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https://doi.org/10.1080/1331677X.2019.1642785

Profitability determinants of hotel companies in selected Mediterranean countries

Mira Dimitrić ; Faculty of Economics and Business, University of Rijeka, Rijeka, Croatia
Ivana Tomas Žiković ; Faculty of Economics and Business, University of Rijeka, Rijeka, Croatia
Andrea Arbula Blecich ; Faculty of Economics and Business, University of Rijeka, Rijeka, Croatia

Puni tekst: engleski, pdf (1 MB) str. 1977-1993 preuzimanja: 48* citiraj
APA 6th Edition
Dimitrić, M., Tomas Žiković, I. i Arbula Blecich, A. (2019). Profitability determinants of hotel companies in selected Mediterranean countries. Economic research - Ekonomska istraživanja, 32 (1), 1977-1993. https://doi.org/10.1080/1331677X.2019.1642785
MLA 8th Edition
Dimitrić, Mira, et al. "Profitability determinants of hotel companies in selected Mediterranean countries." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 1977-1993. https://doi.org/10.1080/1331677X.2019.1642785. Citirano 29.03.2020.
Chicago 17th Edition
Dimitrić, Mira, Ivana Tomas Žiković i Andrea Arbula Blecich. "Profitability determinants of hotel companies in selected Mediterranean countries." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 1977-1993. https://doi.org/10.1080/1331677X.2019.1642785
Harvard
Dimitrić, M., Tomas Žiković, I., i Arbula Blecich, A. (2019). 'Profitability determinants of hotel companies in selected Mediterranean countries', Economic research - Ekonomska istraživanja, 32(1), str. 1977-1993. https://doi.org/10.1080/1331677X.2019.1642785
Vancouver
Dimitrić M, Tomas Žiković I, Arbula Blecich A. Profitability determinants of hotel companies in selected Mediterranean countries. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 29.03.2020.];32(1):1977-1993. https://doi.org/10.1080/1331677X.2019.1642785
IEEE
M. Dimitrić, I. Tomas Žiković i A. Arbula Blecich, "Profitability determinants of hotel companies in selected Mediterranean countries", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 1977-1993, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1642785

Sažetak
Tourism is one of the most important industries in the Mediterranean countries, which strongly contributes to the economic activity, capital investment and job creation. Therefore, the purpose of this paper is to examine the determinants influencing profitability of hotel companies in selected Mediterranean countries. Thereby, dynamic panel data models are estimated on an extensive dataset for the period from 2007 to 2015. The paper provides evidence on differences among internal profitability determinants of hotel companies operating in tourism competitive countries. The results indicate that the cash flow to operating revenue has a statistically significant and positive impact on profitability in all observed countries. The total asset turnover ratio is significant for all countries except Portugal, while labour productivity is significant only for Spain, which is also the country with the highest turnover per employee. The solvency ratio is positively related to profitability, except for Greece as the most indebted country. Size proved to be significant for hotels in Spain and Portugal, while age is the variable by which the countries mostly differ, as findings show a different impact of underlying variable on hotel profitability. Findings provide information to shareholders that would ensure profitability of hotel companies operating in different countries.

Ključne riječi
Hotel companies; profitability determinants; dynamic panel data

Hrčak ID: 228875

URI
https://hrcak.srce.hr/228875

Posjeta: 79 *