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Luxury hotels mushrooming and extravagant governments

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  • Brian Yuan
  • Jenna Lee

Abstract

This paper empirically examines the effect of nontax revenue on demands for luxury hotels in China where the strict public financial supervision is not well-established. Results indicate the nontax revenue significantly influences luxury hotel demands across the country and that government demands have crowding out effect on private demands for luxury hotels, all of which appear more salient in Chinese underdeveloped areas with more severely deficient public financial supervision.

Suggested Citation

  • Brian Yuan & Jenna Lee, 2017. "Luxury hotels mushrooming and extravagant governments," Current Issues in Tourism, Taylor & Francis Journals, vol. 20(1), pages 43-49, January.
    • Handle: RePEc:taf:rcitxx:v:20:y:2017:i:1:p:43-49
    DOI: 10.1080/13683500.2015.1114593
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