Bayesian cost efficiency of Luanda, Angola hotels

A. George Assaf and Carlos Barros

The Service Industries Journal, 2009, vol. 31, issue 9, 1549-1559

Abstract: This paper analyses the cost efficiency of Angola-Luanda hotels using a Bayesian stochastic frontier model. The results confirm that Luanda hotels have increased their cost efficiency over the period of study to reach an overall average of 67.11%. Results from the returns to scale also indicate that further improvements in efficiency are possible if Luanda hotels would increase the size and scale of their operations. Policy implications of the results are derived.

Date: 2009
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:taf:servic:v:31:y:2009:i:9:p:1549-1559

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DOI: 10.1080/02642060903576068

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