Chief financial officer (CFO) of The Hotel Collection said the group expects to save £360,000 a year after investing a significant amount in energy and water efficiency projects across its 21 UK hotels.
Paul Nisbett, CFO, worked with SaveMoneyCutCarbon to indentify 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 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 every year, while saving significant amounts of carbon to help meet UK carbon reduction targets.
SaveMoneyCutCarbon works with hotels and other businesses to identify and implement simple measures to cut bills by becoming more energy efficient. It offers a one-stop solution that includes everything from energy auditing, project management and financial modelling, to technology procurement and product installation.
Mark Sait, CEO, SaveMoneyCutCarbon, said: “It makes good business sense to invest in energy efficiency at a time when energy bills keep going up, and our work with The Hotel Collection shows how relatively small investments can quickly generate big savings.
“Most hotels tell us they have already got their house in order when it comes to resource efficiency, but we usually find there is still more that can be done. Heating, cooling, ventilation, lighting and hot water account for 80 per cent of the money commercial businesses spend on energy, and in our experience most can make significant savings in all these areas.”