RT info:eu-repo/semantics/article
T1 Estimation of profit efficiency in the hotel industry using a Bayesian stochastic frontier model
A1 Arbelo Pérez, Marta
A1 Arbelo Álvarez, Antonio Manuel
A1 Pérez Gómez, María del Pilar
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 Bayesian stochastic frontier
K1 hotel industry
AB The present study measured profit efficiency and its determinants in the hotel sector in Spain from 2010 to 2014, using a Bayesian stochastic frontier approach. This model provides estimates of efficiency and more accurate confidence intervals than the traditional frequentist approach. The results revealed that the hotels are operating with significant profit inefficiencies. These inefficiencies are significantly affected by size, location, occupancy rate by region, customer satisfaction, and whether the hotel is affiliated or independent. Finally, the study points out the strategic implications of these findings, to improve the efficiency of the hotels.
YR 2018
FD 2018
LK http://riull.ull.es/xmlui/handle/915/38734
UL http://riull.ull.es/xmlui/handle/915/38734
LA en
DS Repositorio institucional de la Universidad de La Laguna
RD 19-nov-2024