The Efficiency Score of Small Accommodation Businesses in Non-Coastal Rural Areas in Greece
1
Department of Agricultural Economics, School of Agriculture, Aristotle University of Thessaloniki, 54124 Thessaloniki, Greece
2
Department of Tourism Economics and Management, Aegean University, 82132 Chios, Greece
*
Author to whom correspondence should be addressed.
Academic Editors: Elisabeth Kastenholz, Bernard Lane and Maria João Carneiro
Sustainability 2021, 13(19), 11005; https://doi.org/10.3390/su131911005
Received: 12 August 2021
/
Revised: 26 September 2021
/
Accepted: 27 September 2021
/
Published: 4 October 2021
(This article belongs to the Special Issue Sustainability and Rural Tourism)
Small accommodation businesses dominate the rural hospitality industry, producing simple or complex tourist products and services in order to be sustainable and competitive. In this paper, a two-stage data envelopment analysis (DEA) model was applied in a representative sample of 151 small accommodation businesses in non-coastal areas in the region of Central Macedonia in Greece. In the first stage, DEA-bootstrapping is applied to estimate point and interval efficiency ratios of accommodation businesses and identify the benchmark accommodations. The double bootstrapping truncated procedure of Simar and Wilson is implemented in the second stage to investigate the role of five business factors in terms of efficiency. The findings suggest that small accommodation businesses, although they are based in areas where tourist resources abound, are inefficient. Moreover, the results of the truncated regression method showed that the business’s size, the operating days, and the variety of activities (simple/complex) affect business’s inefficiency. On the contrary, the business’s age and their engagement in agriculture or not do not affect business’s efficiency. The results are important for rural entrepreneurs and policy makers, and they will also be useful for the adaptation of businesses to increase their efficiency.
View Full-Text
Keywords:
business variables; bootstrap truncated data envelopment analysis; efficiency factors; Greece; performance; rural tourism activities; small accommodation businesses
▼
Show Figures
Figure 1
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited
MDPI and ACS Style
Dimitriadou, E.; Bournaris, T.; Stavrinoudis, T.; Iakovidou, O. The Efficiency Score of Small Accommodation Businesses in Non-Coastal Rural Areas in Greece. Sustainability 2021, 13, 11005. https://doi.org/10.3390/su131911005
AMA Style
Dimitriadou E, Bournaris T, Stavrinoudis T, Iakovidou O. The Efficiency Score of Small Accommodation Businesses in Non-Coastal Rural Areas in Greece. Sustainability. 2021; 13(19):11005. https://doi.org/10.3390/su131911005
Chicago/Turabian StyleDimitriadou, Eleni, Thomas Bournaris, Theodoros Stavrinoudis, and Olga Iakovidou. 2021. "The Efficiency Score of Small Accommodation Businesses in Non-Coastal Rural Areas in Greece" Sustainability 13, no. 19: 11005. https://doi.org/10.3390/su131911005
Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.
