Transient and Persistent Cost Efficiency in Hotels in the Canary Islands

IF 4.4 3区 管理学 Q1 HOSPITALITY, LEISURE, SPORT & TOURISM
J. Pérez-Rodríguez, E. Acosta-González
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引用次数: 2

Abstract

The aim of this study is to determine the presence or otherwise of transient and/or persistent cost inefficiency in the lodging industry. To do so, we applied the method proposed by Filippini and Greene, within a stochastic frontier panel data framework. Our empirical analysis is based on data for the hotel industry in the Canary Islands (Spain), an important destination for European tourists, for the period 2002-2015. Using a stochastic translog cost frontier model, we show that the industry’s real output during the study period could have been achieved at 17% less cost if persistent (systematic) inefficiency were eliminated, and at 24% less cost in the absence of transient (nonsystematic) inefficiency. We also present evidence of factors that strongly influence hotels’ transient cost efficiency, such as the positive effects of market share (in total revenue terms) and certain management characteristics, including the degree of independence with respect to shareholders, the experience in the industry (years in business) and the number of subsidiaries.
加那利群岛酒店的短暂和持续成本效率
本研究的目的是确定住宿行业是否存在暂时和/或持续的成本低效率。为此,我们在随机前沿面板数据框架内应用了Filippini和Greene提出的方法。我们的实证分析基于加那利群岛(西班牙)酒店业的数据,加那利群岛是欧洲游客的重要目的地,从2002年到2015年。利用随机超对数成本前沿模型,我们发现,在研究期间,如果消除了持续(系统性)低效率,该行业的实际产出成本可以降低17%,如果没有短暂(非系统性)低效率,该行业的实际产出成本可以降低24%。我们还提供了对酒店短期成本效率有强烈影响的因素的证据,例如市场份额(以总收入计算)和某些管理特征的积极影响,包括相对于股东的独立性程度、行业经验(经营年限)和子公司数量。
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
Journal of Hospitality & Tourism Research
Journal of Hospitality & Tourism Research HOSPITALITY, LEISURE, SPORT & TOURISM-
CiteScore
10.10
自引率
9.50%
发文量
54
期刊介绍: The Journal of Hospitality & Tourism Research (JHTR) is an international scholarly research journal that publishes high-quality, refereed articles that advance the knowledge base of the hospitality and tourism field. JHTR focuses on original research, both conceptual and empirical, that clearly contributes to the theoretical development of our field. The word contribution is key. Simple applications of theories from other disciplines to a hospitality or tourism context are not encouraged unless the authors clearly state why this context significantly advances theory or knowledge. JHTR encourages research based on a variety of methods, qualitative and quantitative.
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