The impact of management structure on the performance of hotel real estate

Ed Nozeman and Arno van der Vlist

ERES from European Real Estate Society (ERES)

Abstract: The hotel market has seen a global shift towards a separation of hotel ownership and management control. While academic research does pay considerable attention to hotel price determinants with an emphasis on socio-economic, demographic and property characteristics, limited research addresses the interplay with corporate governance mechanisms like leadership and ownership.This contribution aims to fill the gap in knowledge about the role of management structure. Do different types of ownership and management structure influence the performance of hotels, and if so to which extent?Based on literature research and analysis of data on management structure, rents and hotel performance we shed light on the interplay of management structure and performance. We use a private database on Dutch hotels for the period 2000-2014 and draw interesting comparisons across fully independent hotels and chain-brand hotels with varying management control types. Results will be compared with the outcome of mainly non- European research.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2016-01-01
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2016_96

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