Sustainable management examines the delicate approach of balancing the separate needs of environmental sustainability, economic sustainability and social sustainability. We live in a world of finite resources. The issue of global warming and energy prices has placed a large emphasis on the understanding and recognition of these issues.
The hospitality industry is slow to follow other businesses in being “green” and having a “carbon neutral” status. Benefits from going “green” are a differentiated profile. By using energy more carefully and looking at alternative energy sources or energy reduction schemes, the organisation is helping the environment and also gives it a competitive edge by reducing costs and increasing customer appeal.