Returns to scale, technical and efficiency changes in the Spanish hotel industry using technological heterogeneity models

IF 9.9 1区管理学 Q1 HOSPITALITY, LEISURE, SPORT & TOURISM

International Journal of Hospitality Management Pub Date : 2024-08-16 DOI:10.1016/j.ijhm.2024.103884

Christian Hernández-Guedes , Jorge V. Pérez-Rodríguez , José M. Pérez-Sánchez

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引用次数: 0

Abstract

This paper analyses returns to scale, productivity growth and its decomposition in the Spanish hotel industry (period 1997–2019). To do so, we consider that hotels can have technological heterogeneity and, therefore, parameters in their production function can differ between them. Also, we use a multiple input and output production function based on an output distance stochastic frontier approach with random parameters in a Bayesian framework. Results indicate that the percentage of hotels working under increasing returns to scale decreased during the period considered. Furthermore, productivity growth was low, indicating signs of stagnation. Efficiency change appears to be the main driving force behind productivity growth, although technical change had a positive effect on productivity after the start of the global financial crisis. Several practical implications are proposed based on these results.

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利用技术异质性模型分析西班牙酒店业的规模回报、技术和效率变化

本文分析了西班牙酒店业的规模回报、生产率增长及其分解（1997-2019 年）。为此，我们考虑到酒店可能具有技术异质性，因此不同酒店的生产函数参数可能不同。此外，我们还使用了基于贝叶斯框架中随机参数的产出距离随机前沿方法的多投入产出生产函数。结果表明，在所考虑的时期内，规模收益递增的酒店比例有所下降。此外，生产率增长较低，显示出停滞的迹象。尽管技术变革在全球金融危机爆发后对生产率产生了积极影响，但效率变革似乎是生产率增长的主要驱动力。根据这些结果，提出了若干实际影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal of Hospitality Management HOSPITALITY, LEISURE, SPORT & TOURISM-

CiteScore

21.20

自引率

9.40%

发文量

218

审稿时长

85 days

期刊介绍： The International Journal of Hospitality Management serves as a platform for discussing significant trends and advancements in various disciplines related to the hospitality industry. The publication covers a wide range of topics, including human resources management, consumer behavior and marketing, business forecasting and applied economics, operational management, strategic management, financial management, planning and design, information technology and e-commerce, training and development, technological developments, and national and international legislation. In addition to covering these topics, the journal features research papers, state-of-the-art reviews, and analyses of business practices within the hospitality industry. It aims to provide readers with valuable insights and knowledge in order to advance research and improve practices in the field. The journal is also indexed and abstracted in various databases, including the Journal of Travel Research, PIRA, Academic Journal Guide, Documentation Touristique, Leisure, Recreation and Tourism Abstracts, Lodging and Restaurant Index, Scopus, CIRET, and the Social Sciences Citation Index. This ensures that the journal's content is widely accessible and discoverable by researchers and practitioners in the hospitality field.