Tourismusunternehmen im Spannungsfeld der Finanz- und Immobilienkrise: Eine theoriegeleitete Bestandsaufnahme zur Rolle internationaler Hotelgesellschaften

Frehse Jörg

Zeitschrift für Tourismuswissenschaft, 2010, vol. 2, issue 1, 63-79

Abstract: The real estate and financial crisis has hit the international tourism industry hard. As a result, its principal standard-bearer, the hotel industry, is currently suffering from a severe performance downturn. Against the backdrop of this current, crisis-related process of change, the present paper addresses the research issue of whether international hotel chains, who are currently being presented as innocent victims of the real estate and financial crisis, are not in fact themselves implicated in the onset of that crisis in their capacity as hotel sellers on the international real estate and capital markets. Conclusions confirming this hypothesis are set out below, based on the theory of efficient capital markets and backed up by selected practical developments thereof.

Keywords: tourism; hotel industry; real estate and financial crisis; theory of efficient capital markets; Tourismus; Hotellerie; Immobilien- und Finanzkrise; Theorie der effizienten Kapitalmärkte; tourism; hotel industry; real estate and financial crisis; theory of efficient capital markets (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/tw-2010-0107 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:touwis:v:2:y:2010:i:1:p:63-79:n:7

DOI: 10.1515/tw-2010-0107

Access Statistics for this article

Zeitschrift für Tourismuswissenschaft is currently edited by Andreas Kagermeier

More articles in Zeitschrift für Tourismuswissenschaft from De Gruyter
Bibliographic data for series maintained by Peter Golla ().