Uncovering the effect of environmental performance on hotels’ financial performance: a global outlook

Dengjun Zhang and Jinghua Xie

Current Issues in Tourism, 2021, vol. 24, issue 20, 2849-2854

Abstract: Using a sample of 6,657 hotels from 67 low-income countries and 65 high-income countries, we estimated the impact of environmental performance on hotels’ sales and profit margins. The positive impact of environmental performance on sales for the two groups of countries indicates that the green hotels created market differentiation and attracted eco-friendly tourists. For high-income countries, the profit margin in green hotels is 1.7% higher than in other hotels. For low-income countries, the lack of a positive impact of environmental performance on green hotels’ profit margins implies a lower environmental efficiency of environmental practices.

Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://hdl.handle.net/10.1080/13683500.2020.1852197 (text/html)
Access to full text is restricted to subscribers.

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:taf:rcitxx:v:24:y:2021:i:20:p:2849-2854

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/rcit20

DOI: 10.1080/13683500.2020.1852197

Access Statistics for this article

Current Issues in Tourism is currently edited by Jennifer Tunstall

More articles in Current Issues in Tourism from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().