Situ releases whitepaper on the Impact of rising energy charges in the business accommodation sector

77% of all extended stay accommodation operators replying to a Situ survey say they are putting in place awareness programmes to encourage guests to be mindful and efficient with energy usage

Based on recent research with accommodation partners across their global supply chain, the serviced accommodation agency Situ has released a white paper on the impact of rising energy costs on the extended stay accommodation sector

In response to a survey, 75% of accommodation partners stated that they are at risk of having to increase rates, with the estimated rise being between 10% and 25%. Rate increases are the preferred method for 70% rather than a possible energy surcharge

When asked about creative and collaborative ways to tackle the challenge, suggestions included the collective negotiation of rates with energy providers; seeking support from the government in terms of VAT reductions; tax breaks; energy caps for businesses of all sizes; and overall clarity on the way forward

Phil Stapleton, MD of Situ, says, “Although increased accommodation costs are a possibility in 2023, Situ is furthering our commitment to our operations both through sustainable & costcontrolled programmes throughout this year and into the future ”

The survey also revealed other impacts that accommodation operators are dealing with. Top of the list was lack of labour and resources, as cited by 50% of respondents; while 32% said that assisting staff with the cost of living was affecting their business.