Wind Energy

5 Ways Hospitality Properties Can Use Renewable Energy | Ep. #094

Investing in renewable & eco-friendly resources can help improve your hospitality properties overall profit and patronage.

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Welcome to another edition of Hospitality Property School.

Today, I am going to look at “Investing in Renewable & Eco-Friendly Resources”.

Investing in renewable & eco-friendly resources can help improve your hospitality properties overall profit margin. Today, many travellers prefer to accommodations that are environmental-friendly rather than an ordinary hospitality property room.

With climate change and the environment grabbing the headlines, increasing pressure to cut carbon emissions and rising electricity prices, saving energy is on many hotelier’s and innkeepers priority list.

Renewable power, including wind and hydroelectric power, are set to rise by 40 percent over the next five years.

While less than 2% of the world’s electricity is currently generated through solar technology, a recent report estimated that this figure could increase to as much as 13% by the year 2030.

It’s clear that renewable energy is here to stay as more companies embrace it and in this group, the travel industry stands out.

Here are some examples of the renewable power is being used by the travel industry to lower operating costs and support a sustainable future.

Solar Energy

The solar energy industry is set to grow by more than $65 billion.

Today, three-quarters of solar installations are less than a couple of years old and hospitality properties of all sizes are quickly taking to this technology. Although solar power installations can take as long as a decade to pay for themselves, they can cut energy bills by 60 percent. For this reason, more properties are choosing this option.

Wind Energy

The terms “wind energy” or “wind power” describe the process by which the wind is used to generate mechanical power or electricity. Wind turbines convert the kinetic energy in the wind into mechanical power. Based on the size of a property wind energy can cover half the electricity bill each month.

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So, as always, let’s work together to put heads in your beds.
Until next time, have a fun day.

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