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EnglishThis paper explores the effects generated by the Milan Expo 2015 on local hotels, with a particular focus on seasonality and operating performance. Four different seasonal periods are considered and ten hypotheses formulated. The analysis adopts a longitudinal approach based on STR data. The findings support an overall significant reduction of seasonality. The main effects relate to weak seasonal periods, when demand is predominately centered around only one segment. Concerning operating performance, occupancy, ADR, and RevPAR registered higher values in 2015, demonstrating significant growth when compared to previous years. RevPAR increased in all four periods, especially during the lowest seasonality (112%), triggered by occupancy (50%) and rate (41%). The case study also establishes a qualitative benefit, in that, within the three seasonalities, rates increased more than occupancy, thus improving financial margins. Finally, the Expo reduced the performance gaps between the four seasonal periods.
The Milan World Expo 2015: Hospitality operating performance and seasonality effects, 2017.
| Autori: | Sainaghi, Ruggero; Mauri, Aurelio |
| Data di pubblicazione: | 2017 |
| Titolo: | The Milan World Expo 2015: Hospitality operating performance and seasonality effects |
| Rivista: | |
| Editore: | Elsevier |
| Volume: | 72 |
| Pagina iniziale: | 32 |
| Pagina finale: | 46 |
| Numero di pagine: | 15 |
| Revisione (peer review): | esperti anonimi |
| IF: | con ISI Impact Factor |
| Rilevanza: | internazionale |
| Lingua: | English |
| Digital Object Identifier (DOI): | http://dx.doi.org/10.1016/j.ijhm.2017.12.009 |
| Settore Scientifico Disciplinare: | Settore SECS-P/08 - Economia e Gestione delle Imprese Settore SECS-P/07 - Economia Aziendale |
| Keywords: | Milan Expo Hospitality operating performance Seasonality Event management |
| Abstract: | This paper explores the effects generated by the Milan Expo 2015 on local hotels, with a particular focus on seasonality and operating performance. Four different seasonal periods are considered and ten hypotheses formulated. The analysis adopts a longitudinal approach based on STR data. The findings support an overall significant reduction of seasonality. The main effects relate to weak seasonal periods, when demand is predominately centered around only one segment. Concerning operating performance, occupancy, ADR, and RevPAR registered higher values in 2015, demonstrating significant growth when compared to previous years. RevPAR increased in all four periods, especially during the lowest seasonality (112%), triggered by occupancy (50%) and rate (41%). The case study also establishes a qualitative benefit, in that, within the three seasonalities, rates increased more than occupancy, thus improving financial margins. Finally, the Expo reduced the performance gaps between the four seasonal periods. |
| Numero degli autori: | 2 |
| Supporto: | Online |
| Data di accettazione: | 2017 |
| Appare nelle tipologie: | 1.01 Articolo in rivista |
File in questo prodotto:
| File | Descrizione | Tipologia | Licenza | |
|---|---|---|---|---|
| IJHM sainaghi mauri 72 2018.pdf | N/A | Administrator |
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