Differences in financial performance between various categories of hotels in the Visegrad Group countries

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F20%3A63524978" target="_blank" >RIV/70883521:28120/20:63524978 - isvavai.cz</a>

Result on the web

<a href="https://www.jois.eu/?617,en_differences-in-financial-performance-between-various-categories-of-hotels-in-the-visegrad-group-countries" target="_blank" >https://www.jois.eu/?617,en_differences-in-financial-performance-between-various-categories-of-hotels-in-the-visegrad-group-countries</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.14254/2071-8330.2020/13-2/19" target="_blank" >10.14254/2071-8330.2020/13-2/19</a>

Result language

angličtina

Original language name

Differences in financial performance between various categories of hotels in the Visegrad Group countries

Original language description

Under market economy, financial health of businesses is one of the main determinants in achieving business objectives and building a competitive advantage. The objective of the study is to evaluate differences in the selected financial indicators across the categories of hotels in the Visegrad Group countries. This objective was achieved by testing these differences in the selected financial indicators (CF, EVA, ROE, ROCE, ROA, ROS and many others) for various hotel categories (two- to five-star hotels). Hotel category data (stars) were collected from Booking.com, financial outcomes were obtained directly from the financial statements of the analysed hotels. Testing of differences was carried out by non-parametric tests (Kruskal-Wallis test, Wilcoxon test). Statistically significant differences were found in CF, EVA, ROS, Profit margin, EBITDA margin, EBIT margin, Solvency ratio Asset, Turnover time, Current Liabilities Turnover. The outputs of the analyses reveal that hotels of a higher category show better financial outputs. Therefore, in order to increase their financial performance, lower category hotels should be inspired and focused on the activities of higher category hotels. The study points to the fact that the variable of hotel category should be taken into account in any analytical processes focused on the financial health of hotels.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

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Continuities

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Publication year

2020

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of International Studies

ISSN

2071-8330

e-ISSN

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Volume of the periodical

13

Issue of the periodical within the volume

2

Country of publishing house

PL - POLAND

Number of pages

12

Pages from-to

279-290

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85090734500