How can we achieve Net Zero Carbon in global hotel real estate?
What are the potential impacts on value if hotel real estate owners and investors do not adopt a Net Zero Carbon strategy for their assets?
COVID-19 has had a profound impact on the global hospitality sector, which remains uncertain despite green shoots of recovery starting to emerge. Sustainability is front of mind for owners, investors and lenders in the hospitality sector as they review how to respond to the growing demands in the real estate industry for a post-pandemic world.
From a sustainability perspective the hotels and hospitality sector is at a watershed moment and if timed right transitioning towards Net Zero Carbon should help to maintain real estate values or enhance value but “doing nothing” could result in a stranded asset in a complex future.
Following on from JLL’s recent Global ESG & Net Zero Carbon valuation insight papers on Office and Retail, this paper focuses on NZC challenges and opportunities for the Hotels and Hospitality sector and how ESG strategies could impact values in the future.