Energy is typically a hotel’s second highest operating cost.
Whether the price is rising, staying flat or decreasing, the impact on financial statements is always noticeable. While energy cost-cutting is imperative, there is an acute need by hotels to balance cost-cutting efforts with the need to accommodate and delight its guests. Hospitality solutions must be multifaceted — simultaneously addressing:
• guests’ expectations of comfort, safety, and satisfaction
• hotel management’s need for efficiency and reliability
• hoteliers’ need to generate profits
• customers’ desire to buy from socially responsible businesses and hoteliers’ obligation to be environmentally sensitive