Latest COVID-19 Information

Category: Finance

June 2021 Editors’ Letter

By: (Co-Editors) Ozgur Ozdemir, Ph.D., University of Nevada, Las Vegas – William F. Harrah College of Hospitality and Amrik Singh, Ph.D., Associate Professor, University of Denver – Fritz Knoebel School of Hospitality Management in the Daniels College of Business As we approach the summer of 2021, the COVID-19 pandemic is still at the forefront of […]

Hotel Operator Types in the Digital Era

By Marcos Medeiros, Ph.D. Student, University of Central Florida – Rosen College of Hospitality Management; Nan Hua, Ph.D., Professor and Chair of the Hospitality Services department, University of Central Florida – Rosen College of Hospitality Management, Arthur Huang, Ph.D., Assistant Professor, University of Central Florida – Rosen College of Hospitality Management and Agnes L. DeFranco, […]

Hotels in Financial Distress and Their Resolution

By Amrik Singh, Ph.D., Associate Professor, University of Denver – Fritz Knoebel School of Hospitality Management, Daniels College of Business The COVID-19 pandemic had an unprecedented, rapid, and severe negative shock that reverberated through the global travel industry and leaving in its wake, a trail of economic destruction and uncertainty, business closures, rising unemployment, and […]

Impact of COVID-19 on the Hospitality Industry and Implication for Operations and Asset Management

By A.J Singh, Ph.D. University of Texas, Rio Grande Valley and Bing Wang, Ph.D., Harvard University  – Graduate School of Design Introduction Among all real estate asset types, hospitality real estate assets, together with retail, have witnessed the most disruption from the COVID-19 pandemic. As one of the most service-intensive real estate asset types, the […]

Asset-light Business Model: Strategies for Hotels During the Pandemic

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 […]

TMT Gender Diversity in the Hospitality Industry: Insights Regarding Performance Implications

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” […]

DeFi Everything Soon?

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 […]

Reasons for Going from Public to Private and the Premium Puzzle of Restaurant Firms

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 […]

How Does My Neighbor Feel About my Airbnb?

  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 […]

The hotel industry’s Achilles Heel? Quantifying the negative impacts of Airbnb on Boston’s hotel performance

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 […]