Too Much of a Good Thing? The Economic Impact of Hotel Investment in Hainan

Dai, Shanshan and Xu, Honggang and Pratt, Stephen (2017) Too Much of a Good Thing? The Economic Impact of Hotel Investment in Hainan. Journal of China Tourism Research, 13 (1). pp. 26-45. ISSN 1938-8160

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Abstract

Hotel investment is assumed to provide many positive benefits to the local economy. Given strong tourism growth in China, the impacts of large increases in new hotel investment in China warrants further investigation. A regional computable general equilibrium model was developed to empirically examine the economic impact of large hotel investment in the Hainan province, China. The net economic impact of hotel investment on gross domestic product and employment were evaluated. The model also investigated sectoral production effects. The results showed that investment in the hotel industry moderately boosts all industry sectors and improves economic output and employment. Transmission mechanisms were identified to provide insights for future hotel investment policies.

Item Type:	Journal Article
Subjects:	H Social Sciences > H Social Sciences (General)
Divisions:	Faculty of Business and Economics (FBE) > School of Tourism and Hospitality Management
Depositing User:	Stephen Pratt
Date Deposited:	14 Feb 2019 00:52
Last Modified:	14 Feb 2019 00:52
URI:	https://repository.usp.ac.fj/id/eprint/11207

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