The role of expansion strategies and operational attributes on hotel performance: a compositional approach
This study aims to explore the impact of expansion strategies and specific attributes of hotel establishments on the performance of international hotel chains, focusing on four key performance indicators: RevPAR, efficiency, occupancy, and asset turnover. Data were collected from 255 hotels across various international hotel chains, providing a comprehensive assessment of how different expansion strategies and hotel attributes influence performance. The research employs compositional data analysis (CoDA) to address the methodological limitations of traditional financial ratios in statistical analysis. The findings indicate that ownership-based expansion strategies result in higher operational performance, as measured by revenue per available room, but yield lower economic performance due to the high capital investment required. Non-ownership strategies, such as management contracts and franchising, show superior economic efficiency, offering more flexibility and reduced financial risk. This study contributes to the hospitality management literature by applying CoDA, a novel methodological approach in this field, to examine the performance of different hotel expansion strategies with a sound and more appropriate method. The insights provided can guide hotel managers and investors in making informed decisions to optimize both operational and economic performance.
Code (0)
등록된 구현이 없습니다.
Tasks
ManagementSimilar Papers 제목 키워드 기반
Hotel2vec: Learning Attribute-Aware Hotel Embeddings with Self-Supervision
We propose a neural network architecture for learning vector representations of hotels. Unlike previous works, which typically only use user click information for learning item embeddings, we propose a framework that com…
AttributeExploring Conversational Language Generation for Rich Content about Hotels
Dialogue systems for hotel and tourist information have typically simplified the richness of the domain, focusing system utterances on only a few selected attributes such as price, location and type of rooms. However, mu…
Text GenerationDifferences in Chinese and Western tourists faced with Japanese hospitality: A natural language processing approach
Since culture influences expectations, perceptions, and satisfaction, a cross-culture study is necessary to understand the differences between Japan's biggest tourist populations, Chinese and Western tourists. However, w…
Cultural Vocal Bursts Intensity PredictionDependency ParsingPart-Of-Speech TaggingA Corpus of Participant Roles in Contentious Discussions
The expansion of social roles is, nowadays, a fact due to the ability of users to interact, discuss, exchange ideas and opinions, and form social networks though social media. Users in online social environment play a va…
Decision MakingImpact of Tone-Aware Explanations in Recommender Systems
In recommender systems, the presentation of explanations plays a crucial role in supporting users' decision-making processes. Although numerous existing studies have focused on the effects (transparency or persuasiveness…
Decision MakingLanguage ModelingLanguage ModellingLarge Language Model+2