For a full- service hotel, energy costs clock in between 4 and 6 percent of revenue, while historic and luxury properties see energy costs hit 10 percent or more of revenue. Every 10% reduction in energy consumption has the same financial effect as increasing your average daily room rate (ADR) by $0.62 to $1.35. Unfortunately, like many hotels, your available working capital is slated for customer facing improvements. But waiting to update your energy systems puts you at risk of an emergency replacement—disrupting guests and forcing you to spend more than you should.
With RENEW’s energy efficiency project solution you can do both projects. Upgrade energy infrastructure now with RENEW without upfront capital and without adding debt to the balance sheet. And, you immediately reduce your operating costs, improve your building’s health & safety, and enhance your brand image with environmentally concerned travelers.