Cost Percentage of Waste Management to Overall Costs in Hospitality Industry

Cost Percentage of Waste Management to Overall Costs in Hospitality Industry

Rajainder Singh

Research Scholar, Turiba University, Riga, Latvia

Productionme2008@gmail.com

Abstract:

For any business start up this a key part that how to manage finances and what are the initial set up costs and legal documents and procedures for that start up. Every hotel generates a big volume of waste annually so during the Hotel business start up planning it’s a very important factor that how the hotel will manage the waste generated from hotel and guests and what will be initial set up cost for waste management system and what are the monthly or annual cost to run the waste management system ideally. Hotel waste management is an essential part of running a successful hotel. Waste is not only expensive to have collected, but also represents a waste of valuable resources and supplies which were paid for in the first place. Hospitality businesses can take some simple actions to minimize their costs by preventing waste and correctly segregating what goes into bins.As staff manages waste every day, they are best placed to identify improved waste management measures so make sure to engage with them and train them for optimize the waste management system.

Keywords

Hospitality waste management, Hospitality industry, Waste mitigation strategies, Waste generation, Waste management cost, Waste management start up cost, Waste management impact on environment.