Abstract: Oil drilling has some socio-economic impact on an economy and their person living in just as housing has a tremendous impact on every nation and provides security to societies, communities and families. For this reason there must be possible actions taken for every citizen to have a place of rest no matter where he or she goes. The purpose of this study is to assess the socio-economic impact of the oil drilling on hotel room prices in some selected hotels in the Takoradi Metropolis. The research involved both local and expatriate who patronized these hotels as well as the hotel managers and staff. Primary data was collected through the use of questionnaires and the findings showed most of the hotel customers were expatriates working in the Jubilee Oil field in Western Region. The study revealed that expatriates invading in the city have caused hoteliers to increase their room tariffs in other to maximize their sales and profit, converted domestic houses into commercial accommodations to meet the accommodation needs of people working in the oil industry therefore causing congestion in the oil city. The study therefore recommends that authorities should see to it that ‘Dutch Disease’, a dimension of the resource curse hypothesis which postulates deindustrialization of a country upon discovery of natural resources does not occur in Ghana.
Keywords: Hotels, Hospitality industry, Housing, Oil Drilling.
Title: Assessing the Socio – Economic Impact of Oil Drilling on Hotel Room Prices in Some Selected Hotels in the Takoradi Metropolis
Author: Rosemond Anyobodeh, Felicia Koomson, Adelaide Spio-Kwofie, JemimaYankson
International Journal of Social Science and Humanities Research
ISSN 2348-3164 (online), ISSN 2348-3156 (Print)
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