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Are lodging revenue cycles leading indicators for shifts in financial well-being?

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  • Damonte, L. Taylor
  • Woodside, Arch G.

Abstract

The study contributes a natural experiment on the impact of tourism destination visit dynamic on national financial well-being. The study tracks the weekly rate of change in lodging demand in a top-ten U.S. vacation destination by visitor count, the Myrtle Beach area (“Grand Strand”), South Carolina The study covers a fifteen-year period on the relative strength of business valuation as measured by the Dow Industrial Index. The findings suggest that trends in lodging industry performance in a leisure travel destination such as the Myrtle Beach area may be a leading indicator of change in business valuation at the national level. In reporting on limitations, natural experiments need to include discussions of sources of invalidity such as the sources that appear in this study.

Suggested Citation

  • Damonte, L. Taylor & Woodside, Arch G., 2021. "Are lodging revenue cycles leading indicators for shifts in financial well-being?," Journal of Business Research, Elsevier, vol. 129(C), pages 465-473.
    • Handle: RePEc:eee:jbrese:v:129:y:2021:i:c:p:465-473
    DOI: 10.1016/j.jbusres.2020.01.037
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    References listed on IDEAS

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    1. Francisco Alpizar & Fredrik Carlsson & Olof Johansson-Stenman, 2008. "Does context matter more for hypothetical than for actual contributions? Evidence from a natural field experiment," Experimental Economics, Springer;Economic Science Association, vol. 11(3), pages 299-314, September.
    2. Noelia Oses & Jon Kepa Gerrikagoitia & Aurkene Alzua, 2016. "Modelling and prediction of a destination’s monthly average daily rate and occupancy rate based on hotel room prices offered online," Tourism Economics, , vol. 22(6), pages 1380-1403, December.
    3. Alberto Abadie & Javier Gardeazabal, 2003. "The Economic Costs of Conflict: A Case Study of the Basque Country," American Economic Review, American Economic Association, vol. 93(1), pages 113-132, March.
    4. Milton Friedman, 2005. "A Natural Experiment in Monetary Policy Covering Three Episodes of Growth and Decline in the Economy and the Stock Market," Journal of Economic Perspectives, American Economic Association, vol. 19(4), pages 145-150, Fall.
    5. Manral, Lalit & Harrigan, Kathryn R., 2018. "The logic of demand-side diversification: Evidence from the US telecommunications sector, 1990–1996," Journal of Business Research, Elsevier, vol. 85(C), pages 127-141.
    6. Alpizar, Francisco & Carlsson, Fredrik & Johansson-Stenman, Olof, 2008. "Full title Does Context Matter More for Hypothetical Than for Actual Contributions? Evidence from a Natural Field Experiment," RFF Working Paper Series dp-08-02-efd, Resources for the Future.
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    Cited by:

    1. Sehrish Atif & Shehzad Ahmed & Muhammad Wasim & Bassam Zeb & Zeeshan Pervez & Lorraine Quinn, 2021. "Towards a Conceptual Development of Industry 4.0, Servitisation, and Circular Economy: A Systematic Literature Review," Sustainability, MDPI, vol. 13(11), pages 1-27, June.

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