The recent energy crisis has impacted nearly every facet of the economy and industry worldwide. Costs have risen on everything from food to electronics to gas, and the hospitality industry, in particular, has borne the brunt of the impact.
The hospitality industry was already suffering from the COVID-19 pandemic, which shut down many establishments. And just as the industry regained footing, it was hit by the recent issue. So what is the energy crisis, and what can be done about it? Keep reading to find out!
The problem is a broad and complex topic; most people do not feel connected to unless they see the impact firsthand. If you work in the hospitality industry, however, you are undoubtedly aware of the effects of the energy crisis firsthand.
So what is considered an energy crisis? Generally speaking, it’s defined as a significant bottleneck in the supply of energy resources to an economy. Regardless of how big the issue is, it is important to remember that you cannot have growing demands on limited resources without eventually running out of those resources.
Regardless of the cause or causes, the fact of the matter is that the global crisis is hurting not only our economy on a large scale but our livelihoods on a small one.
How Is The Energy Crisis Affecting The Hospitality Industry?
The issues are having a major impact on the hospitality industry. Right now, establishments across the industry are looking at the cost of their utilities tripling this year, with possible further increases over the next twelve months. Meanwhile, both owners and directors are seeing the prices guests need to pay increase by about fifty percent.
The problems described above are only a fraction of the stories about the current issues and how they negatively affect the hospitality business. To offset these rising costs, some establishments have been forced to make less competitive offers to customers. In this way, they are forced to pass some of the burdens on to the customers, which can make customers look elsewhere for services or make new plans.
What Are Some Potential Solutions To The Energy Crisis?
This didn’t become a problem overnight, so it is not going to be solved overnight, either. The best thing that hospitality business owners can do is try to find places where they can make changes that will reduce their energy costs. This must be done carefully, however, so that the customers do not feel the impact of any changes.
Here are some ideas for ways that those working in hospitality can fight back against the energy crisis:
Purchase energy more competitively – Finding a trustworthy energy supplier can allow hospitality owners to find better and more manageable rates.
Limit the amount of energy coming into the establishment – Find Areas in your establishment that are using up large amounts of energy and find ways to optimise their usage
Measure the amount of energy being used and take action to reduce it – There are many ways to determine the amount of energy being used in your establishment, and new technological advancements mean it’s easier than ever to reduce the amount of energy used. For example, you can:
- Install a ventilation and extraction system in the kitchen.
- Using LED lights can save you 90% of energy compared to a halogen lamp
- Use potted plants fitted with moisture strips, fans and filters to purify indoor air.
- Install living green walls or vertical gardens, which naturally purify the air and create a cooler temperature during the summer.
We hope you enjoyed this blog post about the energy crisis and its effect on the hospitality industry and that the information is useful to you. Feel free to share any tips you have for energy management with us! Alternatively, to keep up with industry news and for more informational articles, follow this link!