Modelling casino hospitality business cycles

• Autorzy: Li Sheng , Yechang Yin , Anning Zhang , Jiwei Wu , Ziqing Yang
• Języki publikacji: EN

Abstrakty

EN

This study decomposes the casino hospitality business cycles of Las Vegas and Macao into highgrowth states (HGS) and low-growth states (LGS) using a Markov switching model. The casino gaming sector in Macao experiences greater fluctuations than the sector in Las Vegas due to more volatility in tourism flows; that is, Macao has a slightly higher HGS and a considerably lower LGS than Las Vegas. Las Vegas's hospitality cycle appears to be more robust than Macao's, although both hospitality cycles are desirably asymmetric. Various factors, including external business cycles and supply-side factors, affect local hospitality cycles. In terms of policy suggestions, the study's results suggest that promotional marketing must be strengthened in Las Vegas, and Macao must diversify its industrial base.(original abstract)

Słowa kluczowe

EN

Business cycles; Hotel services marketing

PL

Cykl koniunkturalny; Marketing usług hotelarskich

• Czasopismo: Argumenta Oeconomica
• Rocznik: 2023
• Numer: nr 1 (50)
• Strony: 33--41

Twórcy

autor

Li Sheng

• School of Political Science and Public Administration of Shandong University, China

autor

Yechang Yin

• University of Macau, Macao, China

autor

Anning Zhang

• University of Macau, Macao, China

autor

Jiwei Wu

• University of Macau, Macao, China

autor

Ziqing Yang

• University of Macau, Macao, China

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Identyfikatory

DOI

DOI: 10.15611/aoe.2023.1.02