Yoong, Kimberly, and Adrian Flück. "ESG in Hotel Real Estate: Understanding ESG & the Hotel Asset Lifecycle". EHL Insights. Accessed December 27, 2021. https://hospitalityinsights.ehl.edu/...
This article explores ESG – environmental, social and (corporate) governance – in the hotel sector by examining the ESG factors in hospitality and reviewing the role of ESG in a hotel’s life cycle. While environmental needs are the most pressing and environmental efforts are more measurable, social and governance factors must also be considered for ESG compliance. ESG is thought to require higher cost premiums, where investors expect to receive a premium upon the sale of ESG-compliant assets. ESG also plays a crucial role throughout the asset's life cycle, where developers, lenders, operators and investors are involved along a hotel’s value chain.
Posted on 27/12/21
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