Tourism and Hospitality, Volume 7, Issue 1
2026 January - 27 articles
Cover Story: This study investigates a counter-intuitive phenomenon where Macao’s Herfindahl–Hirschman Index (HHI) declined during the COVID-19 pandemic, suggesting apparent diversification. Using counterfactual simulations, we reveal this trend as a “resilience illusion” driven entirely by the “denominator effect” from the gaming sector’s collapse, rather than genuine structural optimization. Furthermore, the study identifies a “structural lag” in the labor market. We document a dual divergence mechanism: while sectors with high skill specificity (e.g., gaming) engaged in “labor hoarding,” those with high universality (e.g., transport) shifted toward “workforce casualization,” exacerbating job precarity. These findings expose the macro-indicator trap in tourism mono-economies. View this paper - Issues are regarded as officially published after their release is announced to the table of contents alert mailing list .
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