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2018 | OriginalPaper | Buchkapitel

Where Should I Locate My Hotel? An In-Depth Analysis of the Cluster Effect on Hotel Performance

verfasst von : Angel Peiró-Signes, Marival Segarra-Oña, Rohit Verma, Luis Miret-Pastor

Erschienen in: Agglomeration and Firm Performance

Verlag: Springer International Publishing

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Abstract

In this paper we analyse economic data over a period of 5 years from the Smith Travel Research (STR) database using an event study technique to compare economic performance among a total of 27,207 hotels, 4339 of them located in US touristic clusters. The aim of the research is to determine if the cluster effect is affecting the economic performance of hotels. Hotels are segmented and compared to similar groups in terms of revenue, scale, location, and affiliation, and then each of the hotels within a touristic cluster is compared to a similar group of outside-cluster hotels. Though the mean values for economic performance are higher than those properties located in clusters, specific analysis suggests that the cluster effect is not affecting all the hotels in the same way and that property level influences the economic performance of hotels within a touristic cluster.

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Vorheriges Kapitel Marshallian Industrial District Evolution: Technological Impacts and Firms’ Heterogeneity

Nächstes Kapitel The Story of Cluster as a Cross-Boundary Concept: From Local Development to Management Studies

In this work, we consider it to be equivalent to dynamic concentration, synergic concentration, and cluster.

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Titel: Where Should I Locate My Hotel? An In-Depth Analysis of the Cluster Effect on Hotel Performance
verfasst von: Angel Peiró-Signes
Marival Segarra-Oña
Rohit Verma
Luis Miret-Pastor
Verlag: Springer International Publishing
Buch: Agglomeration and Firm Performance
Print ISBN: 978-3-319-90574-7

Electronic ISBN: 978-3-319-90575-4

Copyright-Jahr: 2018
DOI: https://doi.org/10.1007/978-3-319-90575-4_7

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