HONEYWELL LAUNCHES INNCOM DIRECT TO HELP MID-MARKET HOTELS REDUCE THEIR CARBON FOOTPRINT
Rhea-AI Summary
Honeywell (NASDAQ: HON) has launched INNCOM Direct, an energy management system designed for mid-market hotels. This cloud-based solution uses automation to improve energy efficiency, particularly in managing HVAC systems during periods of room vacancy. The system can autonomously adjust temperatures in empty spaces without affecting guest comfort, potentially addressing the 30% vacancy rate in U.S. hotel rooms.
INNCOM Direct extends Honeywell's previously high-end hotel technology to the mid-market segment, offering quick setup and portfolio analytics accessible via mobile devices or dashboards. The launch aligns with Honeywell's focus on automation and energy transition megatrends, providing an affordable option for hotels to reduce their carbon footprint and operational costs.
Positive
- Launch of INNCOM Direct expands Honeywell's market reach to mid-market hotels
- Potential for significant energy savings in hotel HVAC systems, which can consume up to 25% of power bills
- Cloud-based system offers portfolio-wide analytics and mobile accessibility
- Aligns with growing demand for energy efficiency and carbon footprint reduction in the hospitality industry
Negative
- None.
News Market Reaction – HON
In the trading session that priced this news, HON gained 0.44%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Intuitive energy management system helps hotels monitor energy consumption across properties and automate energy efficiencies
Throughout 2024 there could be more than
"As hotels become more carbon-conscious, they are taking meaningful steps to show they care about their impact on the environment," said Billal Hammoud, president and chief executive officer of Honeywell Building Automation. "Until now, mid-market hotels faced fewer options when it came to better managing their HVAC systems with automation. Now, INNCOM Direct is leveling the playing field with an affordable, cloud-based energy management system."
The INNCOM technology was previously only accessible to high-end hotel operators. Now, this combination of hardware, software and cloud monitoring provides mid-market, also known as limited-service, hotels with quick setup and portfolio analytics that can be accessed from mobile devices or a dashboard and can be used either on a single property or across an entire portfolio.
Since empty rooms and common areas do not need the same level of heating or cooling, INNCOM Direct uses a proprietary detection system to identify empty spaces and autonomously adjust the temperature without impacting consumer comfort. Similarly, unrented guest rooms can be set to a specific setting that can be heated or cooled to a more comfortable temperature once a guest checks in. If a guest leaves a room for an extended time, INNCOM Direct can change the temperature to an eco-friendlier temperature that is then automatically adjusted when the guest returns.
When it broke ground on its fifth hotel in
"Hotel rooms are getting bigger and bigger, and we needed something that will deliver energy savings, especially when guests aren't using the room or a common area is empty," said Hitesh Patel, vice president of Halifax Hospitality. "Utility costs are going up just like anything else. We're always looking to find the next big thing to cut costs where we can."
About Honeywell
Honeywell is an integrated operating company serving a broad range of industries and geographies around the world. Our business is aligned with three powerful megatrends – automation, the future of aviation and energy transition – underpinned by our Honeywell Accelerator operating system and Honeywell Forge IoT platform. As a trusted partner, we help organizations solve the world's toughest, most complex challenges, providing actionable solutions and innovations through our Aerospace Technologies, Industrial Automation, Building Automation and Energy and Sustainability Solutions business segments that help make the world smarter, safer and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.
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SOURCE Honeywell