Does Financial Performance Depend on Hotel Size? Analysis of the Financial Profile of the U.S. Lodging Industry


Autoria(s): Singh, A.J.; Schmidgall, Raymond S.
Data(s)

01/02/2013

Resumo

This research presents a financial profile of the U.S. Lodging Industry based on an analysis of 2,091 financial statements (fiscal year 2011) for individual hotels ranging in asset size of $500 thousand to $250 million. The study analyzes summary results of the financial position and profitability of hotels based on a common size analysis of Balance Sheets and Income Statements. Furthermore, the study analyzes 10 key performance benchmarks as measured by Liquidity, Solvency and Operating Ratios. The results of the study show a divergence in the hotel industry’s financial performance based on the size of the hotel and by upper, median and lower quartiles of the study sample.

Formato

application/pdf

Identificador

http://digitalcommons.fiu.edu/hospitalityreview/vol30/iss2/6

http://digitalcommons.fiu.edu/cgi/viewcontent.cgi?article=1019&context=hospitalityreview

Publicador

FIU Digital Commons

Fonte

Hospitality Review

Palavras-Chave #Balance sheet #Income statement #Liquidity ratios #Solvency ratios #Operating ratios #financial performance #Finance #Finance and Financial Management #Hospitality Administration and Management #Tourism and Travel
Tipo

text