This study develops an updated ranking of hospitality and tourism journals by assessing the influence assigned to those journals by researchers in each field. Journals are evaluated utilizing data collected from two groups, 62 of the top 100 researchers and 463 other researchers in the fields of hospitality and tourism. Results suggest that journals that are considered "top tier" in tourism and hospitality have remained relatively constant over the years. However, there is little consistency among the rankings of journals beyond the top journals in both fields. Annals of Tourism Research, Tourism Management, and Journal of Travel Research are found to be top journals in the field of tourism while International Journal of Hospitality Management and Journal of Hospitality & Tourism Research are identified as the top journals in the field of hospitality.
Supply and demand imbalances in hotel markets are known to cause short-term growth or declines in rate and are largely (but inefficiently) self-correcting over the long term. However, looking at aggregated monthly supply and demand shifts for a market overlooks the dramatic shifts that typically occur daily within a market. Building on natural occupancy rate theory and using daily performance over a 5-year period for the Seattle Metropolitan Statistical Area (MSA) and submarkets, this study shows that examining daily occupancy patterns provides important insights into average rate growth. Furthermore, the analysis shows that the real average rate growth is a function of not only absolute occupancy levels relative to the market’s natural occupancy rate but also relative changes in occupancy, and that change in occupancy moderates the relationship between occupancy and average rate growth. In addition, submarkets within the MSA have significantly different attributes, including different natural occupancy levels and different responses to changes in occupancy. Implications for hotel investors, managers, and policy planners are then presented.
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