Abstract

This paper investigates the contribution of individual inputs on hotel productivity, technical change and efficiency change for a sample of Spanish hotels for the period 1997-2019. To do so, we apply the non-radial and non-oriented weighted Russel directional distance model (WRDDM) considering an input orientation. In a second stage, drivers of productivity, technical and efficiency change are analysed considering a dynamic panel regression. Among other interesting results, average productivity rose during the period, with capital and labor productivity changes being behind this increase. Several policy and managerial implications are introduced based on the results obtained.

Presenters

Christian Hernandez Guedes
PhD Student, Deparment of Quantitative Methods in Economics and Management, University of Las Palmas de Gran Canaria, Spain

Details

Presentation Type

Paper Presentation in a Themed Session

Theme

Tourism and Leisure Industries

KEYWORDS

Productivity, Weighted Russel directional distance model, Hotels, Dynamic panel regression

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