Hotel Properties
The Challenge and the Opportunity
There are over 52,000 hotels in the United States. With energy costs on the rise, an inefficient hotel is at a competitive disadvantage when obsolete lighting is consuming an industry average 23% of electrical costs.
Hotel profitability in 2014 averaged just 11.8% meaning that a lighting retrofit that can reduce energy use while maintaining the quality of light you demand to highlight your hotel can make a meaningful impact on your profits.
In the example to the right, a hotel with an industry average of $1.05/ sq. ft. total electrical cost (23% attributed to lighting), conducts a lighting retrofit that results in a 60% reduction in lighting costs. That savings could translate to a 5.58% increase in profitability.
Fixtures
