RT info:eu-repo/semantics/article
T1 Impact of all-inclusive packages on hotel efficiency
A1 Arbelo Pérez, Marta
A1 Pérez Gómez, María del Pilar
A1 Arbelo Álvarez, Antonio Manuel
A2 Dirección de Empresas e Historia Económica
A2 Grupo de investigación: Eficiencia y ventaja competitiva.
Instituto de investigación: Instituto Universitario de la Empresa (IUDE).
K1 profit efficiency
K1 cost efficiency
K1 all-inclusive package
K1 stochastic frontier approach
K1 hotel industry
AB In the last decade, all-inclusive packages have had an extraordinary boom in one of the most popular sun and beach tourism destinations in Europe, the Canary Islands. This fact reinvigorated the debate on potential benefits and negative effects on the local economy. However, there is no empirical evidence of the impact that all-inclusive packages may have on the efficiency in the hotel industry. This study assessed the effects of allinclusive packages on cost and profitefficiency using the stochastic frontier approach and the model proposed by Battese and Coelli [(1995). A model for technical inefficiency effects in a stochastic frontier production function for panel data. Empirical Economics, 20(2), 325–332] in a sample composed of 102 hotels of the Canary Islands from 2008 to 2014. The empirical results revealed that the hotels that offered all-inclusive packages exhibited lower efficiency levels than those hotels that did not provide this service. These results have important implications for both public policies and hotel management.
YR 2019
FD 2019
LK http://riull.ull.es/xmlui/handle/915/38731
UL http://riull.ull.es/xmlui/handle/915/38731
LA en
DS Repositorio institucional de la Universidad de La Laguna
RD 19-nov-2024