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Financial position of the tour operators in the Slovak Republic

Jan Derco orcid id ; Technical University of Kosice, Slovakia

Puni tekst: engleski pdf 76 Kb

str. 476-479

preuzimanja: 297



The aim of this research note is to analyse the development of the organised travel market in the Slovak Republic. By way of a case study, an analysis has been made of the revenues of tour operators and travel agencies, the structure of these revenues, the number of clients and days of stay during the period 2000-2016. For the purposes of evaluating the financial situation of tour operators, the medians of financial indicators (Profit margin, Debt to total assets ratio, Cash ratio, Acid test ratio, Current ratio, ROE, Average payment period) for the years 2012-2016 were processed. They demonstrate a positive development of the financial situation of these businesses. Despite the development of new subjects (online travel agencies) and a shift of the market towards direct distribution, no significant decline of tour sales commissions (in case of indirect distribution) has been recorded in relation to tour sales revenues.

Ključne riječi

financial analysis; package tours; travel agencies; tour operators; Slovak Republic

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