Financial Impact of LEED and Energy Star Certifications on Hotel Revenues [Summary]

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Date

2019-02-26

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Journal ISSN

Volume Title

Publisher

Virginia Tech

Abstract

This study examines the topline performance of a cross-section of hotels in the United States from 2009 to 2013 to test whether eco-labeled (LEED or Energy Star, in particular) properties generated revenue performance premiums over noncertified hotels. In other words, does it pay to acquire these labels? Regressions included regional, class, chain scale, size, and location controls. Custom comparable clusters were also separately tested.

Description

Keywords

LEED, Energy Star, green hotels, revenue performance, hotel revenue, RevPar

Citation