Collaboration with the Hong Kong University of Science and Technology
At Teardrop Hotels we believe in building relationships with universities, institutions, and think tanks that are addressing the sustainability challenges of the travel industry.
In June 2022, Teardrop Hotels collaborated with students from the Hong Kong University of Science and Technology by providing key insights into Teardrop Hotels’ sustainability policies and initiatives. The data provided was used for the Capstone project aimed at establishing a set of flexible yet robust methodologies and KPIs to implement in Alta’s AIM (Alta Impact Method) framework, that can then be used across all its hospitality investments.
Alta is a private equity real estate firm focused on hospitality assets in Asia, especially boutique and lifestyle hotels. Alta strives to take an innovative approach when redeveloping/repositioning assets with a new perspective. Sustainability is highly incorporated in Alta’s business, merging financial success with sustainable goals.