Cost and profit efficiency: the case of Bulgarian hotel industry

IF 0.7 Q2 AREA STUDIES Eastern Journal of European Studies Pub Date : 2021-01-01 DOI:10.47743/ejes-2021-0210
D. Doncheva, D. Stoyancheva
{"title":"Cost and profit efficiency: the case of Bulgarian hotel industry","authors":"D. Doncheva, D. Stoyancheva","doi":"10.47743/ejes-2021-0210","DOIUrl":null,"url":null,"abstract":"The current paper aims to analyse and estimate the Bulgarian hotel industry's efficiency, focusing on both cost and profit efficiency. We attempt to examine whether service quality, as well as tourism specialization, affect hotel industry efficiency. By using the Battese and Coelli (1995) model this study applies a Stochastic frontier analysis with 309 Bulgarian hotels analysed for the period of 10 years (2008-2017). The methodology allows to be estimated the efficiency level and influencing factors, as well as decompose the error into both, random and inefficiency error. The results show that the cost efficiency decreases when the hotel category increases and significantly fluctuates over time in a decreasing tendency. On the other hand, quality service and tourism specialization cannot unambitiously explain the profit inefficiency of Bulgarian hotels. Thus, the hotel management needs to apply strategies related to differentiating hotel products and/or better pricing, rather than tourism development of the destination.","PeriodicalId":43713,"journal":{"name":"Eastern Journal of European Studies","volume":"1 1","pages":""},"PeriodicalIF":0.7000,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Eastern Journal of European Studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.47743/ejes-2021-0210","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"AREA STUDIES","Score":null,"Total":0}
引用次数: 1

Abstract

The current paper aims to analyse and estimate the Bulgarian hotel industry's efficiency, focusing on both cost and profit efficiency. We attempt to examine whether service quality, as well as tourism specialization, affect hotel industry efficiency. By using the Battese and Coelli (1995) model this study applies a Stochastic frontier analysis with 309 Bulgarian hotels analysed for the period of 10 years (2008-2017). The methodology allows to be estimated the efficiency level and influencing factors, as well as decompose the error into both, random and inefficiency error. The results show that the cost efficiency decreases when the hotel category increases and significantly fluctuates over time in a decreasing tendency. On the other hand, quality service and tourism specialization cannot unambitiously explain the profit inefficiency of Bulgarian hotels. Thus, the hotel management needs to apply strategies related to differentiating hotel products and/or better pricing, rather than tourism development of the destination.
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
成本与利润效率:以保加利亚酒店业为例
本文旨在分析和估计保加利亚酒店业的效率,重点是成本效率和利润效率。我们试图检验服务质量和旅游专业化是否会影响酒店业的效率。通过使用batese和Coelli(1995)模型,本研究对309家保加利亚酒店进行了10年(2008-2017)的随机前沿分析。该方法可以估计效率水平和影响因素,并将误差分解为随机误差和低效率误差。结果表明:随着酒店品类的增加,成本效率降低,且随时间波动显著,呈下降趋势;另一方面,优质服务和旅游专业化并不能完全解释保加利亚酒店的利润低效率。因此,酒店管理需要应用与差异化酒店产品和/或更好的定价相关的策略,而不是目的地的旅游发展。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 去求助
来源期刊
CiteScore
1.30
自引率
16.70%
发文量
3
审稿时长
10 weeks
期刊介绍: The Eastern Journal of European Studies (EJES) seeks to provide a forum for multidisciplinary and interdisciplinary dialogue between ideas, and a framework for theoretical and empirical analyses covering major topics in European studies: European history, politics, European economy and European policies, EU community law, European culture and society. EJES encourages studies focusing on Central and Eastern Europe (including Eastern Neighbourhood) in order to better understand its transformations induced by the integration process and to address its specific challenges by supporting scientific debates on the general European theory and practice. Furthermore, the editorial board regularly invites distinguished guest editors to coordinate thematic issues.
期刊最新文献
Ukraine-EU-Africa: the agro-exports correlation issues The EU’s resilience and the management of hybrid threats coming from the Eastern neighbourhood: Belarus and the deliberate facilitation of irregular immigration The role of farm size in production efficiency: evaluating the farms in Czechia since the EU accession Organizational resilience assessment in Lithuania's public sector Maximizing city sizes or maximizing spatial interaction between cities. A look into the relative evolution of Romanian city regions from 1948 to 2021
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1