“…So far, the within-subject-specific reviews have centred on hospitality marketing (e.g., Line and Runyan, 2012;Yoo et al, 2011;Oh et al, 2004;Bowen and Sparks, 1998), human resources (Guerrier and Deery, 1998), finance and financial management (Jang and Park, 2011;Tsai et al, 2011), strategic management (Olsen, 2004;Olsen and Roper, 1998), information technology (Ip et al, 2011;Law et al, 2009;Leung and Law, 2005;O'Connor and Murphy, 2004), and hospitality psychology (Tang, 2014). Notwithstanding the prevalence of economic theories and concepts, such as demand and supply in the hospitality literature, there is no single study that has specifically examined the contribution of economics to the hospitality literature.…”