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The effect of economic policy uncertainty on hotel room demand-evidence from Mainland Chinese and Japanese tourists in Taiwan

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  • Chiang-Ming Chen
  • Kuo-Ting Hua
  • Jiin-Tian Chyou
  • Chih-Chung Tai

Abstract

This paper uses the Markov regime-switching model to explore the effect of economic policy uncertainty on Mainland Chinese and Japanese tourists’ room demands in Taiwanese international tourist hotels. Results show that Mainland Chinese and Japanese tourists tend to decrease their room demands in the trough period of Taiwan’s international tourist hotels due to the lack of certainty and limited knowledge about economic policy. Empirical evidence indicates that the hotel business is very sensitive to economic policy uncertainty.

Suggested Citation

  • Chiang-Ming Chen & Kuo-Ting Hua & Jiin-Tian Chyou & Chih-Chung Tai, 2020. "The effect of economic policy uncertainty on hotel room demand-evidence from Mainland Chinese and Japanese tourists in Taiwan," Current Issues in Tourism, Taylor & Francis Journals, vol. 23(12), pages 1443-1448, June.
    • Handle: RePEc:taf:rcitxx:v:23:y:2020:i:12:p:1443-1448
    DOI: 10.1080/13683500.2018.1556621
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    Cited by:

    1. Chew Ging Lee & Shi-Min How, 2023. "The impacts of domestic and global economic policy uncertainties on the hotel room demand: Evidence from Singapore," Tourism Economics, , vol. 29(4), pages 1121-1129, June.
    2. Conrado Diego García-Gómez & Ender Demir & Ming-Hsiang Chen & José María Díez-Esteban, 2022. "Understanding the effects of economic policy uncertainty on US tourism firms’ performance," Tourism Economics, , vol. 28(5), pages 1174-1192, August.
    3. James E Payne & Nicholas Apergis, 2022. "The influence of economic policy uncertainty and geopolitical risk on US citizens overseas air passenger travel by regional destination," Tourism Economics, , vol. 28(5), pages 1333-1341, August.
    4. James E Payne & Saban Nazlioglu & Andrea Mervar, 2023. "Economic policy uncertainty and international tourist arrivals: A disaggregated analysis of the Croatian Adriatic coast," Tourism Economics, , vol. 29(4), pages 986-1004, June.
    5. Yoichi Matsubayashi & Yoshihisa Inada, 2023. "Individual tourist expenditures in Japan during the inbound tourism boom period (2015–2017): Empirical evidence from micro survey data," Asian Economic Journal, East Asian Economic Association, vol. 37(4), pages 492-518, December.

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