Results broadly show that tourists use more water than regular citizens do in comparable activities and highlight that recycling systems are the future of water use in major hotels. The chapter is based on an analysis of primary and secondary data relating to the tourism sector in an exploratory and comparative analysis of the tourist hospitality areas of two major cities: Rio de Janeiro (Brazil) and Berlin (Germany). Focusing on one particular resource and considering the use of water in tourism, this chapter seeks to understand the extent to which standards and regulations apply to the sustainable use of water in the hotel industry. Tourism, as one of the most significant economic sectors in the world economy, has complex implications for the sustainable use of natural resources. In the current global context, countries try to align their actions with the objective of better management of natural resources. This is useful as a simple guideline for hotel industry. Apart from that, this research further analyse hotel room tariff for the hotel type that was chosen by tourists using simple linear regression. The result of this analysis showed that tourist chose 2- star hotels and below as their preferred accommodation. These factors were analyse using two methods that are descriptive analysis and multidimensional scalling analysis. Four main factors were chosen as the main factors before choosing a hotel that are price, location, facility and accessibility. In addition, tourists’ behaviours were observed to understand demand of hotel room type because they contribute to the development of hotel industry. The aim of this paper is to analyse the effect of tourism on demand of hotel room type and its tariff. Improvement of sub sectors accommodation (hotel) is often related to the increase of tourists to Malaysia. Tourism industry is one of the major contributors to the national economy and it is closely related to the development of the hotel industry. Performance as conceptualization and operationalization has always been an ambiguous concept in the literature of business administration related to both corporate management and hospitality industry (Claver-Cortes, Molina-Azorin and Pereira-Moliner, 2006). This is established and reflected in the emphasis that a vast amount of international researches and papers in the field of hospitality put over the past few years to performance and its measurement (Kim, Cho and Brymer, 2013 Oliveira, Pedro and Marques, 2013 Ratsimbanierana, Sbai and Stenger, 2013 Sainaghi, Phillps and Corti, 2013 Sourouklis and Tsagdis, 2013 Li, Sanders and Frenkel, 2012 Marco, 2012 Rahmana, Dayang-Affizzahb and Edman, 2012 Xiao, O'Neill and Mattila, 2012 Assaf and Barros, 2011 Assaf and Cvelbar, 2011 Chen, 2011 Sozuer, 2011 Wu, Tsai and Zhou, 2011 Fisher, McPhail and Menghetti, 2010 Hsieh and Lin, 2010 Sainaghi, 2010). Consequently, performance and its measurement are key factors to every tourism enterprise's success. Furthermore, our findings reveal that the profitability of Sri Lankan hotels is driven by managerial efficiency, location factors, geographical diversification, and connection to a wider business network. Our findings with regard to the impact of growth in gross domestic product (GDP) on hotel performance are inconclusive. More specifically, growth in the number of tourist arrivals and growth in inflation are found to have a positive and significant impact on corporate hotel performance, while the interest rate has a significantly negative effect. Moreover, the selected macroeconomic factors, together with firm-specific and contextual factors, appear to have a profound impact on hotel performance. The findings suggest that the macroeconomic factors alone can account for a small part of the variance in return on assets and return on equity, and yet that these macroeconomic factors are the key drivers of the overall financial performance. We use data from a sample of 29 listed hotels for 7 years from 2012 to 2018 and employ panel regression to uncover the relationship that exists between these variables. This study evaluates the relative effects of economic growth, industrial expansion, and firm-specific and contextual factors on corporate hotel performance in Sri Lanka.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |