Apple Hospitality REIT
Apple Hospitality REIT, Inc., commonly referred to as Apple Hospitality, is a prominent player in the real estate services industry, specifically focusing on hospitality investments. Headquartered in Virginia, the company operates a diverse portfolio of upscale, select-service hotels across major markets in the United States. Founded in 2003, Apple Hospitality has achieved significant milestones, including the acquisition of over 200 hotels, which positions it as one of the largest publicly traded real estate investment trusts (REITs) in the hospitality sector.
The company’s core offerings include ownership and management of high-quality hotels under well-known brands, providing unique experiences for guests while ensuring strong returns for investors. Apple Hospitality's commitment to operational excellence and strategic growth has solidified its market position, making it a trusted name in the hospitality real estate landscape.
-17 vs industry average
Apple Hospitality REIT’s score of 12 is lower than 26% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Real Estate Services has above-average carbon intensity
Industry performance
The Real Estate Services industry has reduced its overall emissions by 17% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Apple Hospitality REIT's reported carbon emissions
Apple Hospitality REIT, headquartered in VI and operating within the real estate services industry, reported total emissions of approximately 112,401,000 kg CO2e for Scope 1 and 2 in 2023. This breaks down to approximately 28,652,000 kg CO2e for Scope 1 and approximately 83,749,000 kg CO2e for Scope 2. In the preceding year, 2022, their combined Scope 1 and 2 emissions were approximately 113,615,000 kg CO2e, with Scope 1 at approximately 28,187,000 kg CO2e and Scope 2 at approximately 85,428,000 kg CO2e.
Apple Hospitality REIT has established long-term net-zero climate commitments extending to 2050. These commitments encompass both Scope 1 and Scope 2 emissions, with a focus on continuous investment in energy efficiency measures. This includes upgrades and replacements of equipment, the implementation of guest room energy management systems, and the adoption of efficient lighting systems to drive emissions reductions. While the company has not yet disclosed Scope 3 emissions data, their stated commitments signal a forward-looking approach to climate action.
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Apple Hospitality REIT’s Climate Goals (2030 & 2050)
2 goals2050
We will continue to actively invest in energy efficiency mea…
We will continue to actively invest in energy efficiency measures, including equipment upgrades and replacements, guest room energy manageme…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Apple Hospitality REIT
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