Impact of the oil crisis and the fall in hotel demand in the city of Coca

Abstract

Introduction. The research analyzes the data that allow verifying the impact that the development of the oil sector had on the hotel activity of Coca in the Amazonian north of Ecuador during the period 2010 to 2019. The hotels were characterized for which interviews were applied that allow understanding the reality regarding the perception of the incidence of the oil crisis in its management. In addition, data related to variations in the price of a barrel of crude oil, as well as its production and export are detailed, which are contrasted with the economic evolution of the hotel activity. Methodology. The investigation is qualitative quantitative. The analysis of the primary information collected through interviews is qualitative in which: "the collection of data without numerical measurement is used to describe or refine research questions in the interpretation process" Ander-Egg (1982), and the analysis of the secondary information obtained from the bulletins of the Central Bank of Ecuador is quantitative, to determine the intensity of the correlation of the variables under study. The research was based on an inductive process, to obtain perspectives, opinions and points of view from those involved. Results. Pearson's correlation coefficient has a value of 0.810, which shows a high positive linear correlation between oil exports and hotel demand in the oil segment in the city of Coca. The higher the oil revenues, the hotel demand in this segment increases and when an oil crisis occurs, the hotel demand drops. The statistical significance measured at two tails was 0.004, which indicates a highly significant dependency relationship between oil revenues and hotel demand in the oil segment. The hotel demand based on tourists from the Yasuní National Park was not significant.