Intercontinental Hotels: White paper showing how the net zero model brings benefits to the hotel sector is revamped with new data
In May 2021, IHG worked with international property consultancy Gleeds, global engineering and design consultancy Arup, and energy management and automation specialist Schneider Electric to co-author a book white that revealed how the hospitality industry can meet the net zero carbon challenge.
Titled “Transforming Existing Hotels to Net Zero,” the team that compiled the research used a real-world case study to examine existing opportunities to decarbonize existing hotels and drive operational energy toward net zero carbon. With energy consumption typically accounting for up to 60% of a hotel’s emissions, the paper examined a range of interventions, whose initial cost was weighed against potential long-term savings with the aim of developing a methodology that could be applied industry wide.
Since its release, “Transforming Existing Hotels to Net Zero Carbon” has been updated to consider new scenarios using the most recently released BEIS energy price data available in the public domain. In addition, the financial model assumptions and capital expenditure approach, calculations and accumulation of energy/carbon savings due to multiple interventions have been modified. Reference was also made to substantial developments in the wider decarbonisation space since the first publication, details can be found on page 55.
Click here to download and read the document in its entirety.
IHG – Intercontinental Hotels Group plc published this content on June 09, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unmodified, on Jun 09, 2022 15:21:07 UTC.