Estimation of Profit Efficiency in the Hotel Industry Using a Bayesian Stochastic Frontier Model

dc.contributor.author	Arbelo, Antonio
dc.contributor.author	Arbelo-Pérez, Marta
dc.contributor.author	Pérez-Gómez, Pilar
dc.date.accessioned	2024-04-15T08:14:13Z
dc.date.available	2024-04-15T08:14:13Z
dc.date.issued	2018
dc.identifier.uri	https://thuvienso.hoasen.edu.vn/handle/123456789/15099
dc.description	Cornell Hospitality Quarterly 1– 12 © The Author(s) 2018	vi
dc.description.abstract	The present study measured profit efficiency and its determinants in the hotel sector in Spain from 2010 to 2014, using a Bayesian stochastic frontier approach. This model provides estimates of efficiency and more accurate confidence intervals than the traditional frequentist approach. The results revealed that the hotels are operating with significant profit inefficiencies. These inefficiencies are significantly affected by size, location, occupancy rate by region, customer satisfaction, and whether the hotel is affiliated or independent. Finally, the study points out the strategic implications of these findings, to improve the efficiency of the hotels.	vi
dc.language.iso	en	vi
dc.publisher	The Author(s)	vi
dc.subject	profit efficiency, Bayesian stochastic frontier, hotel industry	vi
dc.title	Estimation of Profit Efficiency in the Hotel Industry Using a Bayesian Stochastic Frontier Model	vi
dc.type	Article	vi