气候变化领域集成服务门户(CCPortal): Loss of profit in the hotel industry of the United States due to climate change

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DOI	10.1088/1748-9326/ab2dce
	Loss of profit in the hotel industry of the United States due to climate change
	He P.; Qiu Y.; Wang Y.D.; Cobanoglu C.; Ciftci O.; Liu Z.
发表日期	2019
ISSN	17489318
卷号	14 期号:8
英文摘要	Tourism has been identified as a key economic sector vulnerable to climate change, yet direct empirical evidence is still lacking on the economic gain and loss of the tourism industry due to climate change. Here we find that temperature significantly affects the profits of the hotel industry with both spatial and seasonal heterogeneity. By using a rich dataset of the monthly financial records of more than 1700 hotels in 50 US states during 2016-2018 (approximately 3.2% of hotels nationally), we show that a deviation from 18 C ∼ 20 C in monthly averaged temperature leads to a decrease in the profit rate. The effect is triggered by fewer customers, less revenue, and higher cost per occupied room partially due to the increased usage of electricity and water. Such an effect can be lasting and is less impactful for higher chain scale hotels. In future GHG emission scenarios, climate change will lead to a loss of profit in most climate zones particularly the southern regions, with higher GHG emissions leading to a more serious effect. This study contributes to the literature on how climate change affects human activities and helps refine the relevant damage function of climate change on tourism in existing climate models. © 2019 The Author(s). Published by IOP Publishing Ltd.
英文关键词	climate change; hospitality; profit; weather
语种	英语
scopus关键词	Climate models; Greenhouse gases; Hotels; Profitability; Weathering; Damage functions; Economic gains; Economic sectors; Financial records; hospitality; Hotel industry; Human activities; Tourism industry; Climate change; climate change; climate conditions; climate modeling; greenhouse gas; hospitality industry; hotel industry; human activity; nature-society relations; United States
来源期刊	Environmental Research Letters
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/154447
作者单位	Department of Earth System Science, Institute for Global Change Studies, Tsinghua University, Beijing, 100084, China; School of Public Policy, University of Maryland College Park, College Park, MD 20742, United States; School of Banking and Finance, University of International Business and Economics, Beijing, 100096, China; M3 Center for Hospitality Technology and Innovation, University of South Florida Sarasota-Manatee, Sarasota, FL 34243, United States
推荐引用方式 GB/T 7714	He P.,Qiu Y.,Wang Y.D.,et al. Loss of profit in the hotel industry of the United States due to climate change[J],2019,14(8).
APA	He P.,Qiu Y.,Wang Y.D.,Cobanoglu C.,Ciftci O.,&Liu Z..(2019).Loss of profit in the hotel industry of the United States due to climate change.Environmental Research Letters,14(8).
MLA	He P.,et al."Loss of profit in the hotel industry of the United States due to climate change".Environmental Research Letters 14.8(2019).