In the past year, the cost of gasoline has skyrocketed. Current predictions are that the prices will continue to rise. As one might expect, the cost of crude oil has a direct effect on the cost of all other forms of energy, such as electricity, natural gas, propane and fuel oil. All of this information indicates that hotel managers can possibly expect up to a 25% cost increase in most of the energy they use to run their hotel by the end of the year. The increased cost of energy, therefore, changes the economics of investing capital in energy saving projects. Projects that had a two to four-year return on investment would likely be reduced to a one to three-year return on investment. Under these circumstances, capital projects can be financed and pay for their cost out of the savings, while still providing cash flow to the owner/operator of the hotel. This article provides suggestions and ideas for hotel managers on how to take advantage of the high cost of energy problem.

Price: Free