Financial impact of LEED and energy star certifications on hotel revenues

Robinson, Spenser (Department of Entrepreneurship, Central Michigan University, Mount Pleasant, MI) ; Singh, A. J. (The School of Hospitality Business, The Eli Broad College of Business, Michigan State University, East Lansing, MI) ; Das, Prashant (Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland)

This study examines the topline performance of a cross-section of hotels in the United States from 2009 to 2013 to test whether eco-labeled (LEED or Energy Star, in particular) properties generated revenue performance premiums over noncertified hotels. In other words, does it pay to acquire these labels? Regressions included regional, class, chain scale, size, and location controls. Custom comparable clusters were also separately tested. Results show that LEED-labeled hotels experience higher average daily rate but lower occupancy rates, resulting in a statistically insignificant difference in RevPAR. Energy Star-labeled buildings consistently showed higher occupancy.


Type d'article:
scientifique
Faculté:
Economie et Services
Ecole:
EHL Ecole hôtelière de Lausanne
Classification:
Économie/gestion
Date:
2016
Pagination:
17 p.
Titre du document hôte:
Journal of hospitality financial management
Numérotation (vol. no.):
2016, vol. 24, issue 2, pp. 110-126
DOI:
ISSN:
1091-3211
Date d'embargo:
2018-06-30
Le document apparaît dans:

Note: The file is under embargo until: 2018-06-30


 Notice créée le 2017-01-31, modifiée le 2018-02-15

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