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Inbound Tourism, Hospitality Business, and Market Structure
Xinhua Gu; Li Sheng; Chun Yip Yuen
2019-08-23
Source PublicationJournal of Hospitality & Tourism Research
ISSN1096-3480
Volume43Issue:8Pages:1326-1335
Other Abstract

In this article, a standard model is used to examine the economic effect of market structure in travel destinations. We show that favorable changes in the push and pull factors are good for enhancing local hospitality business to the extent that they stimulate external tourism demand. We also find that rising competition in the hospitality industry, albeit boosting its sales, may have no effect on its revenue but can affect its profitability adversely due to resulting price drops that are desirable only to incoming visitors. Our policy implication is that there is no need to push for competitive industry structure, which is locally inefficient given that hospitality business catering to nonresident tourists is for profit and not for altruism.

KeywordTourism Demand Local Welfare Travel Destination Hospitality Supply Market Structure Oligopoly Competition
DOIhttps://doi.org/10.1177/1096348019870574
Indexed BySSCI
Language英语
WOS Research AreaSocial Sciences - Other Topics
WOS SubjectHospitality, Leisure, Sport & Tourism
WOS IDWOS:000483328300001
PublisherSAGE PUBLICATIONS INC, 2455 TELLER RD, THOUSAND OAKS, CA 91320 USA
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Cited Times [WOS]:0   [WOS Record]     [Related Records in WOS]
Document TypeJournal article
CollectionFaculty of Business Administration
DEPARTMENT OF GOVERNMENT AND PUBLIC ADMINISTRATION
DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS
DEPARTMENT OF ACCOUNTING AND INFORMATION MANAGEMENT
Corresponding AuthorXinhua Gu
AffiliationUniversity of Macau
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Xinhua Gu,Li Sheng,Chun Yip Yuen. Inbound Tourism, Hospitality Business, and Market Structure[J]. Journal of Hospitality & Tourism Research,2019,43(8):1326-1335.
APA Xinhua Gu,Li Sheng,&Chun Yip Yuen.(2019).Inbound Tourism, Hospitality Business, and Market Structure.Journal of Hospitality & Tourism Research,43(8),1326-1335.
MLA Xinhua Gu,et al."Inbound Tourism, Hospitality Business, and Market Structure".Journal of Hospitality & Tourism Research 43.8(2019):1326-1335.
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