Carbon Neutral for Napier & Blakeley
We are delighted to announce that the businesses’ global greenhouse gas emissions have been measured and offset, and we can now proudly consider ourselves as a carbon neutral organisation.
We partnered with highly respected Australian company Carbon Neutral to undertake the measuring process and having taken steps to firstly reduce our emissions, the remaining unavoidable footprint has been offset with the purchase of over 500 tonnes of carbon offsets.
The offsetting process occurs through carbon sequestration – a project involving the reforestation of non-productive farmland in Australia. The replanting of mixed native Australian tree species not only helps in capturing carbon dioxide emissions but also aids in re-establishing habitats for native wildlife. Continue reading
Hotel sector is on the way to recovery – APJ
AS COVID lockdown concerns amongst travellers ease, the hotel sector is well on the way to recovery, outstripping projections.
According to Napier & Blakeley’s director Ian Gardner, who was speaking at an ESG panel discussion at the HICAP ANZ conference, the past couple of years has forced the sector to innovate and act quickly, diversifying offerings and income streams associated with hotel properties.
Although the conference noted that occupancy across Asia Pacific varies due to slow changes to government setting in some countries, elsewhere occupancy continues on its path back to 2019 levels with all major markets above 83% of 2019 levels, including North America, Central America, South America, Australia, Europe, Africa and Middle East.
At the same time, more than 50% of global markets were at peak Revenue per available room (RevPAR) compared to a 2019 baseline, and the higher average daily rate (ADR) is offsetting the reduced occupancy.
Gardner said industry indications are that hotel investment is also strong but margins are currently compressed. Continue reading
