The relevance of tourism in financial sustainability of hotels

Mucharreira, Pedro Ribeiro; Antunes, Marina Godinho; Abranja, Nuno; Justino, Maria Do Rosário Texeira Fernandes; Quirós, Joaquín Texeira

doi:10.1016/j.iedeen.2019.07.002

Cited by 28 publications

(26 citation statements)

References 39 publications

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“…Second, the liquidity ratio [46,47], which is calculated by dividing current assets by current liabilities, shows the ability of the bank to meet its short-term obligations; namely, if this ratio is greater than one, the bank will not have liquidity problems in the short-term. Third, indebtedness ratios [48][49][50][51], long-term, short-term and total indebtedness, which are calculated by dividing non-current liabilities, current liabilities and total liabilities, respectively, by the equity, indicate the proportion of debt over equity and, in general, they are better the smaller they are.…”

Section: Methodsmentioning

confidence: 99%

Sustainable and conventional banking in Europe

2020

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At the end of the 20 th century a new banking model, the so-called ethical banking, emerged becoming the maximum exponent of a socially responsible investment. The financial crisis in 2008 led to a distrust of the conventional financial system and consequently investors began to look with interest this new banking, which only invests in ethical activities and products, with social and environmental criteria, total transparency and a democratic management. The aim of this article is to analyze the economic structure of ethical banking, compared to that of conventional banking, by paying attention to its liquidity, coverage and solvency. Specifically, We compare the financial statements of Triodos Bank, the main European ethical bank belonging to the Global Alliance for Banking on Values, with two of the main conventional banks of each of the five countries in Europe in which it operates. To do this, we apply a financial and economic analysis to the period from 2015 to 2018, the means difference test and analysis of variance on an array of financial ratios and, finally, probit regressions. The results reveal that ethical banking is growing more than conventional banking and it presents greater liquidity and solvency, although, in general terms, its profitability is not higher. In conclusion, both savers and investors have guarantees that their savings are invested not only in a responsible but also in a confident way in ethical banking.

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Section: Methodsmentioning

confidence: 99%

Sustainable and conventional banking in Europe

2020

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“…Jagels (2007) revealed that liquidity, activity, profitability and operational indicators are able to measure the financial performance of hotels. The performance of hotels can also be assessed using several financial and economic indicators, such as profit (Claver-Cortes et al 2006, Xiao et al 2012, revenues (Xiao et al 2012, Yang a Cai 2016), indebtedness (Mucharreira et al 2019), return on assets -ROA a return on equity -ROE (Chen 2010, 2011, Costa a Costa 2019), stock performance (Chen 2010) or occupancy rates (Claver-Cortes et al 2006, Chen 2010, Yang et al 2017.…”

Section: Literature Reviewmentioning

confidence: 99%

“…By using a meta-analysis, Assaf and Josiassen (2016) identified more than 50 studies that dealt with measuring and comparing the performance of international hotels. The analysis of differences was carried out in several studies, for example, the findings revealed by Mucharreira et al (2019) did not show a significant statistical difference in hotel indebtedness. Pereira-Moliner et al (2011) examined the differences in the performance of hotels within the same group and between groups of hotels, while the authors found the existence of differences in both cases.…”

Section: Literature Reviewmentioning

confidence: 99%

Differences in financial performance between various categories of hotels in the Visegrad Group countries

Bačík¹,

Fedorko²,

Gavurová³

et al. 2020

Journal of International Studies

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Under market economy, financial health of businesses is one of the main determinants in achieving business objectives and building a competitive advantage. The objective of the study is to evaluate differences in the selected financial indicators across the categories of hotels in the Visegrad Group countries. This objective was achieved by testing these differences in the selected financial indicators (CF, EVA, ROE, ROCE, ROA, ROS and many others) for various hotel categories (two-to five-star hotels). Hotel category data (stars) were collected from Booking.com, financial outcomes were obtained directly from the financial statements of the analysed hotels. Testing of differences was carried out by non-parametric tests (Kruskal-Wallis test, Wilcoxon test). Statistically

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“…The number of tourist visits has significantly increased all over the world following great tourism campaigns by tourism destinations. World Tourism Organization formally reported that the increase of the number of tourist arrivals is encouraging for the future of tourism industry (Mucharreira et al, 2019). In 2018, the increase was at 5.3% comparing to the number in 2017 which is from 1,332 million in 2017 to 1,407 million in 2018, while an increase of 3.6% occurred in 2019 with 1,461 million of tourist arrival.…”

Section: Introductionmentioning

confidence: 99%

Communication Challenges for Foreign Workers within Multicultural Hospitality Working Environment: Case Front Office of Hotel X in Japan

Ardani¹,

Basalamah²

2021

IJSSB

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As tourism grows fast and tourism destinations develops well all around the world, the human capital in the sectors are the most important component of its business which deliver services. The grow affects all aspects of business including hospitality industry. A multicultural working environment in hospitality industry has been practiced since decades due to its international character of business. The condition brought communication challenges to the internal operations more particularly in the front-line departments. This research aims to find out the challenges for foreign workers in the process of communication and how they overcome any communication problems that may occurred in their day-to-day operations in a multicultural hospitality working environment. Different cultures may press the communication problems while the business is about serving people and ensure that all the guest needs are provided well in timely manner. The research is conducted in a three-star-rated hotel in Japan with a multicultural environment and may give insights to the hoteliers who aspire to embrace their future career abroad. The findings are quite interesting since culture is taking the most important part to overcome and handle the situation as it aims to maintain a good working environment.

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The relevance of tourism in financial sustainability of hotels

Cited by 28 publications

References 39 publications

Sustainable and conventional banking in Europe

Sustainable and conventional banking in Europe

Differences in financial performance between various categories of hotels in the Visegrad Group countries

Communication Challenges for Foreign Workers within Multicultural Hospitality Working Environment: Case Front Office of Hotel X in Japan

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