infonet-economy

This paper examines the topline performance of a cross-section of hotels in the United States from 2009-2013 to test whether green certified properties, LEED or Energy Star, generated revenue performance premiums over non-certified hotels. In other words, does it pay to be green? Regressions included regional, class, chain scale, size, and location controls. Custom comparable clusters were also separately test ed. Results show that LEED labeled hotels experience higher ADR bu t lower occupancy rates, resulting in a statistically insignificant difference in RevPAR. Energy Star labeled buildings consistently showed higher occupancy