Original scientific paper
https://doi.org/10.1080/1331677X.2021.2013277
Economic efficiency of coastal hotel companies
Jan Frančeškin
orcid.org/0000-0003-0137-3338
Štefan Bojnec
Abstract
The article focuses on the analysis of the economic efficiency of
Slovenian coastal hotel companies in the period between 2015
and 2018. We applied non-parametric Data Envelopment Analysis
to estimate economic efficiency and the panel regression analysis
to explain the association between economic efficiency, economic
growth, and the hotel location. The results showed that most
coastal hotel companies were economically inefficient associated
with decreasing returns to scale. As a key source of inefficiency
we identified inappropriate allocation of inputs. Given the high
concentration of hotels in the municipality of Piran, the hypothesis on higher efficiencies in this location area has been rejected.
Most coastal municipalities were negatively related to the economic efficiency of the hotel companies. We also rejected the
hypothesis that economic growth affected the economic efficiency of the Slovenian coastal hotel companies.
Keywords
Hospitality; hotel companies; input-oriented data envelopment analysis; technical efficiency; allocative efficiency; economic efficiency
Hrčak ID:
302708
URI
Publication date:
31.3.2023.
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