Did the financial crisis and policy deregulation for Chinese tourists affect the efficiency and output slacks of taiwanese hotels?

Research output: Chapter in Book/Report/Conference proceedingChapter

5 Citations (Scopus)

Abstract

The financial crisis of 2008 caused the economic recession. In addition, restrictions on Chinese tourists to Taiwan were relaxed in July of 2008. The paper was to examine whether the financial crisis or the deregulation of Chinese tourists affected the performance of hotels in Taiwan. A metafrontier approach to data envelopment analysis (MDEA) was used in this paper to estimate the efficiency scores and metatechnology ratios (MTRs) of 84-99 international tourism hotels (ITHs) and standard tourism hotels (STHs) in Taiwan during the period ranging from 2005 to 2010. The results indicated that the MTR of ITHs with more service facilities was worse than that of STHs with specialised room revenue during the economic downturn. After the Chinese tourists policy deregulation, the MTR of ITH had increasingly outperformed that of STH. A truncated regression with a bootstrap procedure had examined the impact of macroeconomic and microeconomic variables on hotel efficiency and output slacks. In addition to the insignificant effects of the financial crisis on the efficiency of Taiwanese hotels, China/Taiwan tourism policy deregulation had a favourable influence on hotel efficiency, but mainly benefited on the occupancy rate, and unfavourable impact on the room revenue.

Original languageEnglish
Title of host publicationQuantitative Methods in Tourism Economics
PublisherPhysica-Verlag
Pages287-305
Number of pages19
Volume9783790828795
ISBN (Electronic)9783790828795
ISBN (Print)3790828785, 9783790828788
DOIs
Publication statusPublished - 2013 Sep 1

Fingerprint

Financial policy
Financial crisis
Deregulation
Hotels
Tourists
Slacks
Taiwan
International tourism
Tourism
Revenue
China
Metafrontier
Tourism policy
Recession
Truncated regression
Bootstrap
Data envelopment analysis
Economic downturn
Microeconomics
Macroeconomics

ASJC Scopus subject areas

  • Economics, Econometrics and Finance(all)
  • Business, Management and Accounting(all)

Cite this

Did the financial crisis and policy deregulation for Chinese tourists affect the efficiency and output slacks of taiwanese hotels? / Fang, Chin Yi.

Quantitative Methods in Tourism Economics. Vol. 9783790828795 Physica-Verlag, 2013. p. 287-305.

Research output: Chapter in Book/Report/Conference proceedingChapter

Fang, Chin Yi. / Did the financial crisis and policy deregulation for Chinese tourists affect the efficiency and output slacks of taiwanese hotels?. Quantitative Methods in Tourism Economics. Vol. 9783790828795 Physica-Verlag, 2013. pp. 287-305
@inbook{d6d07cbee9334e44831a1ce03251578a,
title = "Did the financial crisis and policy deregulation for Chinese tourists affect the efficiency and output slacks of taiwanese hotels?",
abstract = "The financial crisis of 2008 caused the economic recession. In addition, restrictions on Chinese tourists to Taiwan were relaxed in July of 2008. The paper was to examine whether the financial crisis or the deregulation of Chinese tourists affected the performance of hotels in Taiwan. A metafrontier approach to data envelopment analysis (MDEA) was used in this paper to estimate the efficiency scores and metatechnology ratios (MTRs) of 84-99 international tourism hotels (ITHs) and standard tourism hotels (STHs) in Taiwan during the period ranging from 2005 to 2010. The results indicated that the MTR of ITHs with more service facilities was worse than that of STHs with specialised room revenue during the economic downturn. After the Chinese tourists policy deregulation, the MTR of ITH had increasingly outperformed that of STH. A truncated regression with a bootstrap procedure had examined the impact of macroeconomic and microeconomic variables on hotel efficiency and output slacks. In addition to the insignificant effects of the financial crisis on the efficiency of Taiwanese hotels, China/Taiwan tourism policy deregulation had a favourable influence on hotel efficiency, but mainly benefited on the occupancy rate, and unfavourable impact on the room revenue.",
author = "Fang, {Chin Yi}",
year = "2013",
month = "9",
day = "1",
doi = "10.1007/978-3-7908-2879-5_16",
language = "English",
isbn = "3790828785",
volume = "9783790828795",
pages = "287--305",
booktitle = "Quantitative Methods in Tourism Economics",
publisher = "Physica-Verlag",

}

TY - CHAP

T1 - Did the financial crisis and policy deregulation for Chinese tourists affect the efficiency and output slacks of taiwanese hotels?

AU - Fang, Chin Yi

PY - 2013/9/1

Y1 - 2013/9/1

N2 - The financial crisis of 2008 caused the economic recession. In addition, restrictions on Chinese tourists to Taiwan were relaxed in July of 2008. The paper was to examine whether the financial crisis or the deregulation of Chinese tourists affected the performance of hotels in Taiwan. A metafrontier approach to data envelopment analysis (MDEA) was used in this paper to estimate the efficiency scores and metatechnology ratios (MTRs) of 84-99 international tourism hotels (ITHs) and standard tourism hotels (STHs) in Taiwan during the period ranging from 2005 to 2010. The results indicated that the MTR of ITHs with more service facilities was worse than that of STHs with specialised room revenue during the economic downturn. After the Chinese tourists policy deregulation, the MTR of ITH had increasingly outperformed that of STH. A truncated regression with a bootstrap procedure had examined the impact of macroeconomic and microeconomic variables on hotel efficiency and output slacks. In addition to the insignificant effects of the financial crisis on the efficiency of Taiwanese hotels, China/Taiwan tourism policy deregulation had a favourable influence on hotel efficiency, but mainly benefited on the occupancy rate, and unfavourable impact on the room revenue.

AB - The financial crisis of 2008 caused the economic recession. In addition, restrictions on Chinese tourists to Taiwan were relaxed in July of 2008. The paper was to examine whether the financial crisis or the deregulation of Chinese tourists affected the performance of hotels in Taiwan. A metafrontier approach to data envelopment analysis (MDEA) was used in this paper to estimate the efficiency scores and metatechnology ratios (MTRs) of 84-99 international tourism hotels (ITHs) and standard tourism hotels (STHs) in Taiwan during the period ranging from 2005 to 2010. The results indicated that the MTR of ITHs with more service facilities was worse than that of STHs with specialised room revenue during the economic downturn. After the Chinese tourists policy deregulation, the MTR of ITH had increasingly outperformed that of STH. A truncated regression with a bootstrap procedure had examined the impact of macroeconomic and microeconomic variables on hotel efficiency and output slacks. In addition to the insignificant effects of the financial crisis on the efficiency of Taiwanese hotels, China/Taiwan tourism policy deregulation had a favourable influence on hotel efficiency, but mainly benefited on the occupancy rate, and unfavourable impact on the room revenue.

UR - http://www.scopus.com/inward/record.url?scp=84930730690&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=84930730690&partnerID=8YFLogxK

U2 - 10.1007/978-3-7908-2879-5_16

DO - 10.1007/978-3-7908-2879-5_16

M3 - Chapter

SN - 3790828785

SN - 9783790828788

VL - 9783790828795

SP - 287

EP - 305

BT - Quantitative Methods in Tourism Economics

PB - Physica-Verlag

ER -