This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window
Open in New Tab
Open in same window
Journal of Economic Perspectives: Vol. 20 No. 4 (Fall 2006)
JEP Volume. 20, Issue 4 | 
Previous ArticleNext Article
Sign up for Email Alerts Follow us on Twitter
Full-text Article (Complimentary)
View Comments on This Article (0) | Login to post a comment
Previous ArticleNext Article
Expand
Quick Tools:
Print Article Summary Email Link to this Article Export CitationSign up for Email Alerts Follow us on Twitter
Explore:
Markets: The U.S. Lodging Industry
Article Citation
Kalnins, Arturs. 2006. "Markets: The U.S. Lodging Industry."
Journal of Economic Perspectives,
20(4): 203-218.
DOI: 10.1257/jep.20.4.203
DOI: 10.1257/jep.20.4.203
Abstract
The U.S. lodging industry appears highly competitive. Ownership concentration appears to be low. Fixed costs are high relative to variable costs and unused rooms cannot be stored for future sale, so price-cutting should be attractive. However, this paper argues that, unexpectedly, oligopolistic market structures in many local lodging markets, combined with behavioral norms of cooperation, sustain profits in what might otherwise be an industry of cutthroat competition. I describe the patterns of competition and cooperation in the U.S. lodging industry, summarizing theoretical arguments, empirical research, descriptive statistics from industry and government sources, and anecdotal evidence from the trade press and from interviews conducted with managers of over 200 properties nationwide.
Article Full-Text Access
Full-text Article (Complimentary)
Authors
Kalnins, Arturs
Comments
View Comments on This Article (0) | Login to post a comment
