The hospitality industry is all about comfort. However, that comfort comes at a cost and it is becoming increasingly difficult to maintain profits – never mind grow them – in this highly competitive marketplace.
In 2016 the Canadian hospitality industry generated an 8.6 percent profit on $15.3 billion in revenue. However, slow economic growth and stiff competition has had an impact on the industry, keeping profit margins razor-thin. In fact, profits are expected to decrease slightly to 8.3% of revenue by 2021, according to industry consultant IBISWorld. Keeping a tight rein on costs is paramount, and a large part of hospitality industry expense is energy. Improving energy efficiency requires periodic building retrofits and upgrades. In an effort to cut expenses and improve profitability the hospitality industry – like many other industries – is turning to energy-efficient technologies as a sound business practice. Energy consumption, in many cases, can be optimized by using solutions based on hardware, software, and services through an integrated view into a hotel’s energy performance. There are a range of building envelope options and technologies available that the hospitality industry can employ to become more energy efficient.
This eBook examines the elements that comprise the building envelope and how they can affect hotel efficiency and operations, return – on – investment (ROI), and profitability. It will also recommend diagnostic courses of action and effective solutions to optimize building envelope performance for peak energy efficiency with the goal to reduce expense, increase building life, and improve the overall guest experience.
THE BUILDING ENVELOPE: WHAT IS IT & WHY IS IT IMPORTANT?
The building envelope – the parts of a building that form the primary thermal barrier between interior and exterior – plays a key role in determining how much… CLICK DOWNLOAD THE EBOOK AND CONTINUE READING.