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Cost efficiency and its determinants in the hotel industry

Autor
Arbelo, A.; Pérez, P.; Arbelo, M.
Tipus d'activitat
Article en revista
Revista
Tourism economics: the business and finance of tourism and recreation
Data de publicació
2017-08-01
Volum
23
Número
5
Pàgina inicial
1056
Pàgina final
1068
DOI
https://doi.org/10.1177/1354816616656419 Obrir en finestra nova
URL
http://journals.sagepub.com/doi/10.1177/1354816616656419 Obrir en finestra nova
Resum
This study employs a stochastic frontier model to estimate cost efficiency and its determinants in the hotel industry in Spain between 2008 and 2012. Measuring cost efficiency provides useful information on the performance of hotels to management, shareholders and, in general, to all stakeholders. Cost control is an issue managers are particularly concerned about, as it gives a competitive advantage that allows hotels to perform better. The results indicate that the inefficiency in average costs...
Paraules clau
cost efficiency, hotel industry, stochastic translog cost frontier

Participants

  • Arbelo, Antonio  (autor)
  • Pérez Gómez, Pilar  (autor)
  • Arbelo Pérez, Marta  (autor)