Financial impact of LEED and energy star certifications on hotel revenues : evidence from U.S. hotels

Das, Prashant (Ecole hôtelière de Lausanne, HES-SO // University of Applied Sciences Western Switzerland) ; Robinson, Spenser (Central Michigan University) ; Singh, A.J. (Michigan State University)

This paper examines the topline performance of a cross-section of hotels in the United States from 2009-2013 to test whether green certified properties, LEED or Energy Star, generated revenue performance premiums over non-certified hotels. In other words, does it pay to be green? Regressions included regional, class, chain scale, size, and location controls. Custom comparable clusters were also separately test ed. Results show that LEED labeled hotels experience higher ADR bu t lower occupancy rates, resulting in a statistically insignificant difference in RevPAR. Energy Star labeled buildings consistently showed higher occupancy


Keywords:
Conference Type:
full paper
Faculty:
Economie et Services
School:
EHL
Subject(s):
Economie/gestion
Publisher:
Fort Myers, USA, 14-18 April 2015
Date:
Fort Myers, USA
14-18 April 2015
2015
Pagination:
21 p.
Published in:
American Real Estate Society (ARES) Annual Meeting 2015
Appears in Collection:

Note: The status of this file is: restricted


 Record created 2015-10-08, last modified 2019-06-11

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