Repository logo
 
Publication

Impact factors on Portuguese hotels’ liquidity

2021Journal article Open access
Simple item page
dc.contributor.authorLima Santos, Luís
dc.contributor.authorGomes, Conceição
dc.contributor.authorFerreira, Cátia
dc.contributor.authorLucas, Ana
dc.date.accessioned2021-03-31T13:33:09Z
dc.date.available2021-03-31T13:33:09Z
dc.date.issued2021
dc.description.abstractAs a core activity in the tourism sector, hospitality accounts for the largest share of the sector’s revenue. The last few years, prior to the COVID‐19 pandemic, have been years of strong growth both in the number of hotel companies and in the number of available rooms. The hospitality industry has also been betting on diversification as well as on the quality of its services. This activity has a strong impact on the various agents in the sector, thus it makes it essential to measure and analyze the sustainability of these hotels. One of the indicators that proficiently measure short‐term sustainability is the company’s liquidity level, as it demonstrates its ability to meet short‐term financial obligations. This type of indicator is useful since it provides relevant information not only for managers, but also for banks and lenders, and investors. Volatility is a characteristic of hotels which are associated with geographic location, implying changes in the main operating revenue indicators. In this sense, this research aimed to investigate if the ability to reimburse short‐term responsibilities differs according to the geographic location, food and beverage service existence, official stars classification, and hotel size. Portuguese hotels with and without restaurants were analyzed in the 2013–2017 period and the number of available rooms and star rating were included in the database. All the information was obtained on SABI (a database of detailed financial information of Portuguese and Spanish companies) and RNET (the Portuguese Register of Tourist Enterprises). Findings show that the behavior of some hotels concerning short‐term obligations does not differ much considering the location of the hotels. However, the Algarve and the North region have the highest values. In fact, the official star rating proved to have the greatest influence. The size of the hotels, as well as the existence of restaurants negatively influences liquidity. This information is very important for hotel investors. This study can also provide management information that allows more informed decision‐making as well as the definition of corrective measures if necessary.pt_PT
dc.description.versioninfo:eu-repo/semantics/publishedVersionpt_PT
dc.identifier.citationLima Santos, L., Gomes, C., Malheiros, C., & Lucas, A. (2021). Impact Factors on Portuguese Hotels’ Liquidity. Journal of Risk and Financial Management, 14, Article 144. https://doi.org/10.3390/jrfm14040144pt_PT
dc.identifier.doihttps://doi.org/10.3390/jrfm14040144pt_PT
dc.identifier.issn1911-8074
dc.identifier.urihttp://hdl.handle.net/10400.8/5599
dc.language.isoengpt_PT
dc.peerreviewedyespt_PT
dc.publisherMDPIpt_PT
dc.relationCentre for Tourism Research, Development and Innovation
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/pt_PT
dc.subjectHospitality managementpt_PT
dc.subjectGeographic locationpt_PT
dc.subjectStars ratingpt_PT
dc.subjectHotel dimensionpt_PT
dc.subjectRestaurantspt_PT
dc.subjectLiquiditypt_PT
dc.subjectFinancial ratiospt_PT
dc.subjectPortuguese hotelspt_PT
dc.titleImpact factors on Portuguese hotels’ liquiditypt_PT
dc.typejournal article
dspace.entity.typePublication
oaire.awardTitleCentre for Tourism Research, Development and Innovation
oaire.awardURIinfo:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UIDB%2F04470%2F2020/PT
oaire.citation.titleJournal of Risk and Financial Managementpt_PT
oaire.citation.volume14pt_PT
oaire.fundingStream6817 - DCRRNI ID
person.familyNameLima Santos
person.familyNameGomes
person.familyNameMalheiros
person.familyNameMartins
person.givenNameLuís
person.givenNameConceição
person.givenNameCátia
person.givenNameAna Cristina da Silva Ramos Lucas
person.identifier1269004
person.identifierana.lucas.martins00@gmail.com
person.identifier.ciencia-id1A1E-830E-DF42
person.identifier.ciencia-idDA19-611B-AFAB
person.identifier.ciencia-id6811-92A0-D316
person.identifier.ciencia-idD416-73AE-EECB
person.identifier.orcid0000-0002-6652-7601
person.identifier.orcid0000-0001-5715-8384
person.identifier.orcid0000-0002-7674-4036
person.identifier.orcid0000-0002-9177-7215
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.typearticlept_PT
relation.isAuthorOfPublication882d100f-c74a-4209-b7ae-cd9d619b3ae7
relation.isAuthorOfPublication4a53901a-3cdd-45ea-a0b1-ab33ae99023e
relation.isAuthorOfPublication6d176709-993a-4327-9a4f-fa0476c53bd6
relation.isAuthorOfPublication4dddc578-32e0-4237-bb81-c604291644cb
relation.isAuthorOfPublication.latestForDiscovery882d100f-c74a-4209-b7ae-cd9d619b3ae7
relation.isProjectOfPublication3a88203b-72d3-43e6-b11e-2805fe8b1821
relation.isProjectOfPublication.latestForDiscovery3a88203b-72d3-43e6-b11e-2805fe8b1821

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
jrfm-14-00144.pdf
Size:
455.23 KB
Format:
Adobe Portable Document Format
Description:
Download

Collections

CiTUR - Artigos com peer review
ESTM - Artigos em revistas internacionais