Does size matter? On the productivity and profitability of cableway operation
Journal
International tourism research and concepts / International Association of Scientific Experts in Tourism (AIEST)
ISSN
1862-9946
ISBN
978-3-503-10343-0
Type
conference paper
Date Issued
2007-08-20
Author(s)
Editor(s)
Keller, Peter
Abstract
This paper discusses the impact of size, measured in turnover on profitability, i.e. EBITDA per turnover, exemplified by one of the leading industries in alpine tour-ism - cableways. It empirically investigates practitioners' as well as scholars' claim according to which the cableway industry could become more productive and prof-itable by consolidation. The results, drawn from multiple types of regressions, show that there is a significant and logarithmic association between size and profitability. From the nature of that association one can conclude that smaller companies are more likely to gain in productivity and profitability from consolidation than larger companies, which have to find other ways to improve their performance.
Language
English
Keywords
Profitability
cableways
mountain railways
consolidation
HSG Classification
contribution to scientific community
Refereed
Yes
Book title
Productivity in tourism : fundamentals and concepts for achieving growth and competitiveness
Publisher
Schmidt
Publisher place
Berlin
Volume
2
Start page
99
End page
110
Pages
12
Event Title
57th International Asociation of Scientific Experts in Tourism (AIEST) Congress
Event Location
Macau
Event Date
19.-23.08.2007
Subject(s)
Eprints ID
38497