Technological change, geometric average of hotels in each sub-category
| 18 to 17 | 19 to 18 | 20 to 19 | |
|---|---|---|---|
| City, independent | 0.98 | 1.07 | 0.48 |
| City, chain | 1.00 | 1.05 | 0.49 |
| Scenic, independent | 0.95 | 1.10 | 0.79 |
| Scenic, chain | 0.94 | 1.09 | 0.91 |
| City, small | 0.99 | 1.04 | 0.51 |
| City, medium | 0.98 | 1.07 | 0.48 |
| City, large | 1.00 | 1.04 | 0.48 |
| City, very large | 1.03 | 1.02 | 0.52 |
| Scenic, small | 0.99 | 1.05 | 0.73 |
| Scenic, medium | 0.93 | 1.12 | 0.90 |
| 18 to 17 | 19 to 18 | 20 to 19 | |
|---|---|---|---|
| City, independent | 0.98 | 1.07 | 0.48 |
| City, chain | 1.00 | 1.05 | 0.49 |
| Scenic, independent | 0.95 | 1.10 | 0.79 |
| Scenic, chain | 0.94 | 1.09 | 0.91 |
| City, small | 0.99 | 1.04 | 0.51 |
| City, medium | 0.98 | 1.07 | 0.48 |
| City, large | 1.00 | 1.04 | 0.48 |
| City, very large | 1.03 | 1.02 | 0.52 |
| Scenic, small | 0.99 | 1.05 | 0.73 |
| Scenic, medium | 0.93 | 1.12 | 0.90 |
Source(s): Table by authors
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