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.

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.

Impact of parent-subsidiary conflict on ERP implementation

2016 ◽  
Vol 29 (1) ◽  
pp. 97-117 ◽  
Author(s):  
Jose V. Gavidia
Keyword(s):  
Theoretical Analysis ◽  
Large Body ◽  
Resource Planning ◽  
Success Factor ◽  
Theoretical Frameworks ◽  
Erp Implementation ◽  
Case Study Methodology ◽  
Content Type ◽  
The Impact

Purpose – In spite of the large body of literature on success factors of enterprise resource planning (ERP) implementation, there is a need to explore its multinational dimension. The purpose of this paper is to explore the impact of the conflict between parent and subsidiary on the process of ERP implementation in a multinational enterprise (MNE). Design/methodology/approach – Using an interpretive case study methodology, this paper analyses the theoretical frameworks of parent-subsidiary conflict and applies them to interpret an in-depth case study and generate a set of managerial prescriptions. Findings – Theoretical analysis and case evidence suggest that managing parent-subsidiary conflict is a critical success factor of ERP implementation in MNEs. Research limitations/implications – This case relates to a diversified multinational group producing a variety of materials through subsidiaries. The data collection includes multiple sources in the company, and strong theoretical development provides a high level of generalizability. The paper shows that managers should consider the impact of conflict from the planning stages of any multinational ERP implementation. Practical implications – A detailed set of practical managerial prescriptions is derived from case and theoretical analysis. These prescriptions provide guidance to multinational managers planning a successful global ERP rollout. Originality/value – Although parent-subsidiary conflict is clearly a major factor in multinational ERP implementations, this topic has never been analysed in detail in the literature. This paper breaks new ground applying grounded theoretical frameworks of parent-subsidiary conflict to an implementation case, and providing managerial guidance for implementation decisions.

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.

scholarly journals The impact of climate change on tourism in Australia – a case study relating to bushfires in Australia in 2019/2020

2020 ◽  
Vol 30 (2) ◽  
pp. 79-107
Author(s):  
Małgorzata Kurleto
Keyword(s):  
Climate Change ◽  
National Parks ◽  
Global Climate Change ◽  
Preliminary Analysis ◽  
Global Climate ◽  
Summer Season ◽  
Tourism Demand ◽  
Negative Impacts ◽  
The Impact

The main purpose of the study is to offer a preliminary analysis of the impact of Australian bush fires on tourism in the summer season of 2019/2020. The article addresses issues related to global climate change, including Australia. The author discusses the causes and effects of recent catastrophic fires in Australia, focusing on their negative impacts for tourism. Another problem raised in the article is how climate change in Australia causes bushfires that destroy the nature and life of this country. The study mainly analyses the effects of climate change on the natural environment, especially on the most attractive tourist areas in Australia, i.e. national parks. The study uses the latest information to show the effects of damage caused by fires in Australia, especially in tourism. The author concludes that there is a direct relationship between climate change resulting from global warming and tourism demand.

scholarly journals The impact of listing on banks’ performance: case study from Saudi Arabia

2020 ◽  
Vol 15 (3) ◽  
pp. 1-9
Author(s):  
Mohammad Alsharif
Keyword(s):  
Saudi Arabia ◽  
Commercial Bank ◽  
Efficient Frontier ◽  
Financial Ratios ◽  
Monitoring Tool ◽  
Frontier Analysis ◽  
Efficiency Measures ◽  
The Impact ◽  
Additional Monitoring

Using quarterly data from 2010 to 2019, this paper investigates the impact of listing status on the performance of the National Commercial Bank (NCB), the largest commercial bank in Saudi Arabia, by applying a combination of financial ratios analysis and efficient frontier analysis with a mix of parametric and non-parametric tests. The overall results show that although the NCB performance is superior compared to their counterparts, this superiority has deteriorated after the bank was listed in 2014. This result was captured by the deterioration in the efficiency measures of NCB, indicating the significance of using the efficient frontier analysis as an additional monitoring tool by the Saudi regulators. The financial ratios analysis also shows that even though the NCB profitability has increased, there is an increase in the bank’s overall risk after being listed. Therefore, Saudi regulators should closely monitor their listed banks as these banks are directed toward high-risk assets.

scholarly journals The Impact of the Business Environment in Developing an Enterprise - Case Study: Furniture Manufacturing Tefik Canga Design

2015 ◽  
Vol 5 (2) ◽  
pp. 93
Author(s):  
MSc. Arbenita Topalli
Keyword(s):  
Historical Data ◽  
Business Environment ◽  
Production Costs ◽  
Market Segment ◽  
Competitive Pressure ◽  
Input Output ◽  
Furniture Manufacturing ◽  
Productivity Increase ◽  
The Impact

The enterprise is an organization that reconciles the workforce, real capital, techniques, information and knowledge to produce and service. The enterprise cannot control or have any impact on the environment that it`s surrounded by, only to adjust to it. Despite that, enterprises can be specialized in a special market segment, yet it will be subject to competitive pressure. Furniture Manufacturing Tefik Canga Design has taken over the use of natural and unnatural resources to promote the development and growth, or to solve financial and operational problems. With this research, we propose a growth model of a manufacturing enterprise in relation to the business environment. Implementation of the case is described and the profitability and productivity performance is analyzed using five years of historical data product. Therefore, by this study is expected to achieve results, that will improve the input-output relationship in order to increase the firm's productivity, increase the value of employees and create opportunities for development in order to cut production costs.

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