- ISSN: 2155-7950
- Journal of Business and Economics
— Empirical Analysis Based on Panel Data of Guangdong-Hong Kong-Macao Greater Bay Area
Cien Wu, Pingfan Pi
(School of Culture Tourism and Geography, Guangdong University of Finance and Economics, Guangzhou, China)
Abstract: With the development of economic globalization, the multinational operation of hotels has also developed rapidly. Since the reform and opening up, China has succeeded in obtaining a sustained and rapid economic growth, marked increase in the overall national strength. As one of the most open and dynamic economic regions in China, the Guangdong-Hong Kong-Macao Greater Bay Area (the GBA) has attracted large amount of investment from multinational hotels by virtue of its good location and developed economy. Taking five multinational hotels in the GBA as the research sample, this paper collects second-hand data through the official government website. The spatial distribution characteristics and economic influencing factors of multinational hotels among 11 cities in the GBA have been analyzed by using mapping software, Stata 15.0 and other analysis tools.
Key words: multinational hotels, spatial distribution, spatial econometric model, the Guangdong-Hong Kong-Macao Greater Bay Area
JEL codes: L8, R3