Araştırma Makalesi

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

Cilt: 8 Sayı: 1 31 Mart 2023
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Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye

Öz

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.

Anahtar Kelimeler

Kaynakça

  1. Aksu, A.A. and Köksal, C.D. (2005). Comparing the efficiency of the independent hotels and chain hotels using Data Envelopment Analysis: A study in the Antalya region. The Journal of Economy, Business and Finance (IIF), 20(235), 97-107. Retrieved from http://iif.com.tr/
  2. Assaf, A.G. and Magnini, V. (2012). Accounting for customer satisfaction in measuring hotel efficiency: Evidence from the US hotel industry. International Journal of Hospitality Management, 31(3), 642-647. https://doi.org/10.1016/j.ijhm.2011.08.008
  3. Avkiran, N.K. (1999). An application reference for data envelopment analysis in branch banking: Helping the novice researcher. International Journal of Bank Marketing, 17(5), 206-220. https://doi.org/10.1108/02652329910292675
  4. Barros, C.P. and Dieke, P.U. (2008). Technical efficiency of African hotels. International Journal of Hospitality Management, 27(3), 438-447. https://doi.org/10.1016/j.ijhm.2007.11.004
  5. Barros, C.P., Botti, L., Peypoch, N., Robinot, E. and Solonandrasana, B. (2011). Performance of French destinations: Tourism attraction perspectives. Tourism Management, 32(1), 141-146. https://doi.org/10.1016/j.tourman.2010.01.015
  6. Benli, Y.K. (2012). Data envelopment analysis (DEA) and Malmquist total factor productivity (TFP): An empirical evidence in accommodation businesses. Ege Academic Review, 12(3), 369. Retrieved from https://dergipark.org.tr/tr/pub/eab
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Ayrıntılar

Birincil Dil

İngilizce

Konular

Finans

Bölüm

Araştırma Makalesi

Yayımlanma Tarihi

31 Mart 2023

Gönderilme Tarihi

16 Ocak 2023

Kabul Tarihi

29 Mart 2023

Yayımlandığı Sayı

Yıl 2023 Cilt: 8 Sayı: 1

Kaynak Göster

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 (01 Mart 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, c. 8, sy 1, ss. 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 (01 Mart 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, c. 8, sy 1, Mart 2023, ss. 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. 01 Mart 2023;8(1):130-4. doi:10.30784/epfad.1235700

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