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A Decision Tree Application in Tourism-based Regional Economic Development

Author

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  • Curtis, Panayiotis G.
  • Kokotos, Dimitris X.

Abstract

The reasons for the deficient performance of Ionian Islands tourism in terms of in coming revenues expressed in USD and return on equity capital invested on hotels is explored. The answers to the questioner of management of the hotels surveyed were analyzed with the use of the Decision Tree tool. The issue of competitiveness of the tourism product was assessed. The development of alternative forms of tourism is proposed as a means of improving competitiveness and restoring sustainability in the sector.

Suggested Citation

  • Curtis, Panayiotis G. & Kokotos, Dimitris X., 2008. "A Decision Tree Application in Tourism-based Regional Economic Development," MPRA Paper 25302, University Library of Munich, Germany, revised 26 May 2008.
    • Handle: RePEc:pra:mprapa:25302
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    File URL: https://mpra.ub.uni-muenchen.de/25302/1/MPRA_paper_25302.pdf
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    References listed on IDEAS

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    1. David J. Hand & Heikki Mannila & Padhraic Smyth, 2001. "Principles of Data Mining," MIT Press Books, The MIT Press, edition 1, volume 1, number 026208290x, December.
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    Cited by:

    1. Panayiotis G. Curtis & Michael Hanias & Eleftherios Kourtis & Mixalis Kourtis, 2020. "Data Envelopment Analysis (DEA) and Financial Ratios: Α Pro-Stakeholders’ View of Performance Measurement for Sustainable Value Creation of the Wind Energy," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 326-350.

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    More about this item

    Keywords

    Decision trees; tourism; strategy; regional economic development;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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