Current issues in hospitality finance III: Monetary policy impact

This book collects six research studies in the field of hospitality finance, especially issues related to the impact of monetary policy changes on hospitality stock returns. This book covers the following themes: A timing strategy for investments in US hospitality stocks; State independence in the impact of monetary policy regime shifts on hospitality index returns; Asymmetric response of hospitality stock prices to Fed policy actions; Cyclical variation in the effect of federal funds target rate surprises on hospitality index returns; Asymmetric effects of monetary policy changes on hospitality stock performance; A close look at the link between hotel stock returns and monetary conditions. The issues, theoretical and methodological innovations, and policy implications based on empirical results from hospitality sectors in different countries contribute to future research in the areas of financial management and investments related to the hospitality and tourism industry. This book can be used as a reference for academics, industry practitioners and policy makers, and for those who are interested in hospitality finance research.