Hotel terrorist attacks and their worldwide/USA performance implications Online publication date: Tue, 01-Mar-2016
by Sofia Dermisi
International Journal of the Built Environment and Asset Management (IJBEAM), Vol. 1, No. 4, 2015
Abstract: In recent years terrorists shifted their focus towards 'soft targets', such as hotels, and mass transnational casualties which are analysed in this paper from 1996 through 2014. The trends explored, include: attack cyclicality, factors affecting their frequency, and the financial fallout among luxury, mid-price and economy hotels. The results suggest an 8-year attack cycle on hotels and a 3-year on casualties, with the attack frequency increasing by 75% after 11 September 2001 and new hot spots recently generated. Additionally, countries which are predominantly Muslim, with radical elements, experience a 52% increase in the frequency of attacks on hotels. However, only the luxury hotel Average Daily Rate (ADR) and Revenue-per-Available Room (RevPAR) decreased by 6.9% worldwide and 1.7% in the USA when hotel terrorist attacks occurred. Other socio-economic variables (e.g. GDP/capita, oil prices, recessions) applied had either a non-effect or a diverse effect on attack frequency and hotel revenue.
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of the Built Environment and Asset Management (IJBEAM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.
If you still need assistance, please email subs@inderscience.com
Our Blog 
Follow us on Twitter 
Visit us on Facebook