Research Article

Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye

Volume: 8 Number: 1 March 31, 2023
TR EN

Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye

Abstract

Performance of the accommodation facilities should be measured and monitored periodically for sustainability in many dimensions which have potential to affect profitability directly. In this study, efficiencies of 88 hotels from Cappadocia/Türkiye are measured via data envelopment analysis. Four inputs and five outputs are considered to measure efficiencies and effectiveness in 2020 during the COVID-19 period. The data are collected via phone calls, hotels’ web pages and Tripadvisor in 2020. 83% of these hotels (73 hotels) are small-sized hotels which have equal or less than 20 rooms. Constant return to scale, variable return to scale and scale efficiencies of hotels are exposed via input-oriented data envelopment analysis. The findings show that facilities which have higher scale had lower classical efficiency. Additionally, it is observed that one of the main reasons for the inefficiency is revenue per available room. In terms of effectiveness, hotels working with travel agencies had a lower performance.

Keywords

References

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Details

Primary Language

English

Subjects

Finance

Journal Section

Research Article

Publication Date

March 31, 2023

Submission Date

January 16, 2023

Acceptance Date

March 29, 2023

Published in Issue

Year 2023 Volume: 8 Number: 1

APA
Kaya, T. (2023). Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye. Ekonomi Politika Ve Finans Araştırmaları Dergisi, 8(1), 130-140. https://doi.org/10.30784/epfad.1235700
AMA
1.Kaya T. Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye. EPF Journal. 2023;8(1):130-140. doi:10.30784/epfad.1235700
Chicago
Kaya, Tekiner. 2023. “Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye”. Ekonomi Politika Ve Finans Araştırmaları Dergisi 8 (1): 130-40. https://doi.org/10.30784/epfad.1235700.
EndNote
Kaya T (March 1, 2023) Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye. Ekonomi Politika ve Finans Araştırmaları Dergisi 8 1 130–140.
IEEE
[1]T. Kaya, “Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye”, EPF Journal, vol. 8, no. 1, pp. 130–140, Mar. 2023, doi: 10.30784/epfad.1235700.
ISNAD
Kaya, Tekiner. “Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye”. Ekonomi Politika ve Finans Araştırmaları Dergisi 8/1 (March 1, 2023): 130-140. https://doi.org/10.30784/epfad.1235700.
JAMA
1.Kaya T. Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye. EPF Journal. 2023;8:130–140.
MLA
Kaya, Tekiner. “Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye”. Ekonomi Politika Ve Finans Araştırmaları Dergisi, vol. 8, no. 1, Mar. 2023, pp. 130-4, doi:10.30784/epfad.1235700.
Vancouver
1.Tekiner Kaya. Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye. EPF Journal. 2023 Mar. 1;8(1):130-4. doi:10.30784/epfad.1235700

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