Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statements

Detalhes bibliográficos
Autor(a) principal: Ramón Dangla, Remedios
Data de Publicação: 2024
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://tmstudies.net/index.php/ectms/article/view/898
Resumo: The aim of this study is to see if the survival strategy of Spanish Hotels on the current crisis has left a mark in their Financial Statements and if the changes have taken place at the same time as the national economy was evolving. To do this, we have obtained a sample of 975 companies from SABI. We have made the financial ratios and applied them a paired t-test measurements. It has rejected the null hypothesis of equal means with a 95% confidence for profitability, solvency and indebtedness ratios: the crisis could have been the reason of lower profitability and debt and higher levels of liquidity, solvency and efficiency. On the other hand, with a regression we have researched the economic variables which can explain better the hotels income evolution: the foreign tourist arrivals are the key for the anti-cyclical behavior of the sector.
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spelling Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statementsLa huella de la crisis y la estrategia de supervivencia en la industria hotelera Española: Una aproximación a través de los estados financierosHospitality industryfinancial statementssolvencyindebtednessprofitabilityeconomic crisis.The aim of this study is to see if the survival strategy of Spanish Hotels on the current crisis has left a mark in their Financial Statements and if the changes have taken place at the same time as the national economy was evolving. To do this, we have obtained a sample of 975 companies from SABI. We have made the financial ratios and applied them a paired t-test measurements. It has rejected the null hypothesis of equal means with a 95% confidence for profitability, solvency and indebtedness ratios: the crisis could have been the reason of lower profitability and debt and higher levels of liquidity, solvency and efficiency. On the other hand, with a regression we have researched the economic variables which can explain better the hotels income evolution: the foreign tourist arrivals are the key for the anti-cyclical behavior of the sector.El objetivo del trabajo es ver si la estrategia de supervivencia de los hoteles españoles a la actual crisis ha dejado huella en sus Estados Financieros y si dichos cambios se han producido al mismo ritmo que evolucionaba la economía nacional. Para ello, se ha obtenido una muestra de 975 empresas de la base SABI, se han elaborado algunos ratios financieros y se les han aplicado una prueba t de mediciones apareadas. Se ha rechazado la hipótesis nula de igualdad de medias con una confianza del 95% para los ratios de rentabilidad, solvencia y endeudamiento: La crisis puede estar en la base de unos valores peores de rentabilidad pero mejores de solvencia, endeudamiento, liquidez y eficiencia. Por otra parte, mediante regresión estadística se han buscado las variables económicas que mejor explican la evolución de los ingresos netos en el conjunto de hoteles: la llegada de turistas extranjeros es la base para el comportamiento anti-cíclico del sector.University of Algarve2024-01-10info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://tmstudies.net/index.php/ectms/article/view/898Revista Encontros Científicos - Tourism & Management Studies; v. 12 n. 2 (2016); 117-126Tourism & Management Studies; Vol. 12 N.º 2 (2016); 117-126Tourism & Management Studies; Vol. 12 No. 2 (2016); 117-126Revista Encontros Científicos - Tourism & Management Studies; Vol. 12 Núm. 2 (2016); 117-1262182-8466reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAPenghttps://tmstudies.net/index.php/ectms/article/view/898https://tmstudies.net/index.php/ectms/article/view/898/pdf_34Copyright (c) 2016 Tourism & Management Studiesinfo:eu-repo/semantics/openAccessRamón Dangla, Remedios2024-01-17T15:29:20Zoai:ojs.pkp.sfu.ca:article/898Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T00:56:25.434331Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statements
La huella de la crisis y la estrategia de supervivencia en la industria hotelera Española: Una aproximación a través de los estados financieros
title Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statements
spellingShingle Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statements
Ramón Dangla, Remedios
Hospitality industry
financial statements
solvency
indebtedness
profitability
economic crisis.
title_short Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statements
title_full Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statements
title_fullStr Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statements
title_full_unstemmed Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statements
title_sort Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statements
author Ramón Dangla, Remedios
author_facet Ramón Dangla, Remedios
author_role author
dc.contributor.author.fl_str_mv Ramón Dangla, Remedios
dc.subject.por.fl_str_mv Hospitality industry
financial statements
solvency
indebtedness
profitability
economic crisis.
topic Hospitality industry
financial statements
solvency
indebtedness
profitability
economic crisis.
description The aim of this study is to see if the survival strategy of Spanish Hotels on the current crisis has left a mark in their Financial Statements and if the changes have taken place at the same time as the national economy was evolving. To do this, we have obtained a sample of 975 companies from SABI. We have made the financial ratios and applied them a paired t-test measurements. It has rejected the null hypothesis of equal means with a 95% confidence for profitability, solvency and indebtedness ratios: the crisis could have been the reason of lower profitability and debt and higher levels of liquidity, solvency and efficiency. On the other hand, with a regression we have researched the economic variables which can explain better the hotels income evolution: the foreign tourist arrivals are the key for the anti-cyclical behavior of the sector.
publishDate 2024
dc.date.none.fl_str_mv 2024-01-10
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://tmstudies.net/index.php/ectms/article/view/898
url https://tmstudies.net/index.php/ectms/article/view/898
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv https://tmstudies.net/index.php/ectms/article/view/898
https://tmstudies.net/index.php/ectms/article/view/898/pdf_34
dc.rights.driver.fl_str_mv Copyright (c) 2016 Tourism & Management Studies
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2016 Tourism & Management Studies
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv University of Algarve
publisher.none.fl_str_mv University of Algarve
dc.source.none.fl_str_mv Revista Encontros Científicos - Tourism & Management Studies; v. 12 n. 2 (2016); 117-126
Tourism & Management Studies; Vol. 12 N.º 2 (2016); 117-126
Tourism & Management Studies; Vol. 12 No. 2 (2016); 117-126
Revista Encontros Científicos - Tourism & Management Studies; Vol. 12 Núm. 2 (2016); 117-126
2182-8466
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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