Crisis and survival strategy in the Spanish hospitality industry: An approach through financial statements
Autor(a) principal: | |
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Data de Publicação: | 2016 |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://doi.org/10.18089/ |
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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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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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 Algarve, Campus da Penha, 8005-139 Faro, Portugal2016-07-31info:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://doi.org/10.18089/https://doi.org/10.18089/Revista 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, Remedios2024-07-31T04:20:08Zoai:ojs.pkp.sfu.ca:article/898Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-07-31T04:20:08Repositório 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 |
2016 |
dc.date.none.fl_str_mv |
2016-07-31 |
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://doi.org/10.18089/ https://doi.org/10.18089/ |
url |
https://doi.org/10.18089/ |
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, Campus da Penha, 8005-139 Faro, Portugal |
publisher.none.fl_str_mv |
University of Algarve, Campus da Penha, 8005-139 Faro, Portugal |
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 |
repository.mail.fl_str_mv |
mluisa.alvim@gmail.com |
_version_ |
1817543047066419200 |