Impacts of timeshare operation on publicly traded U.S. hotels' firm value, risk and accounting performance

Catherine Mbidde Nabawanuka, Seoki Lee

Research output: Contribution to journalArticle

9 Scopus citations

Abstract

With 1615 timeshare resorts and 176,232 units in the U.S. in 2006 and making an economic impact of approximately $92 billion on the U.S. economy in 2005, the timeshare industry has proved as one of the fastest growing segments of the hospitality and travel industry. However, little research has investigated the impacts of timeshare operations on lodging firms' financial issues. The main purpose of this study is to investigate the impact of timeshare operation on lodging firm's financial value, risk and accounting performance. Findings suggest that the existence of an inverted U-shaped relationship between timeshare operation and lodging firm value; however timeshare operation shows a U-shaped relationship with ROE and no relationship with risk.

Original languageEnglish (US)
Pages (from-to)221-227
Number of pages7
JournalInternational Journal of Hospitality Management
Volume28
Issue number2
DOIs
StatePublished - Jun 1 2009

All Science Journal Classification (ASJC) codes

  • Tourism, Leisure and Hospitality Management
  • Strategy and Management

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