Competition, agglomeration, and performance of Beijing hotels
Autor: | Paul S. L. Yip, Eric W. K. Tsang |
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Rok vydání: | 2009 |
Předmět: | |
Zdroj: | The Service Industries Journal. 29:155-171 |
ISSN: | 1743-9507 0264-2069 |
Popis: | Agglomeration theory argues that locating close to competitors can be beneficial in terms of gaining from heightened demand – more frequent consumer visits and subsequent purchases through reducing consumer search costs. This paper examines the trade-off between competition and the agglomeration effects of physical proximity in the Beijing hotel industry. It seeks to answer two questions: (1) What types of hotels contribute more to agglomeration? (2) What types of hotels benefit more from agglomeration? The results suggest that only high star-ranking joint venture hotels contribute to heightened demand while hotels of all star rankings benefit similarly from agglomeration. |
Databáze: | OpenAIRE |
Externí odkaz: | |
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