Sustainability

Hotels have focused their attention on utility-related metrics. As a result, the measurement of hotel consumption data and KPIs feels like a tick-box exercise. However, when it comes to social metrics—such as well-being, employee retention, education, human rights, or the suppliers audited to ensure compliance with the company's code of conduct—these indicators are crucial.

Share price and value are correlated to current and expected future profits, which can depend on decisions from governments with short term priorities who legislate for GDP growth as a solution to most of their problems. We should be pushing for a lasting global commitment to change the collective vision of success, and to accept that success shouldn't be measured in purely economic terms.

What do KPIs, certificates, and ESG ratings have in common? They're all tools we use to measure impact and performance. But can one metric, or even one system, capture everything at once? Probably not. As we navigate ESG reporting, the challenge isn't just what to measure, but how much, how specifically, and how meaningfully.

What a great topic, indeed 'failures' are great learning opportunities for the organisation itself as well as others when shared publicly. A mindset of continouus improvement, that is for example inherent to ISO certifications, would enable companies to shift the 'failure' vs 'success' narrative and culture.

Many SME accommodation owners begin their sustainability journey with enthusiasm but often fail to sustain long-term change. A key barrier is underestimating the time and commitment needed to overhaul operational processes across departments.

To make progress on sustainability, I believe we need to build a culture that values curiosity over criticism, encouraging people to explore what works, what doesn’t, and why. That means treating new ideas as experiments, not tests to pass or fail.

As companies face increasing pressure to report their GHG emissions, the role of business travel, mainly flights, is coming under great pressure. Business travel contributes significantly to a company's carbon footprint. In my opinion, hotels will be less affected than airlines, but they will need to relearn to focus more on short—and medium-distance travellers.

The growing interest in sustainability and events is shifting competitiveness in a new direction. For those hotels and events venues that have been leading the way for decades by implementing sustainable management practices and measuring the carbon footprint of operations their hard work is paying off.

The role of sustainability information in business travel is increasingly critical, particularly for hotel groups like Radisson Hotel Group, as corporate clients prioritize sustainability in their procurement processes. A growing requirement for sustainability data in corporate RFPs significantly impacts the competitiveness of hotels.

Properties should take resilience measures not just to lower insurance premiums but also to keep their doors open and stay in business. Insurance companies can protect their own profits and keep their customers by offering lower premiums to owners who better protect their properties.

While I would like to suggest that there is a massive "Game Changer Opportunity" presented here in accelerating sustainable best practices though engagement from the Insurance Industry, that is going to have to wait and see what comes unless someone has more information related.

To fully embrace their role as enablers and game changers, insurance companies could focus on two aspects that would make a difference in the way hospitality professionals make decisions. The first one is the availability of data about present and future risks (catastrophic events…) and their correlation with some hotel features (construction materials, construction year, location of technical equipment in the building…).