Tourism: Jurnal Travel, Hospitality, Culture, Destination, and MICE
Vol 3 No 1 (2020): Tourism: Jurnal Travel, Hospitality, Culture, Destination, and MICE

EFFICIENCY ANALYSIS OF HOTELS LISTED IN THE INDONESIAN STOCK EXCHANGE MARKET

Bire, Rio Benedicto (Unknown)



Article Info

Publish Date
26 Jun 2020

Abstract

This paper aims to assess managerial efficiency of the hotels listed in the Indonesian Stock Exchange (IDX) market by applying a Data Envelopment Analysis (DEA) approach. An input oriented DEA assuming both CRS and VRS was employed utilizing data recorded in the companies’ annual reports of year 2017 which encompassed that of revenue, costs and manpower. Research results alluded to identification of both efficient and inefficient hotels, as well as classification for inefficient units, and recognition of peer and peer groups each inefficient hotel can refer to as to project for improvements. Moreover, DEA results provided numerical figures for input reduction each inefficient unit may endeavor. DEA efficiency scores under CRS were proven to be robust, while those under VRS pointed to low discriminatory power. Overall, the application of DEA proved to be a simple yet highly applicable tool for hotel managers to assess performances in regards to managerial efficiency.

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Journal Info

Abbrev

tourism

Publisher

Subject

Arts Decision Sciences, Operations Research & Management Social Sciences Other

Description

Jurnal Tourism adalah jurnal yang dikelola oleh Jurusan Pariwisata Politeknik Negeri Kupang yang mempublikasikan hasil penelitian yang berhubungan dengan tema Perjalanan Wisata, Perhotelan, Budaya, Destinasi, dan Event. Jurnal ini akan diterbitkan 2 kali dalam setahun pada bulan Mei dan ...