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- Title
Profitability Study Based On The Analysis Of The Hotel Sector's Indebtedness.
- Authors
Figueroa Ávila, Mónica Inés; Contreras Caceres, Maria Esmeralda; Davila Perez, Marvin Vladimir
- Abstract
The hotel sector is a sector that during periods where the contexts of the Colombian-Venezuelan frontier was a very dynamic sector, this research article, pursued the objective of studying the indebtedness index and also to summarize the indicators of efficiency, efficacy, effectiveness and growth, through accounting information and the results of a field work. The research had a descriptive and quantitative methodology, since it describes a phenomenon through the measurement of indicators proposed for the fulfillment of the research objectives. In this research it is found that the hotel sector increased its effectiveness despite the drop in hotel occupancy, supported by the improvement of efficiency in its operating cycle and efficacy in the management of costs and expenses. Situations external to the sector, such as the ongoing crisis with Venezuela, are one of the main factors influencing its financial performance. However, there is optimism in the hotel sector and the climate of confidence for new investments has increased.
- Subjects
VENEZUELA; DEBT; FINANCIAL performance; PROFITABILITY; COST control; HOTELS
- Publication
Journal of Language & Linguistics Studies, 2022, Vol 18, Issue 3, p513
- ISSN
1305-578X
- Publication type
Article