The relevance of business sustainability in the hotel industry

Abstract

Given the growing attention to business sustainability, this chapter examines the relevance and application of business sustainability for the hotel industry. There are five dimensions of sustainability performance useful to hotels: EGSEE (Economic, Governance, Social, Ethical and Environmental). Standardized sustainability reporting and assurance guidelines are needed to accurately, completely and reliably communicate EGSEE sustainability performance to all stakeholders. Publishing a sustainability performance report along with annual reports will bring benefits to the hotel companies and the EGSEE dimensions of sustainability performance reporting will ensure a more effective and useful report for all hotel stakeholders.

Publication Title

Sustainability in Hospitality: How Innovative Hotels are Transforming the Industry

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