Cornell University - Hospitality
EGBOK
Member Board Of Directors
I participate as a member of the Board of Directors and a member of the finance committee for The Center for Transformative Action (CTA). This organizaion helps create communities that are socially just
ecologically sound
and work for everyone. We do this through our educational programs
and by supporting system-changing projects with incubator and fiscal sponsorship services. Our projects work to transform the structures
as well as the habits of mind
that produce inequities in our communities
country
and the world. Through their innovative methods
as well as their successes and challenges
they show us what is possible.
The Center for Transformative Action
Customer Service
Staff Development
Event Management
Change Management
Management
Human Resources
Leadership Development
Research
Public Speaking
Social Media
Strategic Planning
E-Learning
Hospitality
Entrepreneurship
Business Strategy
Leadership
Strategy
Higher Education
Hotels
Teaching
How Fast Do New Hotels Ramp Up Performance?
María-del-Val Segarra-Oña
Ángel Peiró-Signes
Using an event study methodology and data from 3
494 new entrants in the U.S. lodging industry
this paper examines how quickly new hotels ramp up their performance after opening. For the years 2006 through 2009
new entrants entered with average daily rates (ADRs) above incumbents
and took seven quarters (1.75 years) to ramp up occupancies to the levels of comparable incumbent hotels. These averages include performance behavior of brand-managed
franchisee-managed
and unaffiliated independent hotel new ventures compared with incumbent hotels in similar geographic markets
locations
and price segments. Overall
new hotels reached comparable revenue per available room (RevPAR) performance by the second quarter of the second year of operation. RevPAR ramp-up was earlier for brand-managed hotels (first quarter of the second year)
an outcome primarily attributable to higher occupancies and lower initial ADRs. Independent hotels took substantially longer than other new entrants to reach the RevPAR performance of existing hotels. Based on the faster ramp-up of new branded properties
the chief implication is that hotel developers should consider affiliating with a brand for quicker stabilization and short-term gain. The speed of hotels’ ramp-up also calls into question the conventional view that new hotels represent a relatively risky investment.
How Fast Do New Hotels Ramp Up Performance?
Strategic Partnering
Linda Canina
Grounded in the knowledge-based view of the firm
this paper compares the performance outcomes from different modes of new venture entry. Data from new hotels entering the United Kingdom between 2006–2010 was used to explore how entry mode (i.e.
franchised or independent) impacts post-entry firm performance. Controlling for market demand and market segments
this study found that affiliation with a franchise made it easier for new owners to ramp up revenues in the first six months if the service had a high level of operational complexity (e.g.
full-service hotels). After this initial benefit period no significant performance benefit accrued to branded full-service hotels. In contrast
hotels that offered less complex services obtained higher levels of performance when relying on independent status vs. brand affiliation between six and twenty-four months after entry. Implications of the results are offered in the context of determining the value of explicit versus tacit knowledge obtained from external sources versus going it alone as an entrepreneur.
The Relationship Between New Entry Mode and Firm Performance
Conference Theme (2014)\nThe Future of Service Innovation: The New Science of People
Organizations
Data
and Technology
Patricia Balk
Jennifer Macera
Cathy
Enz
Responsible for the leadership
strategic direction
and management of the Center for Hospitality Research
the Institute for Hospitality Entrepreneurship
executive education
and corporate relations.
Cornell University
Responsible for the leadership
strategic direction
and management of all operational areas of the Center
including formulation of a comprehensive business plan
the establishment of a corporate relations and fund raising plan
supervision of staff
management of all budgets and financial reports
and the development of strategic alliances with external partners. Responsible for managing all CHR media
publication
and journal operations. Overseeing fundraising activities and managing all budgets and expenses.
Cornell University
Holder of The Lewis G. Schaeneman Jr. Endowed Chaired Professorship of Innovation and Dynamic Management
Cornell University
School of Hotel Administration.
Cornell University
Cornell University
Cornell University
Indiana University Bloomington
Ithaca
New York
The associate dean for academic affairs is the lead academic officer within the school
responsible for all of the school's curricular functions
which includes coordinating curriculum development with the faculty
planning and scheduling courses
overseeing student academics
monitoring \"teaching\" quality assurance
providing instructional support
and offering teaching and research resources. The associate dean for academic affairs is also responsible for the school's academic personnel functions: faculty searches
\nreappointments
promotions
faculty performance reviews
and research development.
Associate Dean For Academic Affairs
School of Hotel Administration
SC Johnson College of Business
Cornell University
Indiana University Bloomington
Ph.D.
Business
Strategy
Organization Theory
The Ohio State University - The Max M. Fisher College of Business
Tempe High School
B.S.
Management
Cathy Enz - Hotel Pricing Strategy - Cornell Center for Hospitality Research
Professor Cathy Enz explains the effects of hotel pricing strategy on revenue
with the idea of focusing on the \"right price.\" Download the corresponding research here http://www.hotelschool.cornell.edu/research/chr/pubs/reports/abstract-16079.html
Cathy Enz - Hotel Pricing Strategy - Cornell Center for Hospitality Research