Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/88962
Title: | Fluctuations in Hong Kong hotel industry room rates under the 2019 novel coronavirus (COVID-19) outbreak : evidence from big data on OTA channels | Authors: | Wu, F Zhang, Q Law, R Zheng, T |
Issue Date: | 2-Sep-2020 | Source: | Sustainability, 2 Sept. 2020, v. 12, no. 18, 7709, p. 1-17 | Abstract: | The infectious pneumonia caused by the 2019 novel coronavirus (COVID-19) has spread rapidly worldwide, crippling the global tourism industry's development and operations. In Hong Kong, where tourism is a pillar industry, the hotel industry is essential to maintaining a stable economy. Facing multiple forms of pressure, the industry's status deserves close attention. More than 200 hotels in Hong Kong were taken as the research set in this study. A Python-based web crawler was used to collect daily hotel prices from various online travel agencies. Repeated-measures analysis of variance (ANOVA), correlation analysis, and descriptive analysis were employed to study hotels' room rate fluctuations over time. Results indicated that room rates across hotels in Hong Kong were primarily influenced by holidays and festivities prior to COVID-19, whereas rates tended to decline after the outbreak. Data analysis based on hotels' star ratings revealed that 5-star hotels were relatively less affected by COVID-19 while 4- and 4.5-star hotels were most seriously affected. District-level analysis also showed that hotel room rates were differentially influenced by the virus: Hong Kong's Islands district was hit hardest, followed by Kowloon. These findings offer valuable implications for hotel managers and relevant government departments in making rational decisions based on the current market state. |
Keywords: | Big data COVID-19 Hong kong Hotel industry Price fluctuation |
Publisher: | Molecular Diversity Preservation International (MDPI) | Journal: | Sustainability | EISSN: | 2071-1050 | DOI: | 10.3390/su12187709 | Rights: | © 2020 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (http://creativecommons.org/licenses/by/4.0/). The following publication Wu, F.; Zhang, Q.; Law, R.; Zheng, T. Fluctuations in Hong Kong Hotel Industry Room Rates under the 2019 Novel Coronavirus (COVID-19) Outbreak: Evidence from Big Data on OTA Channels. Sustainability 2020, 12, 7709 is available at https://dx.doi.org/10.3390/su12187709 |
Appears in Collections: | Journal/Magazine Article |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Wu_Fluctuations_Hong_Kong.pdf | 1.21 MB | Adobe PDF | View/Open |
Page views
120
Last Week
0
0
Last month
Citations as of Sep 22, 2024
Downloads
55
Citations as of Sep 22, 2024
SCOPUSTM
Citations
23
Citations as of Sep 26, 2024
WEB OF SCIENCETM
Citations
16
Citations as of Sep 26, 2024
Google ScholarTM
Check
Altmetric
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.