This study used a two-tier stochastic frontier model to examine the distribution of transaction information in Taiwan's tourist hotel lodging prices from July 2019 to November 2020. The research analyzed price information disparities between consumers and hoteliers before and after the COVID-19 outbreak. Findings showed a significant reduction in price information divergence after the outbreak, especially in metropolitan areas. The pandemic's impact on consumer group structures within hotel operations influenced hoteliers' pricing strategies. The study concludes that COVID-19 fostered a more transparent market price information environment, lessening information asymmetry between hoteliers and consumers.
Publisher
Humanities and Social Sciences Communications
Published On
Jan 08, 2024
Authors
Meng-Ying Wang, Li-Chen Chou
Tags
transaction information
hotel lodging prices
COVID-19 impact
information asymmetry
tourism
price transparency
Taiwan
Related Publications
Explore these studies to deepen your understanding of the subject.
