Analysis of some economic-financial ratios to analyse the financial crisis in five-star hotels in Barcelona and Madrid

IF 1 Q4 MANAGEMENT

Intangible Capital Pub Date : 2019-10-14 DOI:10.3926/ic.1361

Laia Pié, Isaac Bonillo, Judit Barcelo, Laura Fabregat-Aibar

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引用次数: 0

Abstract

Purpose: Analyse some of the financial ratios to see the impact of the economic crisis on 5-star hotels in Spain.Design/methodology/approach: The information needed to write this article was taken from the Iberian Balance Sheet Analysis System (SABI), the Hotel Occupancy Survey published periodically by the National Statistics Institute, the IDESCAT and the official websites of the hotels analysed.Findings and Originality/value: The results obtained show how the financial crisis did not have a direct impact on luxury hotels, but on the contrary, they continue to increase their success thanks to the best continuous strategies. One test is the luxury hotels that were created in Barcelona and Madrid between 2008 and 2011. The work shows that it does not take into account for a hotel chain to have more than one luxury hotel in the same city, since one both of them may end up showing financial losses. It is also found that it is important to determine the number of rooms that the hotel must have in order to avoid construction costs and to have the maximum efficiency.Research limitations/implications: The study has the problem of not updating the SABI database. In some cases, the information has not been updated since 1990.Practical implications: The result that luxury hotels can cover the fixed assets coefficient with their equity. At the same time, it supports the importance of making a better forecast of the number of rooms in order to help them have a better financing.Social implications: It supports the importance of a single luxury hotel in the same hotel chain in the same city and of making good strategic planning in order to improve the results of financial ratios.Originality/value: The article helps explain how the tourist model in Spain has changed since the beginning of the financial crisis.

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分析一些经济-金融比率，分析巴塞罗那和马德里五星级酒店的财务危机

目的:分析一些财务比率，以了解经济危机对西班牙五星级酒店的影响。设计/方法/方法:撰写本文所需的信息来自伊比利亚资产负债表分析系统(SABI)、国家统计局定期发布的酒店入住率调查、IDESCAT和所分析酒店的官方网站。调查结果和独创性/价值:获得的结果表明，金融危机对豪华酒店没有直接影响，相反，由于最佳的持续战略，他们继续增加他们的成功。其中一个测试是2008年至2011年间在巴塞罗那和马德里建立的豪华酒店。这项研究表明，它没有考虑到连锁酒店在同一个城市拥有多家豪华酒店的情况，因为其中一家酒店最终可能会出现财务损失。还发现，确定酒店必须拥有的房间数量以避免建设成本并具有最大效率是很重要的。研究局限/启示:本研究存在未更新SABI数据库的问题。在某些情况下，资料自1990年以来没有增订。实践启示:结果表明豪华酒店可以用其权益覆盖固定资产系数。同时，它支持更好地预测房间数量的重要性，以帮助他们更好地融资。社会影响:它支持了在同一城市的同一连锁酒店中单一豪华酒店的重要性，以及制定良好的战略规划以提高财务比率的结果。原创性/价值:这篇文章有助于解释自从金融危机开始以来，西班牙的旅游模式发生了怎样的变化。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Intangible Capital MANAGEMENT-

CiteScore

1.50

自引率

16.70%

发文量

审稿时长

33 weeks

期刊介绍： The aim of Intangible Capital is to publish theoretical and empirical articles that contribute to contrast, extend and build theories that contribute to advance our understanding of phenomena related with management, and the management of intangibles, in organizations, from the perspectives of strategic management, human resource management, psychology, education, IT, supply chain management and accounting. The scientific research in management is grounded on theories developed from perspectives taken from a diversity of social sciences. Intangible Capital is open to publish articles that, from sociology, psychology, economics and industrial organization contribute to the scientific development of management and organizational science. Intangible Capital publishes scholar articles that contribute to contrast existing theories, or to build new theoretical approaches. The contributions can adopt confirmatory (quantitative) or explanatory (mainly qualitative) methodological approaches. Theoretical essays that enhance the building or extension of theoretical approaches are also welcome. Intangible Capital selects the articles to be published with a double bind, peer review system, following the practices of good scholarly journals. Intangible Capital publishes three regular issues per year following an open access policy. On-line publication allows to reduce publishing costs, and to make more agile the process of reviewing and edition. Intangible Capital defends that open access publishing fosters the advance of scientific knowledge, making it available to everyone. Intangible Capital publishes articles in English, Spanish and Catalan.