“…Thus, a comprehensive review of green hotels and related literature helped generate an initial list of 28 evaluation factors regarding green hotel investments. These factors reflect various critical perspectives in green hotel investments: location (Miller and Baloglu, 2011; Kang et al , 2012), market (Lawson, 1997; Newell and Seabrook, 2006; Chen et al , 2021), financial benefits (Singal, 2013), green hotel certification and EMS (Hsiao et al , 2014; Chen et al , 2021), risk and impact management (Myung et al , 2012; Zhang et al , 2012; Singal, 2013), architecture design and planning (International Tourism Partnership, via Green Hotelier, 2016) and green concept about environmental consciousness (Lee et al , 2010; Jiang and Kim, 2015; Rahman et al , 2015; Wu et al , 2016; Han et al , 2018; Rahman and Reynolds, 2016; Rahman et al , 2020). A total of 28 sub-factors in seven categories were subsequently structured as follows: location/site: six sub-factors; market: four sub-factors; planning and design: four sub-factors; financial investment benefits: three sub-factors; risk and impact management: three sub-factors; green hotel certification and ems: five sub-factors; and consumer willingness to stay at green hotels: three sub-factors.…”