Measuring the effect of infectious disease-induced uncertainty on hotel room demand: A longitudinal analysis of US hotel industry

被引：9

作者：

Ozdemir, Ozgur ^{[1
]}

Kizildag, Murat ^{[2
]}

Dogru, Tarik ^{[3
]}

Madanoglu, Melih ^{[4
]}

机构：

[1] Univ Nevada, William F Harrah Coll Hospitality, 4505 S Maryland St, Las Vegas, NV 89154 USA

[2] Univ Cent Florida, Rosen Coll Hospitality Management, 9907 Universal Blvd, Orlando, FL 32819 USA

[3] Florida State Univ, Dedman Sch Hospitality, Tallahassee, FL 32306 USA

[4] Kennesaw State Univ, Coles Coll Business, 1000 Chastain Rd, Kennesaw, GA 30144 USA

来源：

INTERNATIONAL JOURNAL OF HOSPITALITY MANAGEMENT | 2022年 / 103卷

关键词：

Infectious disease uncertainty EMV operational performance demand; ECONOMIC-POLICY UNCERTAINTY; TOURISM; IMPACT; PERFORMANCE; CRISIS;

D O I：

10.1016/j.ijhm.2022.103189

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study investigates the effect of infectious disease uncertainty on hotel room demand covering the period 2005-2020. Also, the extent to which the effect of uncertainty borne by infectious diseases varies across different hotels segments are examined. Furthermore, the latest infectious disease pandemic, COVID-19, was used to test the joint impact of state-imposed restrictions and infectious disease uncertainty on hotel room demand. Using Infectious Disease Equity Market Volatility (EMV-ID) tracker as a proxy for uncertainty, the findings showed that infectious disease uncertainty leads to a decline in state-level hotel occupancy both in the short- and long-run. These results rule out the potential confounding effect of state-level restrictions by demonstrating that EMV-ID accounts for additional variance in hotel demand. Findings also indicate that this negative effect is not uniform across hotel segments; the greater levels of state-imposed restrictions lead to decreases in hotel room de-mand. Practical and research implications are discussed.

引用

页数：11