Financial performance of Spanish hotels during the crisis
This paper studies the relationship between category, size and chain affiliation of hotels and their financial performance using 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 Alican...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Universidad Politécnica de Valencia
2014-07-01
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| Series: | WPOM : Working Papers on Operations Management |
| Subjects: | |
| Online Access: | http://polipapers.upv.es/index.php/WPOM/article/view/2082 |
| _version_ | 1818236923442888704 |
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| author | Narine Babayan Lourdes Canós Darós Cristina Santandreu Mascarell |
| author_facet | Narine Babayan Lourdes Canós Darós Cristina Santandreu Mascarell |
| author_sort | Narine Babayan |
| collection | DOAJ |
| description | This paper studies the relationship between category, size and chain affiliation of hotels and their financial performance using 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. The results of the study show that 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. |
| first_indexed | 2024-12-12T12:17:35Z |
| format | Article |
| id | doaj.art-6d476aaee77f4fcd9ddc1a636d51f929 |
| institution | Directory Open Access Journal |
| issn | 1989-9068 |
| language | English |
| last_indexed | 2024-12-12T12:17:35Z |
| publishDate | 2014-07-01 |
| publisher | Universidad Politécnica de Valencia |
| record_format | Article |
| series | WPOM : Working Papers on Operations Management |
| spelling | doaj.art-6d476aaee77f4fcd9ddc1a636d51f9292022-12-22T00:24:43ZengUniversidad Politécnica de ValenciaWPOM : Working Papers on Operations Management1989-90682014-07-0151153010.4995/wpom.v5i1.20822648Financial performance of Spanish hotels during the crisisNarine BabayanLourdes Canós DarósCristina Santandreu MascarellThis paper studies the relationship between category, size and chain affiliation of hotels and their financial performance using 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. The results of the study show that 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.http://polipapers.upv.es/index.php/WPOM/article/view/2082Spanish hotelsHotel performanceCategorySizeChain affiliationFinancial crisis |
| spellingShingle | Narine Babayan Lourdes Canós Darós Cristina Santandreu Mascarell Financial performance of Spanish hotels during the crisis WPOM : Working Papers on Operations Management Spanish hotels Hotel performance Category Size Chain affiliation Financial crisis |
| title | Financial performance of Spanish hotels during the crisis |
| title_full | Financial performance of Spanish hotels during the crisis |
| title_fullStr | Financial performance of Spanish hotels during the crisis |
| title_full_unstemmed | Financial performance of Spanish hotels during the crisis |
| title_short | Financial performance of Spanish hotels during the crisis |
| title_sort | financial performance of spanish hotels during the crisis |
| topic | Spanish hotels Hotel performance Category Size Chain affiliation Financial crisis |
| url | http://polipapers.upv.es/index.php/WPOM/article/view/2082 |
| work_keys_str_mv | AT narinebabayan financialperformanceofspanishhotelsduringthecrisis AT lourdescanosdaros financialperformanceofspanishhotelsduringthecrisis AT cristinasantandreumascarell financialperformanceofspanishhotelsduringthecrisis |