Hotel Owners Urged to Prioritize Sustainability Amid Middle East Conflict and Rising Energy Costs, Says Natalie Dunbar
📈 Amid Middle East conflicts destabilizing fuel markets, hotel owners face rising labor costs and thin margins, often sidelining sustainability. Energy inefficiencies cost the hospitality sector dearly, wasting 10-20% of energy and 1.1 million tonnes of food annually. Heating and cooling account for 70% of energy use, and lighting 8-18%. Compliance penalties in the UK range from £10k to £50k for failing energy standards. Investors now impose "Brown Discounts" on inefficient properties, impacting valuations and lending terms.
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