Current issues in hospitality finance II: Economic influences

This book collects seven research studies in the field of hospitality finance, especially issues related to economic influences on hospitality stock performance. This book covers the following themes: - The impact of economic and non-economic factors on hotel stock returns; - Hotel stock performance and monetary conditions; - The impact of changes in discount rate and federal funds rate on hospitality stock returns; - The impact of demand and supply shocks on hospitality stock returns; - Interactions between business conditions and financial performance of tourism firms; - The reaction of hospitality stock prices to monetary policy announcements. The issues, theoretical and methodological innovations, and policy implications based on empirical results from hospitality sectors in different countries contribute to future research in the areas of financial management and investments related to the hospitality and tourism industry. Accordingly, this book can be used as a reference for academics, industry practitioners and policy makers, and for those who are interested in hospitality finance research.