A differentiated approach to the asset-light model in the hotel industry

Märklin, Paulina (Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland) ; Bianchi, Giuliano (Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland)

This research note aims to prompt a debate over the asset-light strategy that hotels are increasingly implementing nowadays. First, it evaluates the impact of an asset-light model on hotel firms’ returns, return volatility, and the Sharpe ratio, based on annual data from 1970 to 2018 of 65 U.S. public hotel firms. Evidence shows that going asset-light has no significant impact on companies’ returns, return volatility, and performance. Second, the study offers possible explanations behind such results and raises questions for future research.


Keywords:
Article Type:
scientifique
Faculty:
Economie et Services
School:
EHL
Institute:
Aucun institut
Subject(s):
Economie/gestion
Date:
2021-04
Pagination:
7 p.
Published in:
Cornell hospitality quarterly
Numeration (vol. no.):
To be published
DOI:
ISSN:
1938-9655
Appears in Collection:



 Record created 2021-06-11, last modified 2021-06-21

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