Impact of Technological Progress on Energy Consumption in the Hotel Industry in North-East Europe (Latvia)

The impact of technology on energy consumption in the hotel business is significant (Demir & Bahar, 2021). Technological advancements in the hotel industry have led to the development of energy-efficient systems and devices, such as smart thermostats, LED lighting, and occupancy sensors (Toscano et al., 2019). These technologies allow hotels to better monitor and control their energy usage, leading to reduced energy consumption and lower operational costs. By implementing these energy-efficient technologies, hotels can not only reduce their carbon footprint but also improve their overall sustainability and attract environmentally conscious guests. Additionally, technology has also enabled hotels to collect and analyze data on energy usage, allowing them to identify areas of high consumption and implement targeted strategies for energy optimization. Furthermore, technology has also enhanced guest experiences by allowing guests to have better control over their room’s energy usage through features like smart room controls and mobile apps. These technological advancements not only benefit the environment but also contribute to cost savings for hotels. The integration of energy-saving technology in hotels has been proven to be beneficial not only for the environment but also for the financial sustainability of hotel businesses. By implementing energy-efficient technologies, hotels can reduce their operational costs and minimize their environmental impact (Wang, 2016). In conclusion, technology plays a crucial role in reducing energy consumption in the hotel business (Toscano et al., 2019).