Room Occupancy Rates of Hotels in Bali: Testing for Long Memory and Multiple Structural Breaks

Chen, Jo-Hui and Malinda, Maya (2015) Room Occupancy Rates of Hotels in Bali: Testing for Long Memory and Multiple Structural Breaks. Journal of International and Global Economic Studies, 8 (1). pp. 51-67. ISSN 1940-655X

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Abstract

This research examines the behavior of room occupancy rates of hotels using long memory and multiple structural break analysis. The room occupancy rates in Bali are divided into five-types of hotels. Autoregressive fractionally integrated moving average and fractionally integrated generalized autoregressive conditional heteroskedasticity (ARFIMA-FIGARCH) model and the iterated cumulative sums of squares test (ICCS) method for multiple structural breaks are applied to examine the long memory process. Empirical findings indicate that almost all types of hotels in Bali have a long memory process with the same structural break time, thus suggesting an interconnection to the type of hotel. The room occupancy rates of 2-star, 3-star and 4- star hotels in Bali have discovered long memory.

Item Type:	Article
Uncontrolled Keywords:	Bali, Long Memory, Multiple Structural Breaks, Room Occupancy Rates.
Subjects:	H Social Sciences > H Social Sciences (General)
Depositing User:	Perpustakaan Maranatha
Date Deposited:	22 Jan 2019 00:33
Last Modified:	02 Dec 2021 22:54
URI:	http://repository.maranatha.edu/id/eprint/25360

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