When looking at any industry, it’s hard to ignore the fact that the pace of technology is moving faster than ever before. Consumers have way more transparency when making buying decisions and with the right information at their fingertips at all times, the hospitality industry is not immune to the imperative of creating a quality consumer experience.
What’s more, while many may not like putting generations into buckets, it’s also hard to ignore the fact that millennials (those born roughly between 1982 and 1996), are going to be the largest generation in the country’s history (at 83.1 million). Simple math tells us that the buying power at large is mainly in their hands. So – hotels and many industries alike need to focus on what influences them to make purchase decisions.
According to Forbes, millennials consider social responsibility and environmental friendliness when making their purchases, so brands have to rise to these significant expectations millennials have when it comes to spending their money. “They typically choose to either follow their own instincts or go along with their peers but have become rather wary of financial advice given by parents and professionals in the field. They also prefer personal connections with those who manage their money, who reflect their highly held values of trust, authenticity, and choice,” according to the article.
That said, the hospitality industry is also one known for producing exorbitant amounts of waste. From the excess food that is thrown out each year, to the overuse of plastics, water and energy – there are many brands in hospitality that are taking the right steps to becoming more sustainable. After all, if they don’t get on the green bandwagon, they risk losing the largest generation of buyers in history. In order to make more green, here are some of the tactics within the headlines of late that are being used to keep up with the sustainable practices to woo this generation, and those others to come.
Tapping into Tech for More Sustainability
Thanks to technology, hotels have been making strides to becoming more environmentally friendly without breaking the bank. For example, more LED lighting throughout their facilities with sensors can help keep costs down while reducing energy waste.