An Investigation of the Natural Vacancy Rate in the Hong Kong Lodging Market

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https://hdl.handle.net/1813/71328
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Author
Wai, Jonathan
Abstract
Knowing the natural vacancy rate of a real estate market can yield highly useful information regarding future price movements. Past studies have been conducted to predict natural vacancy rates for office properties, but little research has delved into natural vacancy rates for the lodging market, and even less so within Hong Kong. This study aims to provide an estimate for the natural vacancy rate in the Hong Kong lodging market from 2008 to 2016 by using previous rent adjustment models, and also to predict whether the structural rate has changed over time.
Date Issued
2017-01-01
Subject
hotel; hospitality; vacancy rates; Hong Kong; rent change model; tourism; ADR
Committee Chair
Liu, Crocker
Degree Discipline
Hotel Administration
Degree Name
B.S., Hotel Administration
Degree Level
Bachelors of Science
Rights
Required Publisher Statement: Copyright held by the author. Reprinted with permission. All rights reserved.
Type
dissertation or thesis

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