Green Building Taking Off in Hospitality, Retail Industries

See on Scoop.itGreen Building Design – Architecture & Engineering

Green building is taking off in the hospitality and retail industries, […]  This year, retail owners that are building green for over half of their projects rose to 38%, up from just 18% in 2011. That’s expected to rise to 52% by 2015.

Duane Tilden‘s insight:

>”Green building has taken such hold in the industry that even sectors with unique challenges, such as retail and hospitality, are making stronger investments,” says Harvey Bernstein, vice president at McGraw Hill Construction. “Clearly the benefits that owners are reporting are key reasons for their green building investments, and as they find better ways to measure those impacts and quantify the value to their sales velocity and to the well-being of their staff, customers and guests, we expect even more rapid engagement in green.”

While lower operating costs are the most frequently reported reason for going green (66% of retailers, 73% of hotels), other factors are also considered very important in their decision-making process:

Utility rebates – Protecting/enhancing brand – just as important as costs for hotels

Improving ROI  […]Energy efficiency is still a key goal, recycling and waste management are also critically important. A strong majority say they require green practices from suppliers, especially on waste handling (75%). <

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