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Sustainability in the Travel and Tourism Industry: Emerging Trends, Organizations Approach and Travelers Viewpoint

Sustainability in the Travel and Tourism Industry: Emerging Trends, Organizations Approach and Travelers Viewpoint

  • June 2016
  • 36 pages
  • ID: 2875030
In this report:
Regular monitoring of electricity/gas/water consumption (##%) Use of energy-efficient lighting (##%) Educating guests to become energy-efficient (##%) Use of environmentally safe cleaning products (##%)
Regular monitoring of electricity/gas/water consumption (##%) Use of energy-efficient lighting (##%) Procuring seafood from certified sustainable sources (##%) Use of recycled goods (##%)

Summary

Table of Contents

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Brief

The majority of travel and tourism companies have already initiated sustainable practices. The focus on reducing costs and improving efficiency, and minimizing the carbon footprint, are encouraging organizations to implement sustainable practices. Travel and tourism companies state that sustainable measures and green initiatives are decisive for their business prospects, and aim to utilize sustainability to enhance brand awareness and increase their ambitious advantage. Despite the high costs involved in implementing sustainability measures, sustainable practices reduce operational costs, decrease waste, and enhance worker productivity, which ultimately boosts the global profit margin of travel and tourism companies. Travel and tourism companies strongly agree that consumers would pay 10.0 percent more to stay at a green lodging facility.

Main highlights

- Improvement in efficiency and cost reductions are encouraging organizations to implement sustainable practices

- The majority of organizations have implemented energy-efficient lighting and the regular monitoring of electricity/gas/water consumption

- The more important percentage of executives forecast an increase in their organization's profitability with the implementation of sustainable practices.

- The survey results reveal that 47.0 percent of executives either strongly agree or agree to pay 10.0 percent more to stay at a green lodging facility.

Abstract

This study is the product of an comprehensive survey drawn from Canadean's exclusive panel of leading overall travel and tourism industry executives. The study examines the current status of sustainable practices, and organizations views about significance of sustainable measures and green initiatives for business prospects over the next two years. The analysis also highlights crucial factors influencing implementation of sustainable practices in organizations and examines thinkable impact of sustainable practices on organization's profitability. Additionally, the market research indicates main barriers towards implementation of sustainability measures and identifies preferred sustainable hotel destinations globally.

In unique, it offers an detailed analysis of the following:

- Key drivers of sustainable practices in organizations: analyzes main factors which are influencing organizations to implement sustainable practices

- Significant challenges towards implementing sustainability measures: determines principal barriers faced by organizations towards implementation of sustainability measures

- Impact of sustainability in travelers selection for hotels, transport and meals: examines how often do travelers consider sustainability while choosing hotels, transport and meals

- Travelers viewpoint about additional expenditure incurred: examines Travelers opinion about incurring additional cost for staying at a green lodging facility

- World's best sustainable hotel destinations: identifies globally preferred sustainable hotel destinations

Great reasons to purchase

- The industry report offers info about plausible impact of sustainable practices on organization's profitability. This will help organization to expand future business plans

- The study assists readers in making tactical decisions by understanding the significance of sustainable measures and green initiatives for business prospects over the next two years as highlighted by organizations

- The travel and tourism industry executives will be provided with level of implementation of green initiatives and sustainability practices

- The analysis features Impact of sustainability in travelers selection for hotels, transport and meals, and identifies travelers opinion about incurring additional cost for staying at a green lodging facility

- The market research benefits industry executives to redesign business strategy by providing information about expected change in sustainability management budget over the next two years and main barriers faced by organizations towards implementation of sustainability measures

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