SaveMoneyCutCarbon CEO Mark Sait is featured in Mix Interiors magazine with expert views on commercial energy and water saving.
Mark was on the roundtable panel organised by Mix Interiors, the leading magazine for the UK commercial interiors market in association with Hansgrohe.
Mark advised the panel that in the hospitality sector, the need for energy efficiency was a pressing issue:
“In hotels, however, it is the second biggest overhead after people. It’s one of the top five strategic agendas of all major hotel groups. A 200-room hotel in central London will have an electricity bill of approximately £50,000 per month and a water bill of £200,000-£300,000 per year.
“These are really big numbers. This is so important because the revenue that a lot of hotels used to make from selling breakfasts and through guests watching films has disappeared. Now people grab a Costa and download movies to their tablets. That revenue stream is now extremely flat.”
Mark underlined the commercial imperative further with the effect on valuations in the sector, advising that high on the hotels agenda right now was the broader financial benefit. For every £100,000 added to the bottom line through water and energy savings, £1 million-plus was added to the asset value.
Similarly, minimising water use in hotels without affecting guest satisfaction is a key concern as managements seek to address more directly the commercial benefits of reducing water consumption.
Hotel groups are balancing focus on carbon reduction with the better management of water usage in their properties.
“At a strategic level, water is very much on the agenda. We’re now seeing a lot less carbon targets and people who have missed their carbon targets – and are now saying ‘You know what, let’s focus on water’!
“When it comes to a number of the major (hotel) groups it’s not costs, it’s actually volume and consumption. I’ve seen a lot of these groups flip their carbon strategy into water consumption.”
You can read the full discussion on Mix Interiors.