In the Face of the Epidemic, How Does the Hotel Industry Recover: Evidence from Hilton’s Strategy Adjustment
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DOI: 10.23977/WTED2022.008
Author(s)
Jiayi Chen, Yushu Jin, Jinjie Ou
Corresponding Author
Yushu Jin
ABSTRACT
One of the biggest victims of COVID-19 has been the hotel industry, which has struggled to recover after the disease spread. Many hotels are going out of business, but others are finding different ways to survive. Hilton is an image standard for the hotel industry, able to respond quickly to damage. Marriott and OYO, as Hilton’s counterpoint, face different challenges. This paper summarizes the methods of Hilton’s rapid recovery through the vertical comparison with its pre-pandemic strategies, and some favorable strategies that other hotels can learn from through the horizontal comparison with another two hotels, Marriott and OYO, in hope of assisting more and more hotels to recover from the pandemic.
KEYWORDS
Hotel Industry, Strategic Adjustment, Recover, COVID-19