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This paper examines the short-term market reaction of European tourism and hospitality industry to the beginning of the …
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Purpose - The present research aims to examine a range of momentum trading strategies for the tourism and hospitality … hospitality and tourism sector. These results are robust to size, different formation and holding combinations, beta and turnover …. Research limitations/implications - Regarding the research limitations, this paper only considers the US tourism and …
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We examine the post-IPO excess stock returns of hospitality firms from 1996 to 2012 and find underperformance relative to the market on average. However, there are large differences in returns and some firms significantly outperform. We demonstrate that a substantial portion of this variation...
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