Surviving the Surge: Recent Rise in Energy Rates Calls for Operators to Marshal Their Resources
From both cost savings and sustainability perspectives, energy management has long been a key initiative for hoteliers. But with the rise in utility prices last year, optimizing energy efficiency has become an even higher priority among owners and operators. According to CBRE’s monthly P&L survey, hoteliers’ utility expenses in December 2022 increased by 21.5 percent on a dollar per available room basis over December 2021, which is partly due to increased occupancy, but also to […]
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