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Hotel productivity: A robust Luenberger productivity indicator

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  • Nickolaos G Tzeremes

    (University of Thessaly, Greece)

Abstract

The article presents a robust version of the Luenberger productivity indicator. The proposed productivity indicator is less sensitive to potential outliers and extreme values. We apply the robust productivity index on a sample of 176 hotels operating in the Canary Islands over the period from 2004 to 2013. The results indicate that hotels have increased their productivity levels over the examined time period. In relation to their productivity levels, it is also evident that hotels have demonstrated strong resilience during the global financial crisis. Finally, it is evident that hotels have been recovered quickly from the global financial crisis based mainly on the ability to increase their technological change levels.

Suggested Citation

  • Nickolaos G Tzeremes, 2019. "Hotel productivity: A robust Luenberger productivity indicator," Tourism Economics, , vol. 25(6), pages 987-996, September.
    • Handle: RePEc:sae:toueco:v:25:y:2019:i:6:p:987-996
    DOI: 10.1177/1354816618821271
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    References listed on IDEAS

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    Cited by:

    1. Santos, Eleonora & Correia, Alexandra & Ferreira, Fernanda & Nunes, Alcina & Veloso, Cláudia & Vieira, Elvira & Silva, Goretti & Fonseca, Manuel & Carrança, Paulo & Fernandes, Paula, 2020. "Productivity Measurement: The Case Of Nature Tourism Firms In Portugal," Journal of Tourism, Sustainability and Well-being, Cinturs - Research Centre for Tourism, Sustainability and Well-being, University of Algarve, vol. 8(4), pages 331-346.
    2. Federico Inchausti-Sintes & Ubay Pérez-Granja & José Juan Morales-Mohamed, 2021. "Analysing labour productivity and its economic consequences in the two Spanish tourist archipelagos," Tourism Economics, , vol. 27(5), pages 1039-1059, August.
    3. Michael L. Polemis & Thanasis Stengos & Nickolaos G. Tzeremes, 2020. "Modeling the effect of competition on US manufacturing sectors’ efficiency: an order-m frontier analysis," Journal of Productivity Analysis, Springer, vol. 54(1), pages 27-41, August.

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