The Sustainable Development of Hotel Business: A Prediction Based on Sustainable Entrepreneurship and Energy Management

Abstract

On the grounds that sustainable development and entrepreneurship are effective approaches to ensuring the future development of the whole community, several research streams spanning the nexus of sustainable entrepreneurship and sustainable development focus explicitly on environmental sustainability and energy efficiency. This study aims to confirm that small and medium hotel entrepreneurs in Bangkok, Thailand, play critical roles in sustainable entrepreneurship and energy-efficient management, highlighting the benefits of embracing sustainable development. The author utilized exploratory factor analysis and multiple regression analysis to scrutinize significant aspects of sustainable contributions, perspectives on energy management, and the extensive advantages of sustainable development for hotels, while also establishing a correlation between these variables. The results showed a positive relationship between these variables, which contributes to developing a model of sustainable development prediction based on sustainable entrepreneurship and energy management. Ultimately, the model would motivate hotel entrepreneurs to move ahead with putting sustainable management policies and operations into effect, particularly those relating to energy efficiency, as it allows the hotels to save on costs and demonstrates a public commitment to environmental stewardship.