Asset-light Business Model: Strategies for Hotels During the Pandemic
By Kwanglim Seo, Ph.D., Associate Professor, University of Hawaii, Manoa – School of Travel Industry Management Introduction It is not surprising that an asset-light business model (ALBM) has fundamentally reshaped the hotel industry, because it focuses primarily on operations rather than investments in physical assets. Recently, shared economy-based businesses like Uber and Airbnb, which thrive […]