Water Market Changes Benefit Hotel Industry
In three months’ time, the English Water Market is opening and it is becoming apparent that some companies are already making changes to the way that they procure their water supply.
Luxury hotel group Malmaison and Hotel du Vin has already signed a ground-breaking contract with Anglian Water Business (AWB) to supply water to all of its UK properties, ahead of next year’s water retail market reform.
In Scotland, where the water market opened some time ago, over 130,000 commercial customers are already enjoying the benefits of being able to shop around for water. There, over 50% of companies have renegotiated with their water supplier and many have already switched.
Malmaison and Hotel du Vin’s hotels across the UK as part of the deal, which is expected to result in more than £75,000 of savings for the hospitality company when the market reform is implemented in April 2017.
Finance Director for Malmaison and Hotel du Vin Gary Hall said: “The utility market in the UK, and water services, in particular, has historically proven to be a difficult sector in which to gain economies of scale through multi-site contracts. Our partnership with Anglian Water Business allows us to benefit not only from an improved financial position but streamlines the administrative burden needed to manage the disparate accounts.”
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