Attracting international hotels: Locational factors that matter most

Assaf, A. George; Josiassen, Alexander; Agbola, Frank W.

doi:10.1016/j.tourman.2014.10.005

Cited by 71 publications

(64 citation statements)

References 51 publications

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“…Assaf, Josiassen, and Agbola (2015) claim that destination-related external factors are the most important determinants among the competition for international hotel chains. Chen (2010) argues that hotel performance is significantly affected by overall economic growth rather than by the tourism sector alone.…”

Section: Factors Influencing Hotel Economic Performancementioning

confidence: 99%

“…An economically prosperous region may have fast growth in its hotel industry (Chen, 2010). Fix-Asset Investment (FAI) denotes the level of city construction and conditions, especially as facilities and regional infrastructure are important exogenous factors for the hotel industry (Assaf, Josiassen, & Agbola, 2015). Webpages per person and the number of registered domains reflect information access and development; the former relates more to personal services, and the latter to business activities (Law & Chung, 2003).…”

Section: Influential Regional Factorsmentioning

confidence: 99%

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Do regional factors matter? Determinants of hotel industry performance in China

Yang

Cai

2016

Tourism Management

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h i g h l i g h t sRegional factors affect ARR and rooms rented. Labor quality and Tourism Professional Specialization mainly determine RevPAR. ARR and rooms rented offer information about regional impacts on the hotel industry. Internal and external determinants vary by star designation. Regional factors' sophistication increases with higher star designations. a r t i c l e i n f o b s t r a c tThe hotel industry is deeply embedded in local regional conditions, though the influence of regional factors is seldom investigated. Three key hotel industry metrics, Revenue per Available Room (RevPAR), Average Room Rate (ARR), and rooms rented, were examined for their determinants using ordinary least squares and negative binomial regression models on key endogenous and exogenous (regional) factors, including Destination Attractiveness and Capacity, Business and Commercial Environment, Image and Openness, and Tourism Professional Specialization. Using China as a case study, and at different hotel star designations (2-to 5-star hotels), the results show that RevPAR is determined mainly by labor quality and Tourism Professional Specialization. Particularly, regional factors significantly affect ARR and rooms rented. The influence and sophistication of regional factors increases with higher star designations. This paper highlights links between the hospitality industry and regional economic development, which should be considered by both the hotel industry and tourism policy makers.

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Section: Factors Influencing Hotel Economic Performancementioning

confidence: 99%

Section: Influential Regional Factorsmentioning

confidence: 99%

Do regional factors matter? Determinants of hotel industry performance in China

Yang

Cai

2016

Tourism Management

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“…The importance of economic development the in process of searching for locations for new hotels, described in the literature (Adam & Amuquandoh, 2013;Assaf, Josiassen & Agbola, 2015;Baum & Haveman, 1997;Chen, 2010;Demirbag, Tatoglu & Glaister, 2007;Johnson & Vanetti, 2005;Kundu & Contractor, 1999;Luo & Yang, 2012;Martorell, Mulet & Otero, 2012;Puciato, 2012;Ramon Rodrí-guez, 2002;Shu & Dai, 2002;Zhang, Guillet, & Gao, 2012), results, among others, from the fact that the size and GDP growth strongly correlates with factors such as effective demand, price levels and price stability of production factors, access to modern transport infrastructure and information technology, quality of human capital and its costs. Investors for the reasons set out are usually interested in investing capital in countries (regions, municipalities) with a high level of economic development, or those that are characterised by high dynamics of this development.…”

Section: Location Factors From the Point Of View Of The Origin Of Capmentioning

confidence: 99%

“…The degree of internationalisation of the economy can also be an important condition of hotel location, especially for foreign investors (Assaf, Josiassen & Agbola, 2015;Luo & Yang, 2012;Kundu & Contractor, 1999;Ramon Rodríguez, 2002;Martorell, Mulet & Otero, 2012). The high degree of internationalisation means in fact generally low barriers to market entry (Martorell, Mulet & Otero, 2012) and minor cultural differences between investors and the natives Barkema, Bell & Pennings (1996), and Ramon Rodríguez (2002).…”

Section: Location Factors From the Point Of View Of The Origin Of Capmentioning

confidence: 99%

“…Assaf, Josiassen & Agbola (2015), Buckley et al (2007), Dębski & Niemczak (2016), Martorell, Mulet & Otero (2012), as well as Zhang, Guillet & Gao (2012) indicate the importance of incentives aimed at attracting potential investors. These may be fiscal incentives (taxes and local fees -their rates and the possibility of postponing, remitting, abandoning or spreading out in instalments), planning and administrative (general strategies, strategies for tourism development, brand strategies, development plans, efficiency of administrative decisions, quality of real estate management, etc.…”

Section: Location Factors From the Point Of View Of The Origin Of Capmentioning

confidence: 99%

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Location Factors of Foreign and Domestic Investors in Hospitality Industry in Poland

Puciato

Gawlik

Goranczewski

2017

IJCM

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Internationalization Strategies for Tourism in Portugal

Oliveira

Braga

Silva

2018

Innovation, Engineering and Entrepreneurship

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The present dissertation is testimony that sometimes the choice of a difficult path can be more enriching and that all the effort will be rewarded by the accomplishment of the defined objectives, reason why it is necessary to express the sincere thanks and gratitude inherent in this process. Firstly, I would like to thank my mentors, Professor Vítor Braga and Professor Eliana Costa e Silva, for all the guidance, constructive criticism, dedication and effort, applied in the various moments to accomplish objectives, deadlines and dynamize this dissertation in a more correct and comprehensive way. A special recognition for all the hours spent in search of results, studies and sharing of knowledge, as well as for all the commitment made with me to the realization of it. Next, I would like to thank the Escola Superior de Tecnologia e Gestão, responsible for my training throughout the academic course and the Research Centre, for the availability of tools and opportunity to participate in events that allowed the dissemination of this work. To my parents, thank you for your work over the years, for always believed in me, for the affection and for making available all the resources so that nothing was lacking in me at educational level, and at all other levels, encouraging me every day and putting hope in every conquest or obstacle. To Pedro, I would like to thank you for your fellowship and your patience throughout this academic journey. For the support, love and for being tireless to motivate me, to never give up my goals and to collaborate with me in any situation, keeping the worries away. Also, a special thanks to Vera, who even with the rush of everyday life, made available to support me in the realization of this dissertation. Thanks to all the wonderful people who have been with me during this academic journey, this experience has become even more significant and rewarding on a personal and professional level, and without a doubt it will be on your side that another victory will be celebrated. To all I express my sincere gratitude.

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Attracting international hotels: Locational factors that matter most

Cited by 71 publications

References 51 publications

Do regional factors matter? Determinants of hotel industry performance in China

Do regional factors matter? Determinants of hotel industry performance in China

Location Factors of Foreign and Domestic Investors in Hospitality Industry in Poland

Internationalization Strategies for Tourism in Portugal

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