the pandemic is a heightened commitment to “sustainable” travel by consumers. But as vaccinations lift travel prospects, hopes for a “green” recovery may have been overblown.
Do you remember all the fuss about plastic straws? It wasn’t long ago when company after company realised that handing out 4.7 billion plastic straws each year in England alone wasn’t such a great idea after all. Hotels were quick to jump on that ‘green’ bandwagon. It was a clear win: something easy to phase out, that represented both a cost saving and a simple way of showing a brand’s eco credentials.
The pandemic forced hotels to alter how they operate, pushing health security to the forefront of the hospitality community's consciousness. But given these safety measures came with the onset of disposable goods that range from masks to menus, experts worried was that this new focus would derail the burgeoning industry trend to make your next stay more sustainable.
A new vegan hotel says it's 'pioneering the way for vegan tourism in Costa Rica'.
Back in June 2020, as the the UK's first Covid-19 lockdown started to ease, a bout of beautiful weather culminating in the hottest day of the year saw people flocking to the country's beaches.
From bike sharing schemes and hydrogen buses to app-based ride hailing services booked using a smartphone, urban mobility is changing.
United Airlines believes you may someday take a small electric aircraft to get to the airport.
In 2018, social scientist Roger Tyers pledged to stop flying for work and leisure. Soon afterwards, he won a research fellowship that included fieldwork in China. So he decided to take the train from Southampton to Shanghai, a journey of almost two weeks.
United Airlines said on Thursday it had committed to a multimillion-dollar investment in a project to remove carbon dioxide from the air through air direct-capture technology as part of a plan to be 100% "green" by 2050.
Global management consultancy Boston Consulting Group has pledged to cut its business travel-related carbon emissions at least 30 percent per full-time employee by the year 2025 from 2018 levels. The target is part of a commitment BCG announced in September 2020 to reach net-zero climate impact for the business by 2030 through carbon-reduction initiatives while investing in carbon-removal projects for the footprint that remains.