Hotel vagabond turns carbon-free with carbon credits
The luxury boutique hotel buys credits from electricity retailer iSwitch whose plan also results in 20% cost savings
Singapore
HOTEL vagabond, a luxury boutique hotel, has become the first hotel in Singapore to become carbon-free after purchasing carbon credits which offset carbon emissions produced in the process of generating electricity that the hotel uses for the next two years.
The United Nations-certified carbon credits were purchased from electricity retailer iSwitch, whose plan for the hotel also resulted in 20 per cent cost savings compared to the usual tariffs, said its director of marketing communications Valerie Loy.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
China Vanke posts another quarterly loss on sales drought
Miami office tower goes up for sale for more than US$500 million
WeWork cuts new restructuring deal that spurns Adam Neumann
Abu Dhabi builder plans US$6.8 billion luxury housing project
JTC to sell hospitality project being built in Punggol Digital District
Mapletree Logistics Trust posts 2.5% drop in Q4 DPU; manager warns of further headwinds