Evaluating the Impact of Sustainable Practices on Hotel Performance and Local Development in Uzbekistan
Keywords:
Sustainable Practices, Hotel Performance, Renewable Energy, Local Developmen, Uzbekistan Tourism, Regression Analysis
Abstract
The aim of this study is to assess the impact of sustainability on hotel (performance) and local development in Uzbekistan, a nation where the tourism sector plays an essential role in driving economic growth. Highlights the sustainable practices in energy and water use, waste management of hotels, renewable energy utilization and sourcing locally. Using a sample of 50 hotels from Uzbekistan the research investigates how these practices impact key performance indicators represented by occupancy rate and profit margin through multiple regression models. The results indicate a positive relationship between the sustainable practices and hotel performance, especially as the mentioned use of renewable energy and local produce which significantly increase occupancy rates and financial consequences. And the acquisition of these practices also becomes a local development, generating jobs and involvement with the community. This study provides valuable insights for hotel managers and policymakers; it underscores the need of adopting sustainable initiatives in ensuring long-term competitiveness and socio-economic progress in Uzbekistan’s hospitality sector.
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Williamson, D. (2022). From corporatist consensus to neo-liberal revolution: a gendered analysis of the hotel workers union and its impact on (un)sustainable employment practices in the New Zealand hotel sector, 1955–2000. Journal of Sustainable Tourism, 30(12), 2878–2894. https://doi.org/10.1080/09669582.2021.1928146
Yang, Y., Li, H., & Roehl, W.S. (2024). COVID-19 pandemic and hotel property performance. International Journal of Contemporary Hospitality Management, 36(1), 71–90.
Aljoghaiman, A., Hasanein, A.M., Elshaer, I.A., & Sobaih, A.E.E. (2024). Does environmental performance make any difference in the relationship between green supply chain management and hotel competitiveness? Logistics, 8(3), 70.
Dung, P.T.H., Hoang, H.T., & Son, N.P. (2024). Unlocking sustainable success: The transformative impact of CSR on hotel performance. Cogent Social Sciences, 10(1), 2392025.
Esawe, A. T. (2024). Impact of environmentally sustainable innovation practices on consumer resistance: the moderating role of value co-creation in eco-hotel enterprises. Consumer Behavior in Tourism and Hospitality, 19(1), 55–69. https://doi.org/10.1108/CBTH-03-2023-0027
Goel, R. (2022). Impact of AI & IOT in Sustainable & Green Practices Adopted in Hotel Industry and Measuring Hotel Guests’ Satisfaction. 2022 10th International Conference on Reliability, Infocom Technologies and Optimization (Trends and Future Directions), ICRITO 2022. https://doi.org/10.1109/ICRITO56286.2022.9965152
Hernández-Guedes, C., Pérez-Rodríguez, J.V., & Manrique-de-Lara-Peñate, C. (2024). Input inefficiencies in the hotel industry: A non-radial directional performance measurement. Tourism Economics, 30(7), 1753–1779.
Hernández-Guedes, C., Pérez-Rodríguez, J.V., & Manrique-de-Lara-Peñate, C. (2024). Input inefficiencies in the hotel industry: A non-radial directional performance measurement. Tourism Economics, 30(7), 1753–1779.
Khalil, N., Che Abdullah, S.N., Haron, S.N., & Hamid, M.Y. (2024). A review of green practices and initiatives from stakeholder perspectives towards sustainable hotel operations and performance impact. Journal of Facilities Management, 22(4), 653–682.
Khalil, N. (2024). A review of green practices and initiatives from stakeholder’s perspectives towards sustainable hotel operations and performance impact. Journal of Facilities Management, 22(4), 653–682. https://doi.org/10.1108/JFM-03-2022-0025
Laškarin Ažić, M., Cerović, M., & Ivančić, I. (2024). The impact of perceived top management support on job performance through job burnout: Evidence from the hotel industry. Tourism and Hospitality Management, 30(3), 453–458.
Mahmood, F. (2023). Impact of green human resource management practises on sustainable performance: serial mediation of green intellectual capital and green behaviour. Environmental Science and Pollution Research, 30(39), 90875–90891. https://doi.org/10.1007/s11356-023-28541-6
Mehta, K. (2021). Analyzing employee perspectives on the impact of COVID-19 on sustainable practices: a study of five-star hotels in India. Worldwide Hospitality and Tourism Themes, 13(5), 636–645. https://doi.org/10.1108/WHATT-05-2021-0073
Naz, S., Haider, S.A., Khan, S., Nisar, Q.A., & Tehseen, S. (2024). Augmenting hotel performance in Malaysia through big data analytics capability and artificial intelligence capability. Journal of Hospitality and Tourism Insights, 7(4), 2055–2080.
Patwary, A.K., Tosun, C., Sharif, A., Ismail, N.A., & Abuelhassan, A.E. (2024). Measuring sustainable business performance in Malaysian hotels: The roles of green information, green innovation strategic orientation, and digital technology implementation. International Journal of Hospitality Management, 123, 103935.
Santos de Sousa Bento, C.I. (2024). The impact of events on key performance indicators in the hotel industry: The case of Lisbon. European Journal of Tourism Research, 38, 3820.
Saleh, M. M. A. (2023). Factors of applying creative accounting and its impact on the quality of financial statements in Jordanian hotels, sustainable practices. Journal of Sustainable Finance and Investment, 13(1), 499–515. https://doi.org/10.1080/20430795.2021.1962662
Shanti, J. (2022). Examining the impact of environmentally sustainable practices on hotel brand equity: a case of Bangalore hotels. Environment, Development and Sustainability, 24(4), 5764–5782. https://doi.org/10.1007/s10668-021-01682-9
Spaenjers, C., & Steiner, E. (2024). Specialization and performance in private equity: Evidence from the hotel industry. Journal of Financial Economics, 162, 103930.
Williamson, D. (2022). From corporatist consensus to neo-liberal revolution: a gendered analysis of the hotel workers union and its impact on (un)sustainable employment practices in the New Zealand hotel sector, 1955–2000. Journal of Sustainable Tourism, 30(12), 2878–2894. https://doi.org/10.1080/09669582.2021.1928146
Yang, Y., Li, H., & Roehl, W.S. (2024). COVID-19 pandemic and hotel property performance. International Journal of Contemporary Hospitality Management, 36(1), 71–90.
Published
2024-10-21
How to Cite
Sardor, K. (2024). Evaluating the Impact of Sustainable Practices on Hotel Performance and Local Development in Uzbekistan . Central Asian Journal of Innovations on Tourism Management and Finance, 5(6), 332-341. https://doi.org/10.51699/cajitmf.v5i6.756
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