Tourism Hospitality Research - Table 5 for article: Forecasting and evaluating the tourist hotel industry performance in Taiwan based on Grey theory

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Forecasting and evaluating the tourist hotel industry performance in Taiwan based on Grey theory

Wann-Yih Wu, Shih-Wen Hsiao and Cheng-Hung Tsai

Table 5. The Grey relational grades and characteristics of 56 hotels

Rank	No	Hotel name	Grey relational grade	Site	Average room price	No. of rooms	No. of employees	Guest type FIT %	Foreign guests %
1	TH21	Grand Formosa Regent Taipei	0.8062	Taipei	4,446	569	799	67.2	87.6
2	TH23	Far Eastern Plaza Hotel (Taipei)	0.7654	Taipei	5,431	422	776	70.0	82.0
3	TH22	The Sherwood Hotel Taipei	0.7439	Taipei	4,598	349	492	100.0	86.1
4	TH20	Grand Hyatt Taipei	0.7369	Taipei	4,628	873	957	74.0	83.2
5	TH8	Caesar Park Taipei	0.6849	Taipei	2,930	388	522	58.9	87.6
6	TH18	Howard Plaza Hotel	0.6847	Taipei	3,476	606	989	88.2	84.9
7	TH24	The Westin Taipei	0.6421	Taipei	5,327	288	568	48.6	84.0
8	TH17	Hotel Royal Taipei	0.6145	Taipei	3,470	203	273	100.0	86.0
9	TH45	Hotel Royal Chihpen Spa	0.5980	Scenic Area	4,281	183	240	82.8	10.6
10	TH47	Howard Beach Resort Kenting	0.5946	Scenic Area	3,026	405	278	58.2	0.8
11	TH2	The Ambassador Hotel	0.5904	Taipei	3,213	432	480	36.2	92.3
12	TH44	Caesar Park Hotel Kenting	0.5857	Scenic Area	3,347	250	154	73.2	4.5
13	TH12	The Landis Ritz Hotel	0.5846	Taipei	3,631	209	312	100.0	82.1
14	TH54	The Ambassador Hotel Hsinchu	0.5812	TauHsiuMaio	3,494	254	329	90.5	56.9
15	TH9	Golden China Hotel	0.5712	Taipei	2,244	215	184	42.0	85.9
16	TH10	Brother Hotel	0.5652	Taipei	2,698	250	490	81.2	87.6
17	TH35	Evergreen Laurel Hotel (Taichung)	0.5531	Taichung	2,570	354	273	83.3	52.4
18	TH40	Chinatrust Hotel Hualien	0.5497	Hualien	1,639	221	108	64.5	32.1
19	TH11	Santos Hotel	0.5474	Taipei	2,332	287	233	13.6	91.9
20	TH1	The Grand Hotel	0.5411	Taipei	2,948	405	764	49.3	73.9
21	TH30	Howard Plaza Hotel Kaohsiung	0.5404	Kaohsiung	2,297	238	273	54.8	51.1
22	TH41	Parkview Hotel	0.5401	Hualien	2,727	343	293	52.0	24.1
23	TH19	Rebar Crowne Plaza Taipei	0.5338	Taipei	3,049	228	324	91.2	87.1
24	TH53	Hotel Royal Hsinchu	0.5254	TauHsiuMaio	3,333	198	226	97.8	76.3
25	TH3	Mandarina Crown Hotel	0.5251	Taipei	3,765	323	470	92.1	85.0
26	TH7	Hotel Riverview Taipei	0.5245	Taipei	1,531	201	129	11.2	92.1
27	TH13	United Hotel	0.5210	Taipei	2,426	243	170	38.7	68.4
28	TH36	Howard Prince Hotel Taichung	0.5170	Taichung	2,659	155	177	78.7	51.6
29	TH28	Linden Hotel Kaohsiung	0.5163	Kaohsiung	1,996	311	325	80.0	33.4
30	TH46	Grand Formosa Hotel, Taroko	0.5162	Scenic Area	3,438	224	123	56.1	3.8
31	TH51	Hotel Tainan	0.5156	Others	2,202	152	191	92.1	33.1
32	TH14	Sheraton Taipei Hotel	0.5090	Taipei	1,956	686	978	73.7	88.6
33	TH52	Ta Shee Resort Hotel	0.5061	TauHsiuMaio	2,724	208	252	76.8	78.1
34	TH5	Gloria Prince Hotel	0.5058	Taipei	2,427	220	211	58.9	87.6
35	TH29	Grand Hi-Lai Hotel	0.4984	Kaohsiung	2,331	436	742	68.0	53.6
36	TH27	The Ambassador Hotel Kaohsiung	0.4869	Kaohsiung	2,071	457	337	55.4	53.6
37	TH56	Tayih Landis Tainan	0.4869	Others	2,839	306	369	53.6	34.0
38	TH4	Imperial Hotel Taipei	0.4847	Taipei	2,824	336	280	59.6	92.1
39	TH15	Taipei Fortuna Hotel	0.4793	Taipei	1,727	304	226	65.7	87.7
40	TH37	The Splendor, Taichung	0.4713	Taichung	2,651	205	412	76.5	36.8
41	TH39	Marshal Hotel	0.4693	Hualien	1,324	289	193	30.3	25.0
42	TH6	Emperor Hotel	0.4631	Taipei	1,997	97	65	100.0	95.3
43	TH26	Hotel Holiday Garden Kaohsiung	0.4546	Kaohsiung	1,437	274	140	34.9	46.8
44	TH25	Hotel hKingdom	0.4498	Kaohsiung	1,371	302	273	48.4	57.9
45	TH31	The Splendor, Kaohsiung	0.4458	Kaohsiung	2,302	592	543	78.6	31.1
46	TH16	Holiday Inn Asiaworld Taipei	0.4448	Taipei	2,011	755	474	44.1	90.2
47	TH43	Grand Hotel Kaohsiung	0.4430	Scenic Area	1,756	107	164	59.4	59.5
48	TH49	Taoyuan Holiday Hotel	0.4425	TauHsiuMaio	1,404	390	143	4.9	37.4
49	TH34	Plaza International Hotel	0.4407	Taichung	1,496	226	161	44.1	54.9
50	TH33	Hotel National	0.4358	Taichung	1,737	404	252	50.8	47.0
51	TH42	Hotel Landis China Yangmingshan	0.4314	Scenic Area	5,917	50	57	71.8	2.3
52	TH48	The Hibiscus Resort	0.4216	Scenic Area	2,136	201	135	63.2	0.0
53	TH55	Formosan Naruwan Hotel	0.4138	Others	2,826	276	246	48.0	2.3
54	TH50	Taoyuan Plaza Hotel	0.3959	TauHsiuMaio	866	277	40	39.0	21.3
55	TH32	Park Hotel	0.3945	Taichung	1,089	124	40	44.3	7.9
56	TH38	Astar Hotel	0.3682	Hualien	2,293	168	26	64.7	19.6

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TABLE 5

Forecasting and evaluating the tourist hotel industry performance in Taiwan based on Grey theory

Table 5. The Grey relational grades and characteristics of 56 hotels