Green Building Grows Rapidly in Hospitality Sector
Wednesday June 26th, 2013 - 9:25AM T
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
NEW YORK—Owners of hotel establishments are reporting growing levels of green building activity planned over the next two years, according to a new report released by McGraw Hill Construction in partnership with Waste Management, titled Green Retail and Hospitality SmartMarket Report: Capitalizing on the Growth in Green Building Investments.
The report is based on a study of 79 retail, 30 hotel and 22 restaurant owners conducted in 2013 by McGraw Hill Construction. The study defined a green building project as one built to LEED or another recognized green building standard, or one that is energy-efficient, water-efficient, and improves indoor air quality and/or engages in material resource conservation.
Hotel owners showed a substantial investment in green building—the percentage of those owners that have taken a green approach in over half of their building projects rose from 28% in 2011 to 48% in 2013, and is projected to rise to 64% by 2015.
“Green building has taken such hold in the industry that even sectors with unique challenges, such as retail and hospitality, are making stronger investments,” Harvey Bernstein, VP, Industry Insights and Alliances for McGraw Hill Construction, said in a statement.
Tags: • Hospitality • Sustainability •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.