RT info:eu-repo/semantics/article
T1 Estimating efficiency and its determinants in the hotel sector using a profit function
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 stochastic profit frontier
K1 profit efficiency
K1 age
K1 labour productivity
K1 location
K1 hotel industry
AB Inefficiency in the hotel sector is normally estimated through cost and scale efficiencies. This paper estimates hotel profitefficiency and its determinants employing a stochastic frontier profit function and the inefficiency effects function. The key advantage of this methodology is its ability to estimate efficiency for each hotel and the factors that explain differences in efficiency in a single-stage sampling procedure. The sample consists of 231 hotels in Spain in the period 2008–2012. Empirical evidence shows that the average level of profitefficiency is 45.85% and that age, labour productivity and location are determinants of this efficiency. Policy implications for the improvement of less efficient hotels are noted.
YR 2018
FD 2018
LK http://riull.ull.es/xmlui/handle/915/38738
UL http://riull.ull.es/xmlui/handle/915/38738
LA en
DS Repositorio institucional de la Universidad de La Laguna
RD 19-nov-2024