User talk:Binnyseb

Binny Sebastian

All About Sustainable Business Practice in Hotel Industry.

The hospitality industry is gradually becoming the single greatest example of why running a sustainable business will be crucial for long-term success. Sustainability is increasingly becoming one of the most relevant issues to hoteliers in and beyond the 21st century as costs continue to rise, demand becomes increasingly sensitive and the pressure on being economically, socially and environmentally responsible grows.

As the Hotels are highly dependent on successful financial performance from continuous demand and minimal costs for survival. Sustainable practices can appear altruistic to the guest, shedding positive light on a hotel. Furthermore, when applied correctly, they are generally cost effective with short periods of payback. Hotels implementing such measures are therefore financially sound investments as costs are recovered in a comparatively short time while long-term savings are great. So why haven't most hotels/Resorts/Villas in Caribbean in particular, been motivated to benefit from such measures?

There are many benefits with sustainable business practices. Implemented to whatever degree desired, these practices make great financial differences.


 * Cost saving through cost-reduction measures; * Greater long-term financial stability; * Greater attractiveness to lenders; * Easier financing because of lower long-term risk; * Long-term ability to stay in business and be profitable;

In addition, positive PR created by marketing, recognition and awards can increase demand or even make new markets available to hotels/Resorts/Villas. One potential future market may be the very one that demands sustainable practices in a vocal way.

Hotels are not destinations as such. On the contrary, tourists stay at a hotel/Resort/Private Villa because it is proximate to what they wish to experience and it satisfies their lodging and personal requirements. Hoteliers are therefore accountable for responsible business practices because their continued existence is reliant on their environment. Hoteliers are coming to understand that only by preserving what is around them, in essence what is the reason for and source of their profit, can they truly preserve their business.

As more and more Villas in the Caribbean are getting converted into Rental properties it is important that the Sustainability should be kept in mind always. Think of those clear ecofriendly islands and beaches think about the future generation and ask your self will the Vacation in the Caribbean, weddings, honeymoon, reunion, Villa rentals, beach vacation will be the same.

Binnyseb (talk) 20:49, 14 November 2008 (UTC)