Repository logo
 
Publication

Are hotel companies creditworthy? The case of Portuguese hospitality industry

2020Book part Open access
Simple item page
dc.contributor.authorPãozinho, Ricardo
dc.contributor.authorSantos, Luís Lima
dc.contributor.authorGomes, Conceição
dc.contributor.authorMalheiros, Cátia
dc.date.accessioned2023-06-13T18:26:49Z
dc.date.available2023-06-13T18:26:49Z
dc.date.issued2020
dc.descriptionITC'19: XI International Tourism Congress: The image and sustainability of tourism destinations, Funchal, Portugal, Nov. 5-7, 2019pt_PT
dc.description.abstractThe hospitality industry achieved an important place in modern economies, namely in terms of the contribution to the GDP and for direct and indirect employment. Considering that, this paper aims to highlight the hotel companies’ level of solvency, as a sustainability factor in an extremely competitive sector. The main structure ratios of Portuguese Hotels in the 2010-2017 period will be analyzed; data was collected on July 4, 2019, on the SABI platform and the original sample is composed by 2161 hotel companies registered with two economic activity codes (CAE), “55111 - Hotels with restaurant” and “55121 - Hotels without restaurant”. The structure ratios, also known as debt ratios, highlight the importance of financing sources (resources), as well as the way in which financing is applied (applications). On the other hand, capital raising by companies, whether they are from the hospitality sector or not, should be carried out at the lowest cost in order to maximize their value. For the hotelier, it is essential to have his company balanced in the medium and long term; that is the reason why the investment coverage ratio, the fixed assets coverage ratio, the financial autonomy ratio and the solvency ratio were considered in the analysis. It is expected to obtain results that help hospitality managers understand the importance of the solvency and to guide the management for the financial sustainability in the medium and long term.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationPãozinho, R., Santos, L.L., Gomes, C. & Malheiros, C. (2020). Are hotel companies creditworthy? The case of Portuguese hospitality industry. In S. Teles, P. Almeida, M. Franco, & J.P. Jorge (Eds), XI International Tourism Congress: The image and sustainability of tourism destinations: proceedings book (pp. 267-280). CITURpt_PT
dc.identifier.urihttp://hdl.handle.net/10400.8/8591
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherCITURpt_PT
dc.relationCentro de Investigação Aplicada em Turismo
dc.subjectFinancial sustainabilitypt_PT
dc.subjectSolvencypt_PT
dc.subjectCreditworthypt_PT
dc.subjectHotel companiespt_PT
dc.subjectHospitality industrypt_PT
dc.titleAre hotel companies creditworthy? The case of Portuguese hospitality industrypt_PT
dc.typebook part
dspace.entity.typePublication
oaire.awardTitleCentro de Investigação Aplicada em Turismo
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID%2FGES%2F04470%2F2019/PT
oaire.citation.endPage280pt_PT
oaire.citation.startPage267pt_PT
oaire.fundingStream6817 - DCRRNI ID
person.familyNameLima Santos
person.familyNameGomes
person.familyNameMalheiros
person.givenNameLuís
person.givenNameConceição
person.givenNameCátia
person.identifier1269004
person.identifier.ciencia-id1A1E-830E-DF42
person.identifier.ciencia-idDA19-611B-AFAB
person.identifier.ciencia-id6811-92A0-D316
person.identifier.orcid0000-0002-6652-7601
person.identifier.orcid0000-0001-5715-8384
person.identifier.orcid0000-0002-7674-4036
person.identifier.ridF-4413-2017
person.identifier.scopus-author-id57196741324
project.funder.identifierhttp://doi.org/10.13039/501100001871
project.funder.nameFundação para a Ciência e a Tecnologia
rcaap.rightsopenAccesspt_PT
rcaap.typebookPartpt_PT
relation.isAuthorOfPublication882d100f-c74a-4209-b7ae-cd9d619b3ae7
relation.isAuthorOfPublication4a53901a-3cdd-45ea-a0b1-ab33ae99023e
relation.isAuthorOfPublication6d176709-993a-4327-9a4f-fa0476c53bd6
relation.isAuthorOfPublication.latestForDiscovery6d176709-993a-4327-9a4f-fa0476c53bd6
relation.isProjectOfPublication9e93dd03-4e85-4a87-874a-070da232556d
relation.isProjectOfPublication.latestForDiscovery9e93dd03-4e85-4a87-874a-070da232556d

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Paozinho et al_2019_Are hotel companies creditworthy , The case of Portuguese hospitality industry.pdf
Size:
2.47 MB
Format:
Adobe Portable Document Format
Description:
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.32 KB
Format:
Item-specific license agreed upon to submission
Description:
Download

Collections

CiTUR - Livros (capítulos)
ESTM - Capítulos de livros