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Assessing Tourism Development From Sen’S Capability Approach, Robertico R. Croes
Assessing Tourism Development From Sen’S Capability Approach, Robertico R. Croes
Faculty Scholarship and Creative Works
The purpose of this study is to assess tourism development in the context of Sen’s capability approach. The study developed a model to investigate the relationship between tourism development and human development while focusing on two countries, Nicaragua and Costa Rica. The study applied a cointegration technique based on the Granger representation theorem. Overall, tourism development and human development reveals a tenuous relationship in both cases, reflecting some threshold effect. The importance of tourism growth is merited in the distribution of its benefits and the extent that tourism receipts are allocated to support human development (public health, education, safety, etc.). …
Does Discounting Work In The Lodging Industry?, Robertico R. Croes, Kelly J. Semrad
Does Discounting Work In The Lodging Industry?, Robertico R. Croes, Kelly J. Semrad
Faculty Scholarship and Creative Works
The central intent of this econometric case study analysis is to examine the relationship between discounting room rates and hotel financial performance. The study provides a theoretical framework that investigates the fundamentals of discounting and empirically assesses the efficacy of the discounting process in the lodging industry. The study adopts an error correction model to properly account for the dynamics of the industry. The results indicate that the variables may be modeled as an integrated process and which are linked in the long run and also possess a short-term relationship. The research findings suggest that discounting works both in the …