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Environmental, social, and governance (ESG) issues are increasingly prominent in the decision-making processes of investors, consumers, and employees. With societal and environmental issues at the top of the global agenda, the ESG movement has surged in popularity and more people than ever before are considering the wider implications of their choices.
International law firm CMS and leading global commercial real estate services company Cushman & Wakefield have today published the findings from the fourth edition of their joint report on the hotel investment scene in CEE: Getting Real about ESG in Hotel Real Estate.
In the face of growing climate change challenges, the sustainability paradigm is rapidly reshaping business strategies worldwide. With hotel operations accounting for about 1% of global carbon emissions and embedded carbon in hotel construction adding another estimated 2%, the shift towards sustainability becomes an essential path for the hospitality sector. Particularly in Asia, the hospitality sector finds itself at a unique crossroads, as Asia is both a hotspot for tourism and a region acutely vulnerable to the effects of global warming. As hotel real estate investments flourish in Asia, there s a significant opportunity for investors, developers, and other stakeholders lead the green transition by tapping into the potential of green financing.
Real estate investors, facing some volatile markets this year, may need to pivot their strategies. One possibility is investing in the hotel industry. Here’s why this might be helpful.