Aarkstore announces the publication of its Research Report “Sustainability in the Travel and Tourism Industry: Emerging Trends, Organizations Approach and Travelers Viewpoint” is the result of an extensive survey drawn from panel of leading global travel and tourism industry executives.

Summary

The majority of travel and tourism companies have already initiated sustainable practices. The focus on reducing costs and improving efficiency, and minimizing the carbon footprint, are encouraging organizations to implement sustainable practices. Travel and tourism companies state that sustainable measures and green initiatives are important for their business prospects, and aim to utilize sustainability to enhance brand awareness and increase their competitive advantage. Despite the high costs involved in implementing sustainability measures, sustainable practices reduce operational costs, decrease waste, and enhance worker productivity, which ultimately boosts the overall profit margin of travel and tourism companies. Travel and Tourism companies strongly agree that consumers would pay 10% more to stay at a green lodging facility.

Key Findings

- Improvement in efficiency and cost reductions are encouraging organizations to implement sustainable practices
- The majority of organizations have implemented energy-efficient lighting and the regular monitoring of electricity/gas/water consumption
- The highest percentage of executives forecast an increase in their organizations profitability with the implementation of sustainable practices.
- The survey results reveal that 47% of executives either strongly agree or agree to pay 10% more to stay at a green lodging facility.

In particular, it provides an in-depth analysis of the following:

- Key drivers of sustainable practices in organizations: analyzes key factors which are influencing organizations to implement sustainable practices
- Prominence of sustainable measures and green initiatives for future business activities: examines importance of sustainable measures and green initiatives for business prospects over the next two years
- Projected change in sustainability management budget: indicates how executives expect their organizations sustainability management budget to change over the next two years

Reasons to Buy

- The report provides information about potential impact of sustainable practices on organizations profitability. This will help organization to develop future business plans
- The report assists readers in making strategic decisions by understanding the significance of sustainable measures and green initiatives for business prospects over the next two years as highlighted by organizations
- The travel and tourism industry executives will be provided with level of implementation of green initiatives and sustainability practices
- The report highlights Impact of sustainability in traveler’s selection for hotels, transport and meals, and identifies traveler’s opinion about incurring additional cost for staying at a green lodging facility

Details are provided within the report: http://www.aarkstore.com/travel-tourism/111566/sustainability-in-the-travel-and-tourism-industry

Table of content

1 Introduction
2 Significance of green initiatives and sustainability practices
3 Budget allocation for sustainable practices and its impact on organizations profitability
4 Travelers view on selecting and spending on sustainable and green facilities
5 World’s top three sustainable hotel destinations
6 Appendix

More Related Reports @ http://www.aarkstore.com/travel-tourism

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