Liu, PengSanhaji, Zied2020-09-042020-09-042010-07-015417132https://hdl.handle.net/1813/70676Most hotels maintain resource-intensive operations in order to serve guests around the clock. Therefore, it is important to consider lodging properties with respect to environmental concerns. Though the public has become increasingly cognizant of the environmental impact of real estate in general, it has, for a long time, ignored the specific contributions of hotels to today’s environmental decay. However, a growing number of hoteliers realize that a shift in demand towards more sustainable practice has occurred, and the recent introduction of lodging properties to green rating systems testifies to this shift. The present study is intended to provide convincing evidence of the economic value of green certifications through the lens of the lodging industry.en-USRequired Publisher Statement: © Cornell University. Reprinted with permission. All rights reserved.Cornellreal estatehotelenvironmental impactenvironmental decayhotelierlodging propertiesgreen rating systemgreen certificationsvalue-addedGreen-labeledgreen washingEnvironmental Sustainabilityfossil fuelU.S. Environmental Protection Agency (EPA)U.S. Green Building Council (USGBC)Leadership in Energy and Environmental Design (LEED)Water ConservationEnergy ConservationWaste Minimizationcompact fluorescent light bulbs (CFLs)article