VTechWorks staff will be away for the Thanksgiving holiday beginning at noon on Wednesday, November 27, through Friday, November 29. We will resume normal operations on Monday, December 2. Thank you for your patience.
 

Leveraging profit from the fixed-variable cost ratio: the case of new hotels in Spain

Simple item page
dc.contributor.authorNicolau, Juan Luisen
dc.date.accessioned2024-07-30T17:39:26Zen
dc.date.available2024-07-30T17:39:26Zen
dc.date.issued2005-02-01en
dc.description.abstractThe aim of this paper is to detect the variations in the risk of a hotel chain's performance derived from opening a new lodging establishment. Investments requiring huge fixed costs have a direct effect on the operating leverage of a firm; consequently, the analysis of the changes in the operating leverage derived from strategic decisions is a crucial aspect since it allows to shed some light on the degree of sensitivity of the firm to variations in demand. In order to operationalise the assessment of the risk, the volatility of returns is used. For this purpose, it is employed, for the first time in the hotel industry, a methodology based on GARCH-family models to detect such changes.en
dc.description.versionAccepted versionen
dc.format.extentPages 105-111en
dc.format.extent7 page(s)en
dc.format.mimetypeapplication/pdfen
dc.identifier.doihttps://doi.org/10.1016/j.tourman.2003.08.020en
dc.identifier.eissn0261-5177en
dc.identifier.issn0261-5177en
dc.identifier.issue1en
dc.identifier.orcidNicolau Gonzalbez, Juan [0000-0003-0048-2823]en
dc.identifier.urihttps://hdl.handle.net/10919/120777en
dc.identifier.volume26en
dc.language.isoenen
dc.publisherElsevieren
dc.relation.urihttp://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000225817200010&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=930d57c9ac61a043676db62af60056c1en
dc.rightsCreative Commons Attribution 4.0 Internationalen
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en
dc.subjectdecision analysisen
dc.subjectoperating leverageen
dc.subjectrisken
dc.subjectvolatilityen
dc.subjecthotelsen
dc.subjectSpainen
dc.titleLeveraging profit from the fixed-variable cost ratio: the case of new hotels in Spainen
dc.title.serialTourism Managementen
dc.typeArticle - Refereeden
dc.type.dcmitypeTexten
dc.type.otherArticleen
dc.type.otherJournalen
pubs.organisational-group/Virginia Techen
pubs.organisational-group/Virginia Tech/Pamplin College of Businessen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/Hospitality and Tourism Managementen
pubs.organisational-group/Virginia Tech/All T&R Facultyen
pubs.organisational-group/Virginia Tech/Pamplin College of Business/PCOB T&R Facultyen

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Nicolau (2005) accepted manuscript.pdf
Size:
464.12 KB
Format:
Adobe Portable Document Format
Description:
Accepted version
Download
License bundle
Now showing 1 - 1 of 1
Name:
license.txt
Size:
1.5 KB
Format:
Plain Text
Description:
Download

Collections

All Faculty Deposits
Scholarly Works, Hospitality and Tourism Management