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What does Budget 2020 mean to your Hospitality business?

 

The Irish Government’s Budget 2020 was released last Tuesday, so it is not surprising that this week we are all trying to analyse what it means for us, and for our business.

The new Carbon Tax implications will affect not only individuals, but also businesses, in terms of the Gas & Oil they require to run their operations. For the Hospitality sector, oil & gas consumption can be a huge cost, and it is only going to get worse.

Maurice Bergin, founder and CEO of The Green Hospitality Programme is estimating a price hike of between 2.5 to 3.5% on your current cost of Oil or Gas. For a hotel, where their current Oil bill could be up to €100,000 annually, this could mean an extra €3,000 increase on their annual bill.

Sadly, there is a small minority of Hotels taking the right steps to reduce their Energy consumption and their Energy costs. The general perception is that running a Greener business is going to cost you a lot of money, but this is far from the truth. Reducing your Energy co...

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