Abstract:There is a consensus among small Pacific islands that the extent to which they benefit from international tourism largely depends on how much of the value created by tourism remains in the local economy. This study examines how the value created in the hotel industry is distributed among the key stakeholders in a small Pacific island context. We used aggregated income statements of full-service and limited-service hotels from the STR Inc., a hotel industry data company, to calculate the value distribution amon… Show more
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