Answer :
In peripheral countries it is not unusual for hotels in tourist areas to be owned by :- foreign investors or multinational corporations.
This can be due to a variety of factors, including the availability of land and resources, government policies that encourage foreign investment, and the desire to attract foreign tourists with familiar brands and amenities.
In some cases, local entrepreneurs may also own hotels in tourist areas, but they may face more challenges in terms of accessing financing, competing with larger and more established players, and navigating complex regulatory environments.
Overall, the ownership of hotels in peripheral countries is shaped by a complex set of economic, political, and social factors. While foreign ownership can bring benefits such as increased investment and job creation, it can also raise concerns about the exploitation of local resources and labor, as well as the potential for economic dependence on foreign capital.
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