We are delighted to share with you our new report “Global accommodation: The road to net-zero emissions” today.
Decarbonization is a major challenge for the accommodation sector – in particular after the disastrous impact of COVID-19. To achieve net zero emissions until 2050, global accommodations will have to reduce emissions by 6 to 7 percent per year. This is the equivalent of eliminating all residential emissions in roughly 2.3 million households per year. The estimated total cost for the accommodation sector is 768 billion Euros.
In a groundbreaking report published today, Booking.com and EY Parthenon show for the first time in detail how to master this challenge, what it takes to achieve net zero emissions, and what all stakeholders in the accommodation sector can do to make this transition a success. Based on original primary research, the report presents transition pathways with concrete abatement measures, their associated costs, and opportunities for implementation without overburdening accommodations. The good news is that there is a wide range of measures that significantly reduce emissions and which can in principle be implemented profitably. They provide accommodations with a double dividend: they cut both emissions and operating costs.
Please find attached the highlights and key findings of the report. You can access the full report here. The executive summary can be found here in 16 languages.
We also warmly invite you to (virtually) join us when we discuss the insights of the report and the way forward for the accommodation sector with our distinguished panellists on November 10 at 4:30 pm (GMT) at COP26 in Glasgow. You can either join us at our venue or attend remotely by registering with the link provided below.
Panellists:
- Ripsy Bandourian, VP Global Accommodations Booking.com
- Bram Kuijpers, Partner at EY Parthenon (lead author of the study)
- Jaideep Bansal, CEO of Global Himalayan Expedition GHE
- Ufi Ibrahim, CEO at Energy & Environment Alliance
- Emma Dalton, UK Group General Manager at Dalata Hotel Group
In case you will join us on-site, we are looking forward to welcoming you at our venue in the Four Winds pavilion (Pacific Quay, Glasgow G51 1EA, UK) on November 10 at 4:30pm (GMT)!
