Gibrat's Law and the Impact of Ownership: A Case Study of Croatia's Hotel Industry

2015 ◽  
Vol 21 (1) ◽  
pp. 105-120 ◽  
Author(s):  
Neven Ivandić
Keyword(s):  
Hotel Industry ◽  
Gibrat’S Law ◽  
Gibrat's Law ◽  
The Impact

scholarly journals Influence of Tourism Seasonality and Financial Ratios on Hotels’ Exit Risk

2021 ◽  
pp. 109634802110160
Author(s):  
Dengjun Zhang ◽  
Jinghua Xie
Keyword(s):  
Proportional Hazards ◽  
Proportional Hazards Model ◽  
Hotel Industry ◽  
Financial Ratios ◽  
Market Segment ◽  
Tourism Demand ◽  
Hazards Model ◽  
Two Measures ◽  
The Impact

Tourism seasonality negatively affects hotels’ operational and financial performance and then survival probabilities. Several studies have evaluated the impact of tourism seasonality on hotels’ exit risk. However, the empirical findings are ambiguous, probably due to the overall seasonality and different measures used in these studies. Against this background, this study explores the impact of tourism seasonality on hotel firms’ exit risk, using a proportional hazards model. We controlled for financial ratios, the main factors influencing the exit risk, and used two measures of tourism seasonality by market segment, namely, leisure, business, and conference tourism. The case study is the Norwegian hotel industry. The empirical results suggest that the different seasonal patterns of tourism demand in the market segments mitigate the impact of the overall seasonality on hotels’ exit risk, and that seasonality measures of various tourism segments affect the exit risk in different ways.

scholarly journals The impact of Internet distribution systems on the promotion, sales, and quality of hotel accommodation (with 4 and 5 stars in the City of Niš)

2021 ◽  
pp. 56-72
Author(s):  
Tamara Stanković ◽  
Slobodan Čerović
Keyword(s):  
Social Networks ◽  
Distribution Systems ◽  
Focal Point ◽  
Hotel Industry ◽  
Market Demand ◽  
The Impact ◽  
The City ◽  
Hotel Accommodation

This work is a theoretical and empirical overview of the influence of IDS and social networks on the promotion, sales, and quality of hotel accommodation. The work outlines a theoretical-academic presentation and includes a case study, which was carried out through research in 4-star and 5-star hotels. The research identifies the usage and influence of IDS on promotion, sales, and quality of hotel accommodation, the key advantages of cooperation and areas where it is lacking, as well as the usage and importance of social networks in promotion and sales. The terms "IDS" and "social networks in hotel businesses", their definition and importance are presented in the theoretical part of this work. The focal point of this work is to prove the importance of applying IDS and social networks in promotion, sales, and quality of services, in addition to showing the advantages of cooperation and areas where it is lacking. Furthermore, this work emphasizes the importance of staying up to date and in agreement with the latest innovations and their usage in the hotel industry, as well as the significance of adjusting the offer and services to the market demand.

scholarly journals Entrepreneurial approaches to the internationalisation of Portugal’s hotel industry

2019 ◽  
Vol 31 (3) ◽  
pp. 1141-1165 ◽  
Author(s):  
Ricardo J.C. de Correia ◽  
Jorge Lengler ◽  
Asad Mohsin
Keyword(s):  
Design Methodology ◽  
International Entrepreneurship ◽  
Hotel Industry ◽  
Cross Sectional ◽  
Resource Based View ◽  
Content Type ◽  
Entrepreneurial Attitudes ◽  
The Impact ◽  
Further Development

Purpose The purpose of this study is to assess motivational factors in the internationalisation of Portuguese hotel firms. Design/methodology/approach The epistemological approach that supports the development of this study is based on a deductive strategy. A comprehensive multi-case study was performed in which theoretical propositions were tested prior to further development. Findings The results of this study reveal that the internationalisation process of Portuguese hotel companies was triggered by managers’ entrepreneurial attitudes and international vision that in themselves embraced a combination of particular resources and competencies. Research limitations/implications Noteworthy are study’s contributions to international entrepreneurship as an individual act within existing social networks established by managers and the management team as a result of previous business experiences. The impact of this overall entrepreneurial profile on firms’ behaviour is also of interest. Limitations of the study relate to its cross-sectional nature and the number of interviewees. Originality/value The integration of economic paradigms with behaviour theories and the resource-based view to understand how and why Portuguese hotel companies engage in international endeavours is a major contribution of this study.

TripAdvisor and reputation: a case study of the hotel industry in Cyprus

2017 ◽  
Vol 12 (3) ◽  
pp. 316-334 ◽  
Author(s):  
Nicholas Nicoli ◽  
Evgenia Papadopoulou
Keyword(s):  
Social Media ◽  
Hotel Industry ◽  
Communication Strategy ◽  
Reputation Management ◽  
Annual Reports ◽  
Content Type ◽  
Online Reputation ◽  
The Impact ◽  
And Training

Purpose The purpose of this paper is to examine the significance of TripAdvisor on reputation within the hotel industry. TripAdvisor encapsulates key themes in establishing an online reputation strategy in an evolving digital landscape. Design/methodology/approach Through the use of an exploratory case study, data were gathered primarily by means of a series of expert interviews within the hotel industry in Cyprus, today a mature holiday destination in Europe. Further data collection included a document search of presentations, annual reports, past surveys and sales and marketing literature from the examined industry. Findings Hotel communication practitioners are fully aware of the impact of social media in managing reputation. Constant monitoring, prompt responses, training and transparency were identified as key factors. Online reputation management needs to be taken into consideration when designing a comprehensive integrated communication strategy. Research limitations/implications Congruence amongst interviewees in certain areas could be on account of the homogeneity of practitioners, of their background and training and of similar organisational cultures across the locale of study. This leads to limits in the generalisations from this study’s findings. Practical implications Encouragement and training of employees were amongst the primary suggestions that emerged. An internal and external environmental scan, recognising possible strengths, weaknesses, opportunities and threats, which could assist in the effective engagement and monitoring of the organisation’s online presence, were also suggested. Originality/value The uniqueness of the study lies in its exploration of reputation management of a well-known traveller’s platform by addressing social media content in both a proactive and reactive manner.

scholarly journals Hotel Industry – Requirements for Hotel Business Managers’ Participatory Culture Acquisition

2018 ◽  
Vol 1 (1) ◽  
pp. 639-644
Author(s):  
Inna Piasetskaya ◽  
Alla Matuszak
Keyword(s):  
Hotel Industry ◽  
Participatory Culture ◽  
Business Managers ◽  
Chi Square ◽  
Post Test ◽  
Chi Square Test ◽  
Data Source ◽  
The Impact ◽  
Culture Acquisition

Abstract The paper aims at viewing meeting the requirements of hotel business managers functioning and training. As their successful employment and functions performing largely depends on participatory culture acquisition, the paper addresses the research questions: what groups of skills hotel business managers’ participatory professional skills (PPS) consist of; what activities might be used to teach PPS to future hotel business managers; what is the activities’ impact on teaching PPS to future hotel business managers. Case study and pedagogical experiment (the pretest-post-test control and experimental group design) have been applied in the research. Data have been gathered through conversational interviewing. Data source triangulation has been implemented to prove the validity of conversational interviewing questions. The research results in enlisting profession skills as the core of participatory culture. The traditions of the higher school and the requirements of partners participating in future hotel business managers training have been taken into consideration to teach PPS to future hotel business managers. The paper presents the results of testing the impact of the suggested activities program on the level of PPS. Statistical data processing is performed in the MS Excel 2010 environment using the chi-square test with a sample size (n ≥ 100). It shows that the program of activities meets the requirements to the future hotel business managers’ participatory culture acquisition.

The Impact of Organisational Learning on Innovation: Case Study of the Serbian Hotel Industry

2018 ◽  
Vol 23 (4) ◽  
pp. 673-692 ◽  
Author(s):  
Ana Jovičić Vuković ◽  
Snježana Gagić ◽  
Aleksandra Terzić ◽  
Marko D. Petrović ◽  
Milan Radovanović
Keyword(s):  
Hotel Industry ◽  
Organisational Learning ◽  
The Impact

scholarly journals A Case Study of Factors Affecting the Performance of the Hotel Industry of Chiang Mai in Thailand and the Impact of Covid-19: Taking De Chai Hotel Group as an Example

2020 ◽  
pp. 63-76
Author(s):  
Jui-Lung Chen ◽  
Kusumalee Kitingern
Keyword(s):  
Large Scale ◽  
Management Strategies ◽  
Hotel Industry ◽  
Jel Classification ◽  
Chiang Mai ◽  
Factors Affecting ◽  
Industry Performance ◽  
Group A ◽  
The Impact

Tourism has made a significant contribution to Thailand's economy, bringing considerable tourism revenue to Thailand every year, and driving the sustained growth of related industries. This study focused on the factors that affect the performance of the hotel industry of Chiang Mai in Thailand, taking De Chai Hotel Group, a local large-scale hotel group, as a case study, and discussed the impact of COVID-19 on it and its countermeasures. This study also put forward relevant suggestions as a reference for the hotel industry to formulate management strategies and future development. JEL classification numbers: L25, L83. Keywords: Tourism, Hotel industry, Performance, COVID-19.

scholarly journals Influence of Tourism Seasonality and Financial Ratios on Hotels’ Exit Risk

2020 ◽  
Author(s):  
Jinghua Xie ◽  
Dengjun Zhang
Keyword(s):  
Large Body ◽  
Hotel Industry ◽  
Financial Ratios ◽  
Seasonal Patterns ◽  
Market Segment ◽  
Tourism Demand ◽  
Two Measures ◽  
Main Factors ◽  
The Impact

A large body of research has documented the impact of tourism seasonality on hotels’ operational and financial performance, further affecting hotels’ competitive advantage and survival probabilities. Several studies have included the seasonality measures in the models to evaluate hotels’ exit risk. However, the empirical findings are ambiguous, probably because the overall seasonality and different measures were used in those studies. Against this background, this study explores the impact of tourism seasonality on hotel firms’ exit risk, by controlling for financial ratios, the main factors influencing the exit risk, and using two measures of tourism seasonality by market segment, namely, the leisure, business, and conference tourism. The primary hypotheses are: (1) The different seasonal patterns of tourism demand in the market segments mitigate the impact of the overall seasonality on hotels’ exit risk, and (2) Seasonality measures of various tourism segments affect the exit risk in different manners. The case study is the Norwegian hotel industry with 4,622 hotel-years in the period between 2008 and 2018. The empirical results suggest the failure to reject the hypotheses, regardless of the measures of tourism seasonality, indicating the robustness of our findings.

BARRIERS TO ENTREPRENEURSHIP AND SME GROWTH IN TRANSITION: THE CASE OF KOSOVA

2007 ◽  
Vol 12 (01) ◽  
pp. 71-94 ◽  
Author(s):  
BESNIK A. KRASNIQI
Keyword(s):  
Business Environment ◽  
Unfair Competition ◽  
Policy Implications ◽  
Tax Burden ◽  
External Financing ◽  
Gibrat’S Law ◽  
Gibrat's Law ◽  
Environment Variables ◽  
Barriers To Growth ◽  
The Impact

This study investigates the barriers to growth of small- and medium-sized enterprises (SMEs) in Kosova. It is based on a SME survey conducted by Riinvest Institute at the end of 2002 which identified critical business environment barriers perceived by entrepreneurs such as legal environment, administrative burden, external financing, tax burden and unfair competition. First, based on this SME survey, the econometric model is constructed in order to test empirically the validity of Gibrat's Law. Then, in order to identify and measure the impact of current reported business environment barriers on SME growth, the Gibrat's Law is augmented with other business environment variables. The econometric results suggest that firms' growth is negatively linked to firms' size and age, suggesting that Gibrat's Law does not hold for growing SMEs in Kosova. Also, the growth of the SMEs is reduced by the presence of the business environmental barriers such as tax burden, unfair competition and inadequate financing. Econometric results raise important issues and policy implications for the development of the SME sector in Kosova.

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