IMPACT OF CURRENT FUEL SUBSIDY REMOVAL ON THE ECONOMIC PERFORMANCE OF EDDIE SKYE HOTEL, AUCHI, EDO STATE
Abstract
The removal of fuel subsidy has been a contentious policy issue globally, with implications for various sectors of the economy. This study investigates the specific impact of fuel subsidy removal on the economic performance of Eddie skye hotel, Auchi, Edo state using case study approach. Through a combination of qualitative interviews with hotel managers, quantitative analysis of financial data, and examination of macroeconomic indicators, the study seeks to understand how changes in fuel prices affect the hospitality industry. However the impact of fuel subsidy removal on hotel performance is not uniform across different contexts. The availability of alternative energy sources, and the overall economic environment can mediate the effects of fuel price changes. Additionally proactive management strategies, such as investment in energy efficiency measures and diversification of revenue streams, can mitigate the negative consequences of fuel subsidy removal on hotel operations. The study contributes to understanding of how policy decisions related to fuel subsidy can influence the economic viability of hotels, highlighting the need for adoptive management approaches and targeted support mechanisms to sustain the resilience of the hospitality industry in the face of changing economic conditions.
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