In May 2021, IHG Hotels & Resorts co-authored a whitepaper revealing how the hotel industry can tackle the net-zero carbon challenge. This was in collaboration with international property consultancy Gleeds, global engineering and design consultancy Arup and energy management and automation specialist Schneider Electric.
Entitled 'Transforming Existing Hotels to Net Zero Carbon', the team adopted a real-life case study to evaluate the opportunities available to decarbonise existing hotels and drive operational energy to net-zero carbon. With energy consumption typically accounting for as much as 60 percent of a hotel's emissions, the paper discussed a range of interventions, the initial cost against the potential long-term savings, to develop a methodology that could be applied industry-wide.
Since its release, the whitepaper has been revised to consider new scenarios using the most recently published BEIS data on energy prices in the public domain. In addition, financial model assumptions and the approach to CAPEX, calculations and the accrual of energy/carbon savings due to multiple interventions have been updated. Since its first publication, reference has also been made to the substantial developments in the broader decarbonisation landscape. See page 55.
Click here to download and read the paper in full.
