The (De)motives to Conserve the Environment among Small Independent Hotels in a Resource Scarce Destination

2021 ◽  
pp. 1-27
Author(s):  
Umidjon Matyakubov ◽  
Viachaslau Filimonau ◽  
Vladimir A. Ermolaev
Keyword(s):  
Independent Hotels

Applying Property Pricing Models to Estimate a Foreclosure Discount in the Hotel Real Estate Sector

2021 ◽  
pp. 193896552110586
Author(s):  
Amrik Singh
Keyword(s):  
Hedonic Model ◽  
Repeat Sales ◽  
Cross Sectional ◽  
Market Prices ◽  
Holding Period ◽  
Transaction Prices ◽  
Real Estate Sector ◽  
Study Results ◽  
Deferred Maintenance ◽  
Independent Hotels

This study investigates the magnitude of the foreclosure sale discount in the hotel sector. The foreclosure sales discount is captured using three different models: hedonic, hybrid, and repeat sales. Controlling for various hotel attributes and time, the hedonic model shows a foreclosure discount of 40%, followed by the repeat sales model at 42% and the hybrid model at 45%, all relative to non-distressed market prices. The results of the study provide novel empirical evidence of cross-sectional variation in foreclosure discounts between independent hotels and branded hotel segments and by location. In particular, variation in the foreclosure discount is driven by independent and upscale hotels and hotels located in resorts, small metro towns, and urban locations. In addition, the study results reveal the influence of occupancy, deferred maintenance, renovation, and holding period on transaction prices.

scholarly journals Finding the right management approach in independent hotels

2019 ◽  
Vol 31 (7) ◽  
pp. 2862-2883 ◽  
Author(s):  
Alireza Nazarian ◽  
Peter Atkinson ◽  
Pantea Foroudi ◽  
Karen Dennis
Keyword(s):  
Leadership Style ◽  
Structural Equation ◽  
Management Approach ◽  
Snowball Sampling ◽  
Content Type ◽  
Organisational Effectiveness ◽  
Independent Hotels ◽  
The Right ◽  
Reward Mechanism ◽  
The Impact

Purpose This study aims to identify factors that managers can influence to improve effectiveness by examining the relationship between leadership and effectiveness in small and medium-sized independent hotels. Design/methodology/approach In total, 272 valid questionnaires were collected from managers of 83 small and medium-sized independent hotels in the Netherlands by using selective and snowball sampling techniques. A two-stage structural equation modelling approach was used to test the hypotheses. Findings Surprisingly, in contradiction to previous studies, neither transactional nor transformational leadership had a direct effect on organisational effectiveness. Instead, the effect was through the intervening variables of ability to acquire resources and reward mechanisms. Research limitations/implications The contradiction between this and previous studies may be due to the fact that constructs used in this study do not have the universal applicability that is customarily assumed and further investigation is needed. Practical implications This study suggests that managers in this type of hotel, first, should be adaptable in their leadership style and not rely on transactional leadership alone; second, managers must pay attention to resource acquisition; and third, managers must retain staff by using the right reward mechanism. Originality/value This study contributes to the literature of leadership and effectiveness in small and medium-sized independent hotels by being the first to focus on the impact of ability to acquire resources and reward mechanism. It also makes an important contribution to the growing body of hospitality literature that probes the supposed universal validity of organisational studies’ constructs.

Do hotel companies communicate their environmental policies and practices more than independent hotels in Dubai, UAE?

2014 ◽  
Vol 6 (4) ◽  
pp. 362-380 ◽  
Author(s):  
Nina Rosalind Jenkins ◽  
Ioanna Karanikola
Keyword(s):  
United Arab Emirates ◽  
Environmental Sustainability ◽  
Small And Medium Enterprises ◽  
Corporate Image ◽  
Environmental Reporting ◽  
Environmental Practices ◽  
Content Type ◽  
Corporate Websites ◽  
Independent Hotels ◽  
The Impact

Purpose – This paper aims to ascertain how hotels in Dubai, United Arab Emirates (UAE), engage in environmental sustainability and what benefits and negativities can be incurred from such activity, and to determine the extent to which hotels use their own corporate websites to disseminate information pertaining to their environmental sustainability. Design/methodology/approach – The concept of corporate social responsibility (CSR) in business has infiltrated since the latter half of the twentieth century. The hotel industry claims to engage in environmental sustainability due to the impact hotels have on the environment and considering the benefits that can arise from being environmentally friendly, such as positive corporate image and awareness of company’s stakeholders regarding company’s policies, practices and initiatives. A literature review regarding the current, most commonly used environmental practices and policies of hotels was conducted and content analysis was carried out in websites of companies and independent hotels in Dubai, UAE. Findings – Key findings showed that the environmental practices and policies which were the cheapest and easiest to implement were the most commonly used among hotels, and that hotel companies provided more corporate online environmental information than independent hotels. Overall, currently, hotels in Dubai do not effectively use online environmental reporting to their stakeholders, which should be an area of improvement by 2020. Research limitations/implications – Further research should be conducted in small and medium enterprises to identify benefits and challenges of and create awareness of the importance of online environmental reporting preparing for Expo2020. Originality/value – The analysis presented aims to highlight the importance of online environmental reporting by hotels and to compare and contrast ways of communicating CSR activities between hotel companies and independent hotels in Dubai, UAE.

scholarly journals COMPETITIVE ADVANTAGES OF MODERN FORMS OF MANAGEMENT BY A HOTEL BUSINESS

Management ◽  
2019 ◽  
Vol 28 (2) ◽  
pp. 108-118
Author(s):  
Nataliia V. Kulak
Keyword(s):  
Voluntary Associations ◽  
Business Management ◽  
Hotel Industry ◽  
Integrated Approach ◽  
Practical Experience ◽  
Competitive Advantages ◽  
Scientific Methods ◽  
Hotel Chains ◽  
General Scientific ◽  
Independent Hotels

Introduction and purpose of the study. Recently, the issue of increasing the efficiency of the functioning of hotel business establishments due to the application of competitive advantages becomes of paramount importance.It is well-known that in the conditions of an integrated approach to the creation and use of competitive advantages, an enterprise is able to prevail in the demand market. Practical experience of the domestic hotel industry shows that some forms of organization of hotel activities for the domestic hotel industry are new, which creates the need to explore the features of modern forms of management of hotel enterprises in the system of competitive advantages.The hypothesis of scientific research. It is assumed that the processes of globalization and integration necessitate the formation of new forms of organization of hotel activity of the domestic hotel industry in order to improve the form of management of hotel business.The purpose is to determine the essence and content of modern forms of hotel business management in the context of the concept of competitive advantage.Methods of research: general scientific methods of analysis, synthesis, comparison, systematization and generalization.Results: modern forms of organization of hotel business management, which are used by leading specialists of the hotel industry sphere, reveal the peculiarities of their activity, the strengths and weaknesses of such forms of organizing management of hotel industry enterprises as independent hotels, voluntary associations of hotels and hotel chains.

Online Reputation Mechanisms and the Decreasing Value of Chain Affiliation

2018 ◽  
Vol 55 (5) ◽  
pp. 636-654 ◽  
Author(s):  
Brett Hollenbeck
Keyword(s):  
Online Reviews ◽  
Consumer Information ◽  
Brand Reputation ◽  
Quality Signals ◽  
Small Market ◽  
Large Panel ◽  
Reputation Mechanisms ◽  
Independent Hotels ◽  
To Come ◽  
Online Reputation

This article investigates the value of business format franchising and how it is changing in response to a large increase in consumer information provided by online reputation mechanisms. Theory has suggested that much of the value of chain affiliation to firms comes from the ability of chain partners to use the same name, imagery, logo, and marketing to create a common brand reputation and signal specific qualities in settings with asymmetric information between buyers and sellers. As more information becomes available, consumers should rely less on branding for quality signals, and firms’ ability to extend reputations across heterogeneous outlets should decrease. To examine this empirically, the author combines a large panel of hotel revenues with millions of online reviews from multiple platforms. Chain-affiliated hotels earn substantially higher revenues than equivalent independent hotels, but this premium has declined by over 50% from 2000 to 2015. This can be largely attributed to an increase in online reputation mechanisms, and this effect is largest for low-quality and small-market firms. Measures of the information content of online reviews show that as information has increased, independent hotel revenue has grown substantially more than chain hotel revenue. This result should be viewed as descriptive, with attempts to come to near causality including the use of machine learning to derive latent dimensions of firm quality from the text of online reviews. Finally, the correlation between firm revenue and chain-wide reputation is decreasing, whereas the correlation with individual hotel reputation is increasing.

scholarly journals Motivations of undertaking CSR initiatives by independent hotels: a holistic approach

2019 ◽  
Vol 31 (6) ◽  
pp. 2468-2487 ◽  
Author(s):  
Vahideh Abaeian ◽  
Kok Wei Khong ◽  
Ken Kyid Yeoh ◽  
Scott McCabe
Keyword(s):  
Qualitative Interviews ◽  
Holistic Approach ◽  
Senior Managers ◽  
Content Type ◽  
Environmental Initiatives ◽  
Trade Offs ◽  
Key Stakeholders ◽  
Independent Hotels ◽  
Hotel Managers ◽  
Corporate Social

PurposeThe purpose of this study is to explore how senior managers of independent hotels perceive the notion of corporate social responsibility (CSR) through a holistic analysis of motivations of undertaking both social and environmental initiatives.Design/methodology/approachThis study conducts qualitative interviews with 22 Malaysian senior hotel managers together with ethnographic observations.FindingsEmergent themes show that CSR is a dynamic concept involving complex struggles and trade-offs between fulfilling business objectives, paying heed to personal ethical values and considering cultural norms when making decisions regarding the adoption of a range of environmental and social initiatives.Research limitations/implicationsThis study contributes to legitimacy theory by highlighting that in the absence of pressure from key stakeholders for responsible initiatives, managers still proactively engage in CSR initiatives. More surprising still is that they set expectations instead of simply aligning or responding to the key stakeholders’ pre-set demands. Meanwhile, the uniqueness, size and purposeful selection of the sample limit the applicability of the findings to wider geographical and cultural locations.Practical implicationsWhile Malaysian hotel managers are willing to use CSR practices to demonstrate their commitment to their employees and the local communities where they operate, it is equally important that they utilize other media (such as their websites or social media) for both promotional and legitimacy building purposes. Within the context of growing tourism for economic development, the Malaysian Government can develop more effective strategies, rewards or incentives for encouraging businesses to undertake and improve CSR adoption for sustainability of this industry.Originality/valueBy extending the scope of CSR studies beyond firm performance issues, we attempt to show the wider set of motivations and contexts considered important in determining hotel engagement in CSR programs.

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