Sustainability in hospitality

Published on July 31, 2024   17 min
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0:00
Hello and welcome to this session on "Sustainability in Hospitality". I'm Johanna Wagner, I'm an entrepreneur as well as a sustainability advisor, lecturer and published author. I founded Upside Up and Join EDuC, two companies that are mission-driven and help push the sustainability agenda in hospitality and higher education.
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Why are we talking about sustainability today? Our hotel operations are evolving in an ever changing environment. This environment has been strongly influenced by a sustainability agenda by many of our stakeholders. To start with, we are operating our hotel in a legal framework that keeps putting more pressure on the actions and the reporting about our actions that we are undertaking on sustainability. A second major trend has to do with our investors. Financial institutions are expecting more and more transparency about environmental, social and governance practices by their investees. This is directly influencing hospitality professionals. As hospitality professionals we are operating our properties in a society that is becoming more and more aware of the environmental and social challenges that we are facing and that the next generations may face in the future. This is also translated into the practices of our suppliers whether for food or materials and equipment. Our suppliers are themselves moving towards new practices that are taking better care of our planet and they are looking for partners to work with who are sharing these practices and these values. Last but not least, hospitality is part of the broader tourism and travel industry, which itself is being influenced by all of these different trends, or are expecting new services, new offers and new experiences when they are traveling. They are also changing the way they are traveling and the transportations they are ready to use to go to their vacation or business destination. Last but not least, it's important to remember that we are operating our hotels in an environment that is to say our planet that has limited resources. These limited resources need us to be more mindful about the way we are making business decisions.