Quantifying the economic impact of COVID-19 on the U.S. hotel industry: Examination of hotel segments and operational structures

2021 ◽  
Vol 39 ◽  
pp. 100864
Author(s):  
Ozgur Ozdemir ◽  
Tarik Dogru ◽  
Murat Kizildag ◽  
Makarand Mody ◽  
Courtney Suess
Author(s):  
Arjun Gupta ◽  
Alexandra Meeter ◽  
Aakash Shah ◽  
Rachel Kaye ◽  
Boris Paskhover

1973 ◽  
Vol 72 (6) ◽  
pp. 7-10
Author(s):  
Andrew F. Burghardt
Keyword(s):  

Author(s):  
Alan N. Rechtschaffen

This chapter discusses the origins of the 2007 financial crisis, subprime lending, and government-sponsored entities. It argues that the events driving financial markets to the precipice of collapse during the global financial meltdown gave rise to a regulatory framework that may have been a rational response to a market in free fall, but need to be reassessed in an era of recovery. In 2018, the U.S. economy may be, by many measures, viewed as wholly recovered from the economic impact of the crisis. The stock market is trading at record highs, having erased all the losses of the crisis period and then some. With this recovery, the Trump administration seeks to restrain the regulatory burden imposed during the crisis.


2020 ◽  
Author(s):  
Bennett Chiles

Firms in many industries engage in price obfuscation—tactics that intentionally make prices more difficult for consumers to discern. Although existing research has focused on the short-term financial gains that motivate firms to obfuscate, reputational concerns may at least partially counteract these incentives if consumers punish deceptive firms via loss of loyalty in future transactions and/or publicly observable negative feedback. This paper addresses the latter possibility, exploring the impact of mandatory shrouded surcharges on firm reputation in the U.S. hotel industry. Using data collected from two major online travel sites, I exploit differences in surcharge disclosure across booking channels to identify the causal effect of hidden “resort fees” on traveler ratings. I find that hidden fees decrease ratings by roughly 0.15 points (on a rating scale ranging from 1 to 5). The magnitude of this effect varies based on firm characteristics, and this variation is consistent with observed heterogeneity in resort fee adoption patterns: when the expected punishment is more severe, firms are substantially less likely to adopt shrouded surcharges. Results shed light on the extent to which reputational mechanisms may act as a check against price obfuscation and other similar practices intended to exploit boundedly rational consumers. This paper was accepted by Eric Anderson, marketing.


2000 ◽  
Vol 4 (2) ◽  
pp. 117-134 ◽  
Author(s):  
Jane E. Boon ◽  
Jacqueline A. Isaacs ◽  
Surendra M. Gupta
Keyword(s):  

Sign in / Sign up

Export Citation Format

Share Document