A Differentiated Approach to the Asset-Light Model in the Hotel Industry
نویسندگان
چکیده
This research note aims to prompt a debate over the asset-light strategy that hotels are increasingly implementing nowadays. First, it evaluates impact of an model on hotel firms’ returns, return volatility, and Sharpe ratio, based annual data from 1970 2018 65 U.S. public firms. Evidence shows going has no significant companies’ performance. Second, study offers possible explanations behind such results raises questions for future research.
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ژورنال
عنوان ژورنال: Cornell Hospitality Quarterly
سال: 2021
ISSN: ['1938-9663', '1938-9655']
DOI: https://doi.org/10.1177/19389655211006076