Analyzing income statement of 3 star hotels in Thessaloniki
The sector of hotel business in Greece is facing major problems. Based on several scientific studies, there is deteriorating financial situation and reduced efficiency. Moreover, many hotels have shown repeated losses. This study has attempted to investigate the effectiveness of the three star hotel...
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| Format: | Article |
| Language: | English |
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Faculty of tourism and hospitality management
2012-06-01
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| Series: | Tourism and Hospitality Management |
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| Online Access: | https://thm.fthm.hr/images/issues/vol18no1/6_Chouliaras |
| _version_ | 1818925594219380736 |
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| author | Vassilis Chouliaras |
| author_facet | Vassilis Chouliaras |
| author_sort | Vassilis Chouliaras |
| collection | DOAJ |
| description | The sector of hotel business in Greece is facing major problems. Based on several scientific studies, there is deteriorating financial situation and reduced efficiency. Moreover, many hotels have shown repeated losses. This study has attempted to investigate the effectiveness of the three star hotels of the city of Thessaloniki compared with the whole country. Also, with the regression method (regression analysis) sought the sources of profit or loss. Based on the accounts of all the hotels of this category in Thessaloniki, it was found that the economic situation and their effectiveness is not significantly different to that of the national total, although in general the situation is better. In addition, the structure of balance sheets and income statements show many
differences between the different companies so it is not possible to draw firm conclusions about the sources of efficiency. |
| first_indexed | 2024-12-20T02:43:42Z |
| format | Article |
| id | doaj.art-5e5719e5fab649b39c48b3b4f73da025 |
| institution | Directory Open Access Journal |
| issn | 1330-7533 1847-3377 |
| language | English |
| last_indexed | 2024-12-20T02:43:42Z |
| publishDate | 2012-06-01 |
| publisher | Faculty of tourism and hospitality management |
| record_format | Article |
| series | Tourism and Hospitality Management |
| spelling | doaj.art-5e5719e5fab649b39c48b3b4f73da0252022-12-21T19:56:14ZengFaculty of tourism and hospitality managementTourism and Hospitality Management1330-75331847-33772012-06-01181839310.20867/thm.18.1.6Analyzing income statement of 3 star hotels in ThessalonikiVassilis Chouliaras0Technological Education Institute of Serres, Department of Accounting, GreeceThe sector of hotel business in Greece is facing major problems. Based on several scientific studies, there is deteriorating financial situation and reduced efficiency. Moreover, many hotels have shown repeated losses. This study has attempted to investigate the effectiveness of the three star hotels of the city of Thessaloniki compared with the whole country. Also, with the regression method (regression analysis) sought the sources of profit or loss. Based on the accounts of all the hotels of this category in Thessaloniki, it was found that the economic situation and their effectiveness is not significantly different to that of the national total, although in general the situation is better. In addition, the structure of balance sheets and income statements show many differences between the different companies so it is not possible to draw firm conclusions about the sources of efficiency.https://thm.fthm.hr/images/issues/vol18no1/6_Chouliarashotelshotel operationsprofitabilityfinancial statements |
| spellingShingle | Vassilis Chouliaras Analyzing income statement of 3 star hotels in Thessaloniki Tourism and Hospitality Management hotels hotel operations profitability financial statements |
| title | Analyzing income statement of 3 star hotels in Thessaloniki |
| title_full | Analyzing income statement of 3 star hotels in Thessaloniki |
| title_fullStr | Analyzing income statement of 3 star hotels in Thessaloniki |
| title_full_unstemmed | Analyzing income statement of 3 star hotels in Thessaloniki |
| title_short | Analyzing income statement of 3 star hotels in Thessaloniki |
| title_sort | analyzing income statement of 3 star hotels in thessaloniki |
| topic | hotels hotel operations profitability financial statements |
| url | https://thm.fthm.hr/images/issues/vol18no1/6_Chouliaras |
| work_keys_str_mv | AT vassilischouliaras analyzingincomestatementof3starhotelsinthessaloniki |