By Kwanglim Seo, Ph.D., Associate Professor, University of Hawaii, Manoa – School of Travel Industry Management Introduction It is not surprising that an asset-light business model (ALBM) has fundamentally reshaped the hotel industry, because it focuses primarily on operations rather than investments in physical assets. Recently, shared economy-based businesses like Uber and Airbnb, which thrive […]
By Ozgur Ozdemir, Ph.D., University of Nevada, Las Vegas – William F. Harrah College of Hospitality The involvement of women in the U.S. workforce was very limited in the early 20th century, and those who worked were young and unmarried. The Census Bureau categorized that only 20 percent of women were recognized as “gainful workers” […]
By Murat Kizildag, Ph.D., Associate Professor, University of Central Florida – Rosen College of Hospitality Management If we can do everything virtually in the world, why can’t we move the financial nodes and the entire network just as easily? With the enormous surge in distributed trust and decentralized platforms enabled by blockchain systems, the answer […]
By Melih Madanoglu, Ph.D., Professor of Hospitality Management and Michael A. Leven Endowed Chair, Kennesaw State University – Michael A. Leven School of Management, Entrepreneurship and Hospitality, Michael J. Coles College of Business, and Ersem Karadag, Ph.D., Professor of Hospitality and Tourism, Robert Morris University – School of Business Owing to their profit-oriented nature, companies […]
By Makarand Mody, Courtney Suess & Tarik Dogru The sharing economy and Airbnb in particular, has drawn significant media attention. A major disruptor to a global hospitality and tourism industry that remained relatively static for decades, the sharing economy has deeply divided its proponents and critics. The industry’s initial response was to shrug off […]
By Tarik Dogru, PhD, Makarand Mody, PhD, Courtney Suess, PhD Airbnb is the largest firm in the sharing economy marketplace, with about 3 million listings, including entire homes, shared rooms, and private rooms—more than the world’s largest three hotel chains combined (IHG, Marriott, Hilton, 2.58 M listings). It has hosted about 50 million guests in […]
Tarik Dogru What are the main differences between C-corporation hotels, such as Marriott, Hilton, and Choice, and Hotel-REITs like Diamond Rock, Felcor, and Host? What are the potential growth opportunities in these hotel structures? This article attempts to answer these questions from a theoretical and practical perspective by comparing two corporate structures, their business models, […]