کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1009192 1482481 2016 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The effect of idiosyncratic price movements on short- and long-run performance of hotels
ترجمه فارسی عنوان
اثر تغییرات قیمت ویژه بر عملکرد کوتاه مدت و بلندمدت هتل ها
کلمات کلیدی
صنعت هتل. قیمت گذاری؛ عملکرد هتل. اثرات تصادفی پانل فضایی (RESP)
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری استراتژی و مدیریت استراتژیک
چکیده انگلیسی

It is a common belief that businesses performance should not be evaluated by immediate fiscal returns, but rather based on an extended time horizon. While the literature implies that pricing decisions may exert lagged as well as contemporaneous effects on performance, a limited number of empirical studies have focused on such effects. The current study investigates effects of idiosyncratic price movements on short-run and long-run hotel performance, where idiosyncratic price movements refer to the changes in individual hotels’ room rates unexplained by price competition, product differentiation, and market conditions. By analyzing spatial panel data from the Houston lodging market between 2005 and 2014, we find that idiosyncratic price movements enhance hotel performance in the short-run and that adverse effects followed in the long-run. Findings of the study and implications for practitioners are discussed along with suggestions for future research.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Hospitality Management - Volume 56, July 2016, Pages 78–86
نویسندگان
, , ,