UK hotels can save millions of pounds by taking simple measures to save water and energy that pay for themselves within two years, an industry finance leader said today.
Paul Nisbett, chief financial officer of The Hotel Collection, said the group expects to save £360,000 a year after investing £300,000 in energy and water efficiency projects across its 21 UK hotels.
The Hotel Collection worked with SaveMoneyCutCarbon to identify projects which would cover their costs within two years, and has made savings by installing LED lighting, eco-smart showers and tap aerators across its estate, as well as an intelligent heating and cooling management system at The Hinckley Island Hotel in Leicestershire.
Mr Nisbett, who is also finance community chair of HOSPA, The Hospitality Professionals Association for Finance, Revenue Management and IT, said: “Water and energy efficiency should be on every hotel’s agenda as it can generate substantial savings. We are already saving £360,000 a year across the portfolio by implementing simple efficiency measures which do not impact on our guests’ satisfaction.
“These projects pay for themselves swiftly, deliver lasting savings and add value to the business so we are continuing to identify further ways to cut energy and water bills across our portfolio.”
The Hotel Collection’s savings of £360,000 a year work out to £128 for each of its 2,800 rooms. If the UK hotel industry achieved only half that across its 600,000 rooms, it could cut bills by more than £38 million ever