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The tourism distribution in Portugal and Spain: An approach to its performance evaluation

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dc.contributor.authorOliveira, Fernanda
dc.contributor.authorGomes, Conceição
dc.date.accessioned2023-06-09T18:45:11Z
dc.date.available2023-06-09T18:45:11Z
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.abstractThis study aims to strengthen knowledge about the tourism distribution system, using the calculation and analysis of indicators and financial ratios, as part of this sector companies’ performance evaluation. In this case, return on equity (ROE) was used as this ratio measures how effectively management is using shareholders’ investment to create profits. Using the Dupont model, the main objective is to identify which financial factors influence travel company’s ROE from the shareholder viewpoint (Lopes et al., 2014; Pratt, 2011, Rodrigues and Simões, 2008). To this end, an Iberian study involving 7528 travel companies (travel agencies, tour operators and other reservation services and related activities) was conducted. The ROE was calculated for the years 2007 and 2017 for 2065 Portuguese companies and 5463 Spanish. The ROE calculation in those two years identifies an increase of 5 p.p. for Portugal and 11 p.p. for Spain. In Spain, the Tour Operators sub-sector is the one with the highest ROE increase in 2017 (15p.p. between 2007 and 2017), while in Portugal it is the Travel Agencies subsector (5p.p.). This increase in ROE in 2017 is positively determined by net income after taxes and earnings before taxes and interest (EBIT) in both countries. Moreover, in Spain, this ratio also has a positive influence of turnover and headcount. Thus, Portugal and Spain reveal two different realities in this highly competitiveness sector. What lessons can be drawn from these two countries reality? What should managers do to be proactive regarding the issues which influence performance evaluation?pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationOliveira, F., & Gomes, C. (2020). The tourism distribution in Portugal and Spain: An approach to its performance evaluation. 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. 161-173). CITURpt_PT
dc.identifier.urihttp://hdl.handle.net/10400.8/8578
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherCITURpt_PT
dc.subjectReturn on equity (ROE)pt_PT
dc.subjectPerformance evaluationpt_PT
dc.subjectTravel agencies and tour operatorspt_PT
dc.titleThe tourism distribution in Portugal and Spain: An approach to its performance evaluationpt_PT
dc.typebook part
dspace.entity.typePublication
oaire.citation.endPage173pt_PT
oaire.citation.startPage161pt_PT
person.familyNameOliveira
person.familyNameGomes
person.givenNameFernanda Maria
person.givenNameConceição
person.identifier.ciencia-idDA19-611B-AFAB
person.identifier.orcid0000-0001-6936-6770
person.identifier.orcid0000-0001-5715-8384
rcaap.rightsopenAccesspt_PT
rcaap.typebookPartpt_PT
relation.isAuthorOfPublicationda33041d-da47-41b7-bde3-bc122df01dc6
relation.isAuthorOfPublication4a53901a-3cdd-45ea-a0b1-ab33ae99023e
relation.isAuthorOfPublication.latestForDiscovery4a53901a-3cdd-45ea-a0b1-ab33ae99023e

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