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Financial performance of spanish hotels during the crisis

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Financial performance of spanish hotels during the crisis

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dc.contributor.advisor Canós Darós, Lourdes es_ES
dc.contributor.advisor Santandreu Mascarell, Cristina es_ES
dc.contributor.author Babayan, Narine es_ES
dc.date.accessioned 2014-01-23T15:21:12Z
dc.date.available 2014-01-23T15:21:12Z
dc.date.created 2013-09-25
dc.date.issued 2014-01-23
dc.identifier.uri http://hdl.handle.net/10251/35056
dc.description.abstract [EN] Purpose This paper studies the relationship between category, size and chain affiliation of hotels and their financial performance. Design/Methodology/Approach This investigation used ANOVA analysis of financial data collected from the SABI database. The target population was Spanish hotels, and the sample used for the study was the hotels of the Alicante region. Findings In times of the crisis, financial figures of hotel companies are generally very low, with the negative average profits in most cases. Category, size and chain affiliation do not completely explain the differences between hotels financial performance. Only revenue has a significant relationship with all of these three variables. Among other financial indicators, also revenue per room is influenced by category, while gross profits per room and net profits per room are influenced both by category and chain affiliation. Research limitations/implications The study was carried out on the sample of hotels of only one region of Spain, Alicante, and not all the Spanish hotels. Furthermore, it is based on the data obtained from secondary sources of information. Originality/value Though there are studies that have already analysed the influence of category, size and chain affiliation on the financial performance of Spanish hotels, 1- and 2-star hotels were excluded from them. Furthermore, this paper also includes the effect of the global financial crisis on the Spanish hotel industry. es_ES
dc.format.extent 28 es_ES
dc.language Inglés es_ES
dc.rights Reconocimiento - No comercial - Sin obra derivada (by-nc-nd) es_ES
dc.subject Sector hotelero es_ES
dc.subject España es_ES
dc.subject Sector turístico es_ES
dc.subject Crisis económica es_ES
dc.subject Hoteles es_ES
dc.subject Turismo es_ES
dc.subject Alicante (provincia) es_ES
dc.subject Crisis financiera es_ES
dc.subject Estados financieros es_ES
dc.subject Cadenas hoteleras es_ES
dc.subject Afiliación cadenas hoteleras es_ES
dc.subject Base de datos SABI es_ES
dc.subject.classification ECONOMIA FINANCIERA Y CONTABILIDAD es_ES
dc.subject.classification ORGANIZACION DE EMPRESAS es_ES
dc.subject.other Máster Universitario en Gestión de Empresas, Productos y Servicios-Màster Universitari en Gestió d'Empreses, Productes i Serveis es_ES
dc.title Financial performance of spanish hotels during the crisis es_ES
dc.type Tesis de máster es_ES
dc.rights.accessRights Abierto es_ES
dc.contributor.affiliation Universitat Politècnica de València. Facultad de Administración y Dirección de Empresas - Facultat d'Administració i Direcció d'Empreses es_ES
dc.description.bibliographicCitation Babayan, N. (2013). FINANCIAL PERFORMANCE OF SPANISH HOTELS DURING THE CRISIS. http://hdl.handle.net/10251/35056. es_ES
dc.description.accrualMethod Archivo delegado es_ES


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