Dynamic Diagnosis of a Company’s Financial Position from the Hospitality Industry
The HoReCa sector is characterized by a particular sensitivity with regard to the fluctuations of a country’s or a region’s general economic situation. It has also proven to be extremely fluctuating in the context of the COVID-19 pandemic, once numerous restrictions were imposed, which led to slowin...
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| Format: | Article |
| Language: | English |
| Published: |
The Body of Expert and Licensed Accountants of Romania
2023-07-01
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| Series: | CECCAR Business Review |
| Subjects: | |
| Online Access: |
https://www.ceccarbusinessreview.ro/dynamic-diagnosis-of-a-companys-financial-position-from-the-hospitality-industry-a312d/download-PDF/
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| _version_ | 1827880595255984128 |
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| author | Bogdan Cosmin GOMOI |
| author_facet | Bogdan Cosmin GOMOI |
| author_sort | Bogdan Cosmin GOMOI |
| collection | DOAJ |
| description | The HoReCa sector is characterized by a particular sensitivity with regard to the fluctuations of a country’s or a region’s general economic situation. It has also proven to be extremely fluctuating in the context of the COVID-19 pandemic, once numerous restrictions were imposed, which led to slowing down or interrupting the activity, against the background of setting up the state of alert and the state of emergency. The article hereby aims to emphasize the dynamics of this sector by starting from a particular case, namely an important company in the field – Turism Felix SA from Băile Felix. During recent years, both Băile Felix resort and the analysed company have developed perpetually and exponentially. The latter proved to be extremely resilient in the pandemic context and can be a model of managing a tourism business. In order to prove this, the study hereby proposes a financial diagnosis based on a balance sheet (financial position) in an interval of three consecutive financial years, namely 2019, under normal conditions, 2020, during the pandemic, and 2021, marked by a relative normality, however, influenced by the numerous restrictions imposed by the compulsory nature of the green certificate. |
| first_indexed | 2024-03-12T18:25:32Z |
| format | Article |
| id | doaj.art-dab21da8e2ee4c6da69d5631881cfa12 |
| institution | Directory Open Access Journal |
| issn | 2668-8921 |
| language | English |
| last_indexed | 2024-03-12T18:25:32Z |
| publishDate | 2023-07-01 |
| publisher | The Body of Expert and Licensed Accountants of Romania |
| record_format | Article |
| series | CECCAR Business Review |
| spelling | doaj.art-dab21da8e2ee4c6da69d5631881cfa122023-08-02T08:34:27ZengThe Body of Expert and Licensed Accountants of RomaniaCECCAR Business Review2668-89212023-07-0146192910.37945/cbr.2023.06.0326688921Dynamic Diagnosis of a Company’s Financial Position from the Hospitality IndustryBogdan Cosmin GOMOI0"Aurel Vlaicu" University of AradThe HoReCa sector is characterized by a particular sensitivity with regard to the fluctuations of a country’s or a region’s general economic situation. It has also proven to be extremely fluctuating in the context of the COVID-19 pandemic, once numerous restrictions were imposed, which led to slowing down or interrupting the activity, against the background of setting up the state of alert and the state of emergency. The article hereby aims to emphasize the dynamics of this sector by starting from a particular case, namely an important company in the field – Turism Felix SA from Băile Felix. During recent years, both Băile Felix resort and the analysed company have developed perpetually and exponentially. The latter proved to be extremely resilient in the pandemic context and can be a model of managing a tourism business. In order to prove this, the study hereby proposes a financial diagnosis based on a balance sheet (financial position) in an interval of three consecutive financial years, namely 2019, under normal conditions, 2020, during the pandemic, and 2021, marked by a relative normality, however, influenced by the numerous restrictions imposed by the compulsory nature of the green certificate. https://www.ceccarbusinessreview.ro/dynamic-diagnosis-of-a-companys-financial-position-from-the-hospitality-industry-a312d/download-PDF/ horecafinancial diagnosisfinancial positionante-pandemicpandemicpost-pandemic |
| spellingShingle | Bogdan Cosmin GOMOI Dynamic Diagnosis of a Company’s Financial Position from the Hospitality Industry CECCAR Business Review horeca financial diagnosis financial position ante-pandemic pandemic post-pandemic |
| title | Dynamic Diagnosis of a Company’s Financial Position from the Hospitality Industry |
| title_full | Dynamic Diagnosis of a Company’s Financial Position from the Hospitality Industry |
| title_fullStr | Dynamic Diagnosis of a Company’s Financial Position from the Hospitality Industry |
| title_full_unstemmed | Dynamic Diagnosis of a Company’s Financial Position from the Hospitality Industry |
| title_short | Dynamic Diagnosis of a Company’s Financial Position from the Hospitality Industry |
| title_sort | dynamic diagnosis of a company s financial position from the hospitality industry |
| topic | horeca financial diagnosis financial position ante-pandemic pandemic post-pandemic |
| url |
https://www.ceccarbusinessreview.ro/dynamic-diagnosis-of-a-companys-financial-position-from-the-hospitality-industry-a312d/download-PDF/
|
| work_keys_str_mv | AT bogdancosmingomoi dynamicdiagnosisofacompanysfinancialpositionfromthehospitalityindustry |