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Title: Input inefficiencies in the hotel industry: a non-radial directional performance measurement
Authors: Hernández Guedes, Christian 
Pérez Rodríguez, Jorge Vicente 
Manrique De Lara Peñate, Casiano Alberto 
UNESCO Clasification: 531290 Economía sectorial: turismo
Keywords: Efficiency
Uncollected Output
Weighted Russell Directional Distance Model
Issue Date: 2024
Journal: Tourism Economics 
Abstract: This paper investigates the inefficiencies of inputs in the hotel industry. To do this, we apply the weighted Russell directional distance model (Barros et al., 2012; Chen et al., 2014) considering an input-oriented approach. This model allows to obtain not only aggregate inefficiency measures, but also their components. In a second stage, we analyze the individual and overall efficiency measures considering several factors in a truncated Bayesian Tobit regression. The empirical analysis is based on the hotel sector of two mature Spanish destinations (the Canary and Balearic Islands). Results show that although hotels located in both regions obtain high efficiency levels, they are notably inefficient in terms of capital costs management. Furthermore, overall results show that Canarian hotels are less efficient than Balearic hotels in the management of all inputs. Finally, the type of chain and location variables appear to affect the overall and individual efficiency scores obtained by Canarian hotels.
ISSN: 1354-8166
DOI: 10.1177/13548166241229603
Source: Tourism Economics[ISSN 1354-8166], (Enero 2024)
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