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Research Note: Analysing the Efficiency of the Taiwanese Hotel Industry: A Stochastic Metafrontier Approach

Author

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  • Yung-Hsiang Lu

    (Department of Bio-industry and Agribusiness Administration, National Chia-Yi University, 580 Sinmin Rd, Chiayi City, Taiwan)

  • Ching-Fu Chen

    (Department of Transportation & Communication Management Science, National Cheng Kung University, 1 University Road, Tainan 701, Taiwan)

Abstract

This paper compares the cost efficiency and meta-technology ratios for three groups of Taiwanese international hotels during the period 1998–2007 using the stochastic metafrontier approach. The empirical results support the view that the technology gap plays an important role in explaining the ability of hotels in one group to compete with hotels in different operating companies. In addition, the results indicate that hotels differ in cost efficiencies; that is, international chain hotels have the highest cost efficiencies, while independent hotels have the lowest.

Suggested Citation

  • Yung-Hsiang Lu & Ching-Fu Chen, 2012. "Research Note: Analysing the Efficiency of the Taiwanese Hotel Industry: A Stochastic Metafrontier Approach," Tourism Economics, , vol. 18(5), pages 1143-1150, October.
    • Handle: RePEc:sae:toueco:v:18:y:2012:i:5:p:1143-1150
    DOI: 10.5367/te.2012.0164
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    References listed on IDEAS

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    1. Chih-Hai Yang & Ku-Hsieh Chen, 2009. "Are small firms less efficient?," Small Business Economics, Springer, vol. 32(4), pages 375-395, April.
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