The programme was developed through discussion with over 40 senior hospitality leaders, who emphasised the role of Covid and recent energy price spikes, alongside the new IFRS Sustainability Disclosure Standards, in providing both an impetus and an opportunity to accelerate progress on environmental measures.
According to the Urban Land Institute, hotels and lodging are the least energy and water-efficient buildings in commercial use.
The research conducted by the Energy and Environment Alliance and King’s Business School to develop their new education programme highlighted the scale and complexity of the task leaders face in developing a plan to reduce reliance on fossil fuels.
Ufi Ibrahim, chief executive of the EEA said: “It’s inevitable that energy use and energy costs are much higher on the agenda given recent price increases. But COVID also played a part.
“Many hotels had zero occupancy, yet found they were still needing up to 60% of their usual energy consumption just to prevent issues with damp and to maintain hygiene.
“The majority of investors in the sector believe that at least half of the measures needed to improve energy performance will involve capital expenditure.
“Taking the necessary steps may mean accessing new forms of green finance and there is a need for education if they are going to do so successfully.”
Giana Eckhardt, vice dean for engagement and executive education at King’s Business School, added: “It’s exciting to be offering a programme for a sector that has such a significant global impact and such a compelling and immediate opportunity for change.
“We are proud to work with the EEA to provide a programme that will forge a network of engaged, proactive industry leaders with the knowledge, connections and ambition to drive sustainable business practices forward across the sector.”