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- Publisher Website: 10.1111/1540-6229.12225
- Scopus: eid_2-s2.0-85079740167
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Article: The Value of Going Green in the Hotel Industry: Evidence from Beijing
Title | The Value of Going Green in the Hotel Industry: Evidence from Beijing |
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Authors | |
Issue Date | 2020 |
Citation | Real Estate Economics, 2020, v. 48, n. 1, p. 174-199 How to Cite? |
Abstract | Based on several unique datasets in Beijing, this article investigates the value of going green in the hotel industry by combining the traditional hedonic pricing model with the state-of-the-art content analysis of online reviews. The results indicate that the rate of complaints about the indoor environmental quality of green hotels is roughly 19% lower than that for nongreen hotels. Hedonic regression analysis concludes that green hotels enjoy a significant room rate premium of 6.5% without reducing occupancy rates, mainly due to improved indoor environmental quality. Recognizing the presence of such cobenefits is likely to induce hoteliers to embrace green practices. |
Persistent Identifier | http://hdl.handle.net/10722/333418 |
ISSN | 2023 Impact Factor: 2.0 2023 SCImago Journal Rankings: 1.233 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Zhang, Li | - |
dc.contributor.author | Wu, Jing | - |
dc.contributor.author | Liu, Hongyu | - |
dc.contributor.author | Zhang, Xiaoling | - |
dc.date.accessioned | 2023-10-06T05:19:13Z | - |
dc.date.available | 2023-10-06T05:19:13Z | - |
dc.date.issued | 2020 | - |
dc.identifier.citation | Real Estate Economics, 2020, v. 48, n. 1, p. 174-199 | - |
dc.identifier.issn | 1080-8620 | - |
dc.identifier.uri | http://hdl.handle.net/10722/333418 | - |
dc.description.abstract | Based on several unique datasets in Beijing, this article investigates the value of going green in the hotel industry by combining the traditional hedonic pricing model with the state-of-the-art content analysis of online reviews. The results indicate that the rate of complaints about the indoor environmental quality of green hotels is roughly 19% lower than that for nongreen hotels. Hedonic regression analysis concludes that green hotels enjoy a significant room rate premium of 6.5% without reducing occupancy rates, mainly due to improved indoor environmental quality. Recognizing the presence of such cobenefits is likely to induce hoteliers to embrace green practices. | - |
dc.language | eng | - |
dc.relation.ispartof | Real Estate Economics | - |
dc.title | The Value of Going Green in the Hotel Industry: Evidence from Beijing | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1111/1540-6229.12225 | - |
dc.identifier.scopus | eid_2-s2.0-85079740167 | - |
dc.identifier.volume | 48 | - |
dc.identifier.issue | 1 | - |
dc.identifier.spage | 174 | - |
dc.identifier.epage | 199 | - |
dc.identifier.eissn | 1540-6229 | - |
dc.identifier.isi | WOS:000514935900005 | - |