Critical success factors of green hotel investment in Taiwan

Purpose This study aims to address research gaps by constructing critical success factors (CSFs) in the context of green hotel investment in Taiwan. It contributes to the domain knowledge to cultivate Taiwan’s green hotel development in the future. Design/methodology/approach The authors secured 20 prominent green hotel management/owners/architects as crucial informants. The first stage used the Delphi method to collect expert opinions (i.e. CSFs) and the second stage applied the analytic hierarchy process to analyze the importance of CSFs. Findings The results show that the “financial investment benefits” is considered the most crucial success factor for the green hotel investment. However, to balance long-term economic development with environmental impact, green hotel investors should consider other aspects of the research to sustain future financial performance returns. Research limitations/implications Further studies should consider regional characteristics to accommodate geographic/social differences and hotel types to explore possible CSFs for the green hotel investment. The authors suggest including panel experts from government officials and prominent scholars to represent a broader but different view on subject matters. They also offer implications for investors’ governmental policies, hotelier cognition and customer-related aspects in green hotel investment. Originality/value This study built a hierarchical framework based on the CSF concept by evaluating priority differences between hotel management and hotel owners/architects. Such findings help investors’ effective decision-making through considering factors’ relative importance for green hotel investments.

Methods Used in Selecting Location in Hotel Investment Projects

Projects in accommodation enterprises need to be planned very attentively. A great number of criteria used in selecting facility location contradict each other in some cases. Such criteria must be used in a significant way, due to the fact that difficulties can be encountered in making decisions in this complex process. "Multi-Criteria Decision Making" (MCDM) methods have been developed to help individuals, businesses, and institutions to make investment decisions and to decide more accurate and profitable investments. AHP, TOPSIS, VIKOR, PHOMETHEE, ELECTRE are some of these methods. Via these methods developed, investment decisions are made by evaluating complex data with many alternatives objectively. This may lead to more accurate investment decisions made by entrepreneurs. With this study, we have dwelled on the methods used by investors in location as well as MCDM methods, which will bring about solutions to qualitative and quantitative problems, which need to be measured and discussed in details.

The effect of hotel investments on employment in the tourism, leisure and hospitality industries

Purpose The purpose of this paper is twofold: first, to examine the extent to which hotel investments create jobs and, second, to compare whether investment in a particular hotel segment generates more or less jobs in the overall economy and in the tourism, leisure and hospitality industries. Design/methodology/approach The panel autoregressive distributed lag regression model was used to examine the effect of total hotel investments and hotel investments in economy-scale, midscale, luxury-scale and independent hotels on total employment and employment in the tourism, leisure and hospitality industries in the USA. Findings Hotel investments increase employment in both the overall economy and the tourism, leisure and hospitality industries. Midscale hotels make the highest contribution to employment in the overall economy. Economy-scale hotels make the highest contribution to employment in the overall tourism, leisure and hospitality industries. Research limitations/implications The results support the postulations of growth pole theory. As hotel investment increases, not only does the hotel industry see gains in employment but also does related economic sectors see an increase. Midscale hotels have the greatest positive impact on local labor markets, which is consistent with the assertions of middle-out economics. Practical implications Community leaders should encourage the type of investment that benefits the broader area as much as possible by incentivizing the type of growth that is related to employment growth. Originality/value This study investigates the relations between hotel investment and employment from a theoretical and empirical perspective by providing objective claims inferred from statistical inferences.

The function of hotels in revitalizing rural areas: case studies in Pomerania Province

This article indicates optimal local, social, economic and geographical relationships contributing to the effective implementation of hotel investment as a part of rural area revitalisation. This will be undertaken through the case studies of four hotels functioning in revitalized historical buildings in the rural areas of Pomerania Province. A ‘multiple case study’ will be performed based on the following methods: 1) the desk study of the data concerning the activity of the hotels; 2) a micro- and meso-scale cartographic inventory; 3) structured individual in-depth interviews with hotel owners and managers, as well as with the authorities and officials responsible for the promotion of the communes where the hotels are situated.