Net Zero Strategies in Lodging – Strategic Intelligence
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Net Zero Strategies in Lodging Strategic Report Overview
By adopting a net zero strategy, lodging companies can protect their business against regulations like emissions pricing and fossil fuel phase-outs. This strategy can also help them meet the expectations of environmentally conscious consumers. Most major lodging companies have set both interim and long-term emissions targets.
The “Net Zero Strategies in Lodging” strategic intelligence report gives you an in-depth insight into the net zero targets and performance of lodging companies. The report discusses the progress made by the leading companies to achieve the emission target. These detailed analyses are critical in developing effective business plans to gain a competitive edge.
A Typical Net Zero Strategy
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| Net Zero Strategies | · Green Buildings
· Reducing Single-Use Plastics and Food Waste · Climate Adaptation and Water Management |
| Leading Companies | · Marriott
· Hilton · IHG Hotels and Resorts · Hyatt · Minor Hotels |
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Net Zero Strategy - Green Buildings
Green buildings are designed, constructed, and operated with a focus on minimizing environmental impact. They incorporate sustainable practices that enhance energy efficiency, reduce waste, and use renewable resources. Keeping such practices in mind, lodging companies are incorporating ways that enhance the energy efficiency of their buildings. Sustainability leaders are also installing on-site renewables, heat pumps, and electric vehicle (EV) charging points. Emissions from construction are also being targeted over the longer term, largely through sourcing building materials with lower emissions.
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Net Zero Strategy – Reducing Single-Use Plastics and Food Waste
Managing food waste can reduce Scope 3 emissions by reducing the amount of food purchased and the amount sent to landfill. Companies are scrutinizing their consumption of single-use plastics and assessing the amount of food wasted to cut emissions. A few companies are working to reduce their plastic use by switching from plastic to paper and implementing refillable stations.
Packaging’s impact on the environment matters to consumers. Paper and board packaging is highly recyclable and biodegradable, while glass and aluminum packaging materials are infinitely recyclable but not biodegradable.
Environmental Impacts of Different Packaging Materials
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Net Zero Strategy - Climate Adaptation and Water Management
Hotel companies are increasingly implementing strategies to adapt to climate change. These include investing in water-saving technologies and incorporating climate-resilient design features into their properties. By addressing these issues, hotel companies can reduce their environmental impact and improve resilience to climate risks.
For example, in 2023, HG partnered with a global hygiene and cleaning solutions company that focuses on improving sustainability by reducing water and energy consumption in linen washing, such as shorter cycles and lower temperatures. The supplier also uses organic acids instead of caustic chemicals, which extends the lifespan of linens and minimizes waste.
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Lodging Sector - Net Zero Strategies of Leading Companies
A few lodging industry leaders practicing net zero strategies are Marriott, Hilton, IHG Hotels and Resorts, Hyatt, and Minor Hotels, among others. The first step to achieving net zero is setting emissions targets. Companies can ensure their targets are ambitious enough by getting them verified by the Science-based Targets Initiative (SBTi).
Net Zero Strategies in the Lodging Market Analysis by Companies
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Scope
- This thematic brief identifies the companies most likely to succeed in a world filled with disruptive threats.
- The report predicts how each theme will evolve and identifies the leading and disrupting companies.
- This report covers the ESG – Environmental theme.
Reasons to Buy
- Get an overview of the emissions emanating from the lodging industry.
- Identify the strategies lodging companies adopt to reduce carbon emissions and achieve net zero targets.
- Analyze key energy transition technologies that lodging companies can deploy as part of their roadmap to a greener future.
- Gain in-depth insight into several case studies that will illustrate how some lodging companies are already tackling their emissions.
Hilton Worldwide Holdings
Hyatt Hotels
InterContinental Hotel Group
Choice Hotels
Minor Hotels
Accor
Melia
Whitbread
OYO Rooms
Four Season
Mandarin Oriental
Best Western
Wyndham Hotels and Resorts
Radisson Hotel Group
Travelodge Hotels
Huazhu Group
Shanghai Jin Jiang
Winnow.
Table of Contents
Frequently asked questions
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What are the net zero strategies implemented in the lodging sector?
Green buildings, reducing single-use plastics and food waste, and climate adaptation and water management are the net zero strategies implemented in the lodging sector.
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How are net zero strategies beneficial to lodging companies?
By adopting a net zero strategy, lodging companies can protect their business against regulations like emissions pricing and fossil fuel phase-outs. This strategy can also help them meet the expectations of environmentally conscious consumers.
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How can green buildings help implement the net zero strategy?
Green buildings are designed, constructed, and operated with a focus on minimizing environmental impact. They incorporate sustainable practices that enhance energy efficiency, reduce waste, and use renewable resources.
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How are hotel companies implementing strategies to adapt to climate change?
Hotel companies are increasingly implementing strategies to adapt to climate change. These include investing in water-saving technologies and incorporating climate-resilient design features into their properties.
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