Opportunities for the United States hotel industry to recover from COVID-19: a multi-period DEA analysis of key efficiency determinants

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F24%3A43923112" target="_blank" >RIV/62156489:43110/24:43923112 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.1108/JHTI-08-2022-0364" target="_blank" >https://doi.org/10.1108/JHTI-08-2022-0364</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1108/JHTI-08-2022-0364" target="_blank" >10.1108/JHTI-08-2022-0364</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Opportunities for the United States hotel industry to recover from COVID-19: a multi-period DEA analysis of key efficiency determinants

Popis výsledku v původním jazyce

Purpose: This study examines empirically the development of efficiency levels in the hotel industry and its key drivers, by juxtaposing pre- and post-COVID-19 results in the four most important cities in the United States in terms of international arrivals. Design/methodology/approach: A two-step approach was employed by first utilising the data envelopment analysis method to characterise the efficiency of United States hotels. A multiple linear regression analysis was performed to compare hotel performance in the two years prior to the COVID-19 outbreak with the first two years after the outbreak. Findings: The results indicated the positive effect of size and the economy hotel category on efficiency, while increasing property age, urban location and a lack of brand affiliation showed a negative effect. During the pandemic, size and the economy category remained significant and positive, whereas urban location continued to represent a negative effect. Practical implications: This study assists decision makers regarding prospective investments, supports existing and future portfolio analyses, contributes to observations on competition, and offers a wider perspective of the industry. Originality/value: First, this study investigated the evolution of factors that influenced efficiency before and after the outbreak of the COVID-19 pandemic. Second, the results offer insights into the impact of the pandemic on hotels&apos; efficiency levels. Third, the study proposes directions for the restoration of hotel efficiency to pre-COVID-19 levels.

Název v anglickém jazyce

Opportunities for the United States hotel industry to recover from COVID-19: a multi-period DEA analysis of key efficiency determinants

Popis výsledku anglicky

Purpose: This study examines empirically the development of efficiency levels in the hotel industry and its key drivers, by juxtaposing pre- and post-COVID-19 results in the four most important cities in the United States in terms of international arrivals. Design/methodology/approach: A two-step approach was employed by first utilising the data envelopment analysis method to characterise the efficiency of United States hotels. A multiple linear regression analysis was performed to compare hotel performance in the two years prior to the COVID-19 outbreak with the first two years after the outbreak. Findings: The results indicated the positive effect of size and the economy hotel category on efficiency, while increasing property age, urban location and a lack of brand affiliation showed a negative effect. During the pandemic, size and the economy category remained significant and positive, whereas urban location continued to represent a negative effect. Practical implications: This study assists decision makers regarding prospective investments, supports existing and future portfolio analyses, contributes to observations on competition, and offers a wider perspective of the industry. Originality/value: First, this study investigated the evolution of factors that influenced efficiency before and after the outbreak of the COVID-19 pandemic. Second, the results offer insights into the impact of the pandemic on hotels&apos; efficiency levels. Third, the study proposes directions for the restoration of hotel efficiency to pre-COVID-19 levels.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Journal of Hospitality and Tourism Insights

ISSN

2514-9792

e-ISSN

2514-9806

Svazek periodika

7

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

18

Strana od-do

189-206

Kód UT WoS článku

000939445900001

EID výsledku v databázi Scopus

2-s2.0-85149263331