Studies that have examined the relationship between environmental performance and the financial performance of hotels are inconclusive because some have found positive relationships and others negative links. For this reason, literature demands new research to expand knowledge about the variables that could have a mediating or moderating role in this relationship. During this paper, three models have been contrasted using the Partial Least Squares (PLS) methodology, which is particularly suitable to test the relationships between environmental performance and financial performance in the hotel industry. This is the first study to provide an integrated model involving environmental performance, financial performance, and the moderate mediation offered by reputation in the hotel industry. The results suggest that hotels that make efforts towards environmental performance achieve better financial performance and that the hotel's reputation plays a decisive moderating role in this relationship.

关于环境绩效与酒店财务绩效之间关系的研究尚无定论，因为一些研究发现了积极的关系，而另一些则发现了消极的联系。出于这个原因，文献需要新的研究来扩展关于可能在这种关系中起中介或调节作用的变量的知识。在本文中，使用偏最小二乘法 (PLS) 方法对三个模型进行了对比，该方法特别适用于测试酒店业环境绩效与财务绩效之间的关系。这是第一个提供综合模型的研究，该模型涉及环境绩效、财务绩效和酒店业声誉提供的适度中介。