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A1269
Topic: Contributed on Quantitative asset management Title: Untangling hotel industries inefficiency: An SFA approach applied to a renowned Portuguese hotel chain Authors:  Nuno Ferreira - ISCTE-IUL (Portugal) [presenting]
Manuela Maria Oliveira - University of Porto (Portugal)
Abstract: The aim is to explore the technical efficiency of five hotels from Teixeira Duarte Group - a renowned Portuguese hotel chain. An efficiency ranking is established from these five hotel units located in Portugal using Stochastic Frontier Analysis. This methodology allows us to discriminate between measurement error and systematic inefficiencies in the estimation process enabling to investigate the main inefficiency causes. Several suggestions concerning efficiency improvement are undertaken for each hotel studied.