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The Efficiency of the Spa Enterprises in Slovakia

In: Tourism, Travel, and Hospitality in a Smart and Sustainable World

Author

Listed:
  • Radka Marčeková

    (Matej Bel University in Banská Bystrica)

  • Mária Grausová

    (Matej Bel University in Banská Bystrica)

Abstract

The paper investigates and compares the efficiency of seventeen spa enterprises in Slovakia. It focuses on a country with a large number of natural healing resources and spas. However, many of the spas are not financially stable. Based on measuring the efficiency of companies, it is possible from the business-economic point of view to examine and express the value effect, which is the goal of the tourism business. In order to measure the efficiency of the selected spa enterprises, the data envelopment analysis (DEA) was applied. The aim of the paper is to examine the efficiency of selected spa enterprises in Slovakia, by data envelopment analysis, and determine the most efficient and the least efficient spa enterprises. The paper uses the radial output output-oriented efficiency DEA model under variable returns to scale assumptions and the Malmquist productivity index. This paper refers to the application of DEA analysis to tourism business praxis.

Suggested Citation

  • Radka Marčeková & Mária Grausová, 2023. "The Efficiency of the Spa Enterprises in Slovakia," Springer Proceedings in Business and Economics, in: Vicky Katsoni (ed.), Tourism, Travel, and Hospitality in a Smart and Sustainable World, pages 39-50, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-29426-6_3
    DOI: 10.1007/978-3-031-29426-6_3
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