Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye
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 inp...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Ekonomi ve Finansal Araştırmalar Derneği
2023-03-01
|
| Series: | Ekonomi, Politika & Finans Araştırmaları Dergisi |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/download/article-file/2894655 |
| _version_ | 1827572552600387584 |
|---|---|
| author | Tekiner Kaya |
| author_facet | Tekiner Kaya |
| author_sort | Tekiner Kaya |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-07T19:06:22Z |
| format | Article |
| id | doaj.art-746ebefd960e485a9ab35715e858560c |
| institution | Directory Open Access Journal |
| issn | 2587-151X |
| language | English |
| last_indexed | 2024-03-07T19:06:22Z |
| publishDate | 2023-03-01 |
| publisher | Ekonomi ve Finansal Araştırmalar Derneği |
| record_format | Article |
| series | Ekonomi, Politika & Finans Araştırmaları Dergisi |
| spelling | doaj.art-746ebefd960e485a9ab35715e858560c2024-03-01T08:33:43ZengEkonomi ve Finansal Araştırmalar DerneğiEkonomi, Politika & Finans Araştırmaları Dergisi2587-151X2023-03-018113014010.30784/epfad.1235700957Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in TürkiyeTekiner Kaya0Nevşehir Hacı Bektaş Veli ÜniversitesiPerformance 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.https://dergipark.org.tr/tr/download/article-file/2894655etkinlikkonaklama i̇şletmelerikapadokyaotel performansıhospitalityhotel performancecappadociaefficiency |
| spellingShingle | Tekiner Kaya Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye Ekonomi, Politika & Finans Araştırmaları Dergisi etkinlik konaklama i̇şletmeleri kapadokya otel performansı hospitality hotel performance cappadocia efficiency |
| title | Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye |
| title_full | Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye |
| title_fullStr | Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye |
| title_full_unstemmed | Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye |
| title_short | Efficiency and Effectiveness of the Hotels in the Covid-19 Period: Evidence from Cappadocia in Türkiye |
| title_sort | efficiency and effectiveness of the hotels in the covid 19 period evidence from cappadocia in turkiye |
| topic | etkinlik konaklama i̇şletmeleri kapadokya otel performansı hospitality hotel performance cappadocia efficiency |
| url | https://dergipark.org.tr/tr/download/article-file/2894655 |
| work_keys_str_mv | AT tekinerkaya efficiencyandeffectivenessofthehotelsinthecovid19periodevidencefromcappadociainturkiye |