Utility Audits for Hotels
Running a hotel consists of many different moving parts and a lot of money invested into your utilities. With gas and electric bills adding up to thousands of dollars every month, it’s crucial to have confidence in accurate and timely payments.
At UtiliSave, we’re committed to providing your organization with unrivaled insight into your operations. We’ve conducted data-optimized audits for over 30 years, helping our clients save hundreds of millions of dollars.
What Is a Hotel Utility Audit?
Your utility bills and data can become complex quickly, especially since your guests determine usage costs. Conducting utility audits enhances your bill oversight to save as much money as possible. It’s a detailed process of searching utility bills and invoices for errors, mistakes and discrepancies. At the most basic level, this activity strives to ensure you’re paying the lowest prices possible.
While businesses can sometimes do this in-house, they may not always have all the information they need to make sense of the data they’re looking at. Instead, trusted auditors will analyze your gas, electric, water and sewer bills to determine utility rates, meter readings, growth trends and even tax exemptions. This exploration can take a couple of weeks but can often result in significant savings and areas ripe for improvement.
Advantages of Utility Cost Recovery
The benefits of utility audits for hotels come in all shapes and sizes. Here are some of the most popular:
- Continuous monitoring: Most auditing organizations will provide ongoing monitoring over all your accounts to simplify your process and offer the peace of mind you deserve.
- Fewer errors: Conducting audits before payments can shed light on even the smallest historical billing mistakes, allowing you to make timely adjustments or acquire refunds from your utility company.
- Correct rate schedules: Your auditor will compare your current rate schedule to those offered by your utility company to find the most cost-effective solution for your specific energy needs.
- Efficiency: Utility audits allow you to identify operational inefficiencies and begin to truly understand where the value you’re creating is.
What Is a Hotel Utility Audit?
Your utility bills and data can become complex quickly, especially since your guests determine usage costs. Conducting utility audits enhances your bill oversight to save as much money as possible. It’s a detailed process of searching utility bills and invoices for errors, mistakes and discrepancies. At the most basic level, this activity strives to ensure you’re paying the lowest prices possible.
While businesses can sometimes do this in-house, they may not always have all the information they need to make sense of the data they’re looking at. Instead, trusted auditors will analyze your gas, electric, water and sewer bills to determine utility rates, meter readings, growth trends and even tax exemptions. This exploration can take a couple of weeks but can often result in significant savings and areas ripe for improvement.
UtiliSave Is a Premier Provider Ready to Help
UtiliSave is a premier utility auditing provider supplying data-driven services for various organization types, including hotels. We offer clients a completely risk-free guarantee — we’ll never take a dime unless we find you savings. We’re known for producing exceptional results with a 94% success rate in reducing utility costs up to 10% within 18 months of being on the job.
Our experienced and thorough auditors, who are dedicated to helping you succeed, are the ones who make this impressive track record possible. We leverage $10 million of advanced technology to analyze sophisticated data, and our combination of tools and expertise enables us to efficiently search through at least six years of information and deliver unrivaled savings.
Contact Us to Learn More About Utility Bill Audits for Hotels
Partner with UtiliSave to conduct utility bill audits for your hotel and create more transparency over your operations. Utility auditing is what we do best, and we follow a systematic process to ensure we find every last cent possible.
Fill out our online contact form to learn more about our hotel utility audits today.
