IDEAS home Printed from https://ideas.repec.org/a/aes/amfeco/v37y2014i16p1048.html
   My bibliography  Save this article

Sustainability of the Tourism Industry, Based on Financial Key Performance Indicators

Author

Listed:
  • Adriana Dutescu

    (Bucharest University of Economic Studies)

  • Adriana Florina Popa

    (Bucharest University of Economic Studies)

  • Andreea Gabriela Ponorîca

    (Bucharest University of Economic Studies)

Abstract

Even if there is a real need of a set of key performance indicators for small and medium sized enterprises, this is not yet considered to be satisfied. Our research is focused on two main aspects, each of them individually important for the users of accounting information: the basic indicators specific for analysing operational performance and for decision making and the trend of the key performance indicators in the context of the economic crisis. The starting point of the study is a questionnaire addressed to small and medium sized enterprises activating in the tourism area, especially in the hotel industry. The respondents answered the questions in perfect anonymity by choosing one of the multiple choices for some of them and offering open answers to the others. Our analysis reveals a fair view of the dynamic of the most used key performance indicators in Romanian hotel industry, the limits of their interpretation and usage and the evolution of the financial and economic performance. The declared purpose of the research is to set the bases of a starting point in order to provide solutions for improving the relevance and the usage of these indicators in this domain, in the context of a sustainable business, taking into account the nowadays status of the economy in general and in particular the hotel industry.

Suggested Citation

  • Adriana Dutescu & Adriana Florina Popa & Andreea Gabriela Ponorîca, 2014. "Sustainability of the Tourism Industry, Based on Financial Key Performance Indicators," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 16(Special 8), pages 1048-1048, August.
  • Handle: RePEc:aes:amfeco:v:37:y:2014:i:16:p:1048
    as

    Download full text from publisher

    File URL: http://www.amfiteatrueconomic.ro/temp/Article_1339.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Victoria Dickinson & Gregory A. Sommers, 2012. "Which Competitive Efforts Lead to Future Abnormal Economic Rents? Using Accounting Ratios to Assess Competitive Advantage," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 39(3-4), pages 360-398, April.
    2. Dan-Cristian Dabija & Raluca Babut, 2013. "An approach to sustainable development from tourists` perspective. Empirical evidence in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 15(Special 7), pages 617-633, November.
    3. Adriana Florina Popa & Mihaela Diana Oancea- Negescu & Maria Loredana Popescu, 2012. "Role Of Financial Information In Development Of Expansion And Refurbishment Projects. A Stakeholders Analysis Case," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 6(1), pages 704-713, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sainaghi, Ruggero & Phillips, Paul & Zavarrone, Emma, 2017. "Performance measurement in tourism firms: A content analytical meta-approach," Tourism Management, Elsevier, vol. 59(C), pages 36-56.
    2. Irina Bogdana Pugna & Adriana Duțescu & Oana Georgiana Stănilă, 2019. "Corporate Attitudes towards Big Data and Its Impact on Performance Management: A Qualitative Study," Sustainability, MDPI, vol. 11(3), pages 1-26, January.
    3. Pugna Irina Bogdana & Dutescu Adriana & Stanila Georgiana Oana, 2018. "Performance management in the data-driven oragnisation," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 12(1), pages 816-828, May.
    4. Daniela Artemisa Calu & Madalina Dumitru & Mariana Elena Glavan & Raluca Gina Gu?e, 2016. "(Non)Financial Reporting (A)Symmetries in the Case of Amusement Parks in Europe," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(S10), pages 1015-1015, November.
    5. Peer Jeelani & Shamim Ahmad Shah & Sajad Nabi Dar & Huma Rashid, 2023. "Sustainability constructs of mountain tourism development: the evaluation of stakeholders’ perception using SUS-TAS," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(8), pages 8299-8317, August.
    6. Rezhen Harun & Gabriela O. Chiciudean & Kawan Sirwan & Felix H. Arion & Iulia C. Muresan, 2018. "Attitudes and Perceptions of the Local Community towards Sustainable Tourism Development in Kurdistan Regional Government, Iraq," Sustainability, MDPI, vol. 10(9), pages 1-13, August.
    7. Gabriel Brătucu & Codruța Adina Băltescu & Nicoleta Andreea Neacșu & Dana Boșcor & Ovidiu Mircea Țierean & Anca Madar, 2017. "Approaching the Sustainable Development Practices in Mountain Tourism in the Romanian Carpathians," Sustainability, MDPI, vol. 9(11), pages 1-20, November.
    8. Gergő Thalmeiner & Sándor Gáspár & Ákos Barta & Zoltán Zéman, 2021. "Application of Fuzzy Logic to Evaluate the Economic Impact of COVID-19: Case Study of a Project-Oriented Travel Agency," Sustainability, MDPI, vol. 13(17), pages 1-19, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gheorghe Epuran & Bianca Tescașiu & Alina-Simona Tecău & Ioana-Simona Ivasciuc & Adina-Nicoleta Candrea, 2020. "Permaculture and Downshifting-Sources of Sustainable Tourism Development in Rural Areas," Sustainability, MDPI, vol. 13(1), pages 1-19, December.
    2. Zhe Cheng & Tong Xiao & Chen Chen & Xiong Xiong, 2022. "Evaluation of Scientific Research in Universities Based on the Idea of Education for Sustainable Development," Sustainability, MDPI, vol. 14(4), pages 1-18, February.
    3. Catalin POSTELNICU, & Dan Cristian DABIJA, 2016. "Challenges And Development Prospects For Tourism In Romania," EcoForum, "Stefan cel Mare" University of Suceava, Romania, Faculty of Economics and Public Administration - Economy, Business Administration and Tourism Department., vol. 5(1), pages 1-10, January.
    4. Tarik Hossain, 2020. "Determinants of Profitability: A Study on Manufacturing Companies Listed on the Dhaka Stock Exchange," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 10(12), pages 1496-1508, December.
    5. Gheorghe Epura & Bianca Tesca?iu & Raluca Dania Todor & Karin-Andreea Sasu, 2017. "Responsible Consumption – Source of Competitive Advantages and Solution for Tourist Protection," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(45), pages 447-447, May.
    6. Dan-Cristian Dabija & Brândușa Mariana Bejan & Claudiu Pușcaș, 2020. "A Qualitative Approach to the Sustainable Orientation of Generation Z in Retail: The Case of Romania," JRFM, MDPI, vol. 13(7), pages 1-20, July.
    7. Alexandru Avram & Ana-Cristina Nicolescu & Costin Daniel Avram & Roxana Loredana Dan, 2019. "Financial Communication in the Context of Corporate Social Responsibility Growth," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(52), pages 623-623, August.
    8. Iuliana Pop & Adrian Kanovici & Gratiela Ghic & Madalina Andrei, 2016. "The Economic Effects of the Mega Sport Events on Tourism in the BRICS Countries Case," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 18(S10), pages 960-960, November.
    9. Nicolae Al. Pop & Steluta Todea & Cristina-Veronica Partenie & Cristina Ott, 2020. "Stakeholders’ Perception Regarding Sustainable Universities," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 22(54), pages 330-330, April.
    10. Daniel Adrian Gardan & Ionel Dumitru & Iuliana Petronela Gardan & Irina Elena Andronie & Cristian Uta & Mihai Andronie, 2019. "Integrating the Principles of Green Marketing by Using Big Data. Good Practices," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(50), pages 258-258, February.
    11. Kohls, Tobias & Mager, Ferdinand & Regele, Tobias, 2023. "Competitive advantage and firm, industry, and country effects: An asset pricing perspective," Journal of Economics and Business, Elsevier, vol. 127(C).
    12. Catalina Mitra Crisan & Dan-Cristian Dabija & Vasile Dinu, 2015. "Social Entrepreneurship in Romania: Significance and Models," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 11(2), pages 65-77.
    13. Yoshihiro TOKUGA & Toshitake MIYAUCHI & Tomoaki YAMASHITA, 2019. "Survey on Accounting for Goodwill," Discussion papers e-19-003, Graduate School of Economics , Kyoto University.
    14. Al-Hadi, Ahmed & Taylor, Grantley & Hossain, Mahmud, 2015. "Disaggregation, auditor conservatism and implied cost of equity capital: An international evidence from the GCC," Journal of Multinational Financial Management, Elsevier, vol. 29(C), pages 66-98.
    15. Camelia Grădinaru & Daniel-Rareș Obadă & Ioan-Alexandru Grădinaru & Dan-Cristian Dabija, 2022. "Enhancing Sustainable Cosmetics Brand Purchase: A Comprehensive Approach Based on the SOR Model and the Triple Bottom Line," Sustainability, MDPI, vol. 14(21), pages 1-22, October.
    16. Razvan-Catalin Dobrea & Aurel Marin & Cristina Dima & Madalina-Ioana Moncea, 2023. "The Relationship Between the Tourism Industry and Sustainable Development Goals Word Cloud Analysis," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 25(S17), pages 1131-1131, November.
    17. Cristinel Petrisor Constantin & Ioana Bianca Chitu & Evelina Gradinaru & Lavinia Dovleac & Gabriel Bratucu, 2019. "Approaching the Bioeconomy in Terms of Increasing the Energy Efficiency of Households in Romania," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(50), pages 1-90, February.
    18. Bianca Tescașiu & Gheorghe Epuran & Alina Simona Tecău & Ioana Bianca Chițu & Janez Mekinc, 2018. "Innovative Forms of Economy and Sustainable Urban Development—Sharing Tourism," Sustainability, MDPI, vol. 10(11), pages 1-18, October.
    19. Delia Popescu & Monica Maria Coros & Iuliana Pop & Cristina Bolog, 2022. "The Green Deal – Dynamizer of Digitalization in Tourism: The Case of Cluj-Napoca Smart City," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 24(59), pages 110-110.
    20. Dan-Cristian Dabija & Brandusa Mariana Bejan, 2018. "Green DIY store choice among socially responsible consumer generations," International Journal of Corporate Social Responsibility, Springer, vol. 3(1), pages 1-12, December.

    More about this item

    Keywords

    key performance indicators (KPIs); hotel industry; sustainability; sustainable;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aes:amfeco:v:37:y:2014:i:16:p:1048. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valentin Dumitru (email available below). General contact details of provider: https://edirc.repec.org/data/aseeero.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.