Economies of Scale Could Be Key to Profitability: Evidence from China's Tourism Hotels

被引:3
作者
Gu, Zheng [1 ]
机构
[1] Univ Nevada, Coll Hotel Adm, Dept Tourism & Convent Adm, Las Vegas, NV 89154 USA
关键词
China; hotel size; economies of scale; occupancy; profitability;
D O I
10.1300/J149v06n01_05
中图分类号
F [经济];
学科分类号
02 ;
摘要
The growth of China's tourism hotel industry has been accompanied by declining profitability. Using cross-province tourism hotels data of 2000, this study attempts to empirically quantify the impact of operation scale on hotel performance. Controlling for the effect of overcapacity, this study found a significant and positive association between operation scale and profitability. The findings suggest that to improve performance, the Chinese tourism hotel industry needs not only to reduce the overcapacity but also reverse the property-downsizing trend and pursue economies of scale. (C) 2005 by The Haworth Press, Inc. All rights reserved.
引用
收藏
页码:73 / 85
页数:13
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