Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
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TY - JOUR
T1 - Incorporating destination quality into the measurement of tourism performance
T2 - a Bayesian approach
AU - Assaf, A. George
AU - Tsionas, Efthymios
PY - 2015/8
Y1 - 2015/8
N2 - Studies on destination benchmarking have so far ignored destination quality in the measurement of tourism performance. Destination quality plays a critical role in attracting tourism outputs (e.g. arrivals, receipts), and hence ignoring it represents an important shortcoming that might bias the benchmarking outcomes. The present paper develops for the first time a Bayesian stochastic frontier model that incorporates destination quality into the estimation of tourism performance. The model we propose benchmarks tourism destinations based on both overall performance (i.e. technical efficiency) and quality performance. We impose a dynamic structure on both technical efficiency and destination quality, and differentiate between short-run and long-run estimates of these measures. We provide ranking of technical efficiency and destination quality for 101 tourism destinations and discuss the implications of our findings.
AB - Studies on destination benchmarking have so far ignored destination quality in the measurement of tourism performance. Destination quality plays a critical role in attracting tourism outputs (e.g. arrivals, receipts), and hence ignoring it represents an important shortcoming that might bias the benchmarking outcomes. The present paper develops for the first time a Bayesian stochastic frontier model that incorporates destination quality into the estimation of tourism performance. The model we propose benchmarks tourism destinations based on both overall performance (i.e. technical efficiency) and quality performance. We impose a dynamic structure on both technical efficiency and destination quality, and differentiate between short-run and long-run estimates of these measures. We provide ranking of technical efficiency and destination quality for 101 tourism destinations and discuss the implications of our findings.
KW - Destination quality
KW - Technical efficiency
KW - Dynamic framework
KW - Bayesian
U2 - 10.1016/j.tourman.2015.02.003
DO - 10.1016/j.tourman.2015.02.003
M3 - Journal article
VL - 49
SP - 58
EP - 71
JO - Tourism Management
JF - Tourism Management
SN - 0261-5177
ER -