IDEAS home Printed from https://ideas.repec.org/a/gam/jijfss/v10y2022i4p88-d928004.html
   My bibliography  Save this article

Management Accounting Practices in the Hospitality Industry: The Portuguese Background

Author

Listed:
  • Filipa Campos

    (CiTUR Centre for Tourism Research, Development and Innovation, Polytechnic of Leiria, 2411-901 Leiria, Portugal)

  • Conceição Gomes

    (CiTUR Centre for Tourism Research, Development and Innovation, Polytechnic of Leiria, 2411-901 Leiria, Portugal)

  • Lucília Cardoso

    (CiTUR Centre for Tourism Research, Development and Innovation, Polytechnic of Leiria, 2411-901 Leiria, Portugal)

  • Luís Lima Santos

    (CiTUR Centre for Tourism Research, Development and Innovation, Polytechnic of Leiria, 2411-901 Leiria, Portugal)

Abstract

Background: Despite the increase in tourism revenues, management in the hospitality industry faces constant challenges for profit maximization. In this way, the aim of this study is to analyze management accounting (MA) research applied to the Portuguese hospitality industry, identifying all the practices mentioned by authors studying the same theme in the rest of the world. Methods: fifty-two studies were obtained and used between 2010 and 2021 for data assessment through bibliometric review, which involved both quantitative and qualitative methods of analysis. To achieve the objectives, studies were selected according to the MA practices identified by several authors for the global hospitality industry. Results: the results highlight the importance of increasing research on MA practices in the hospitality industry to empower management and smooth out the differences between their use. Currently, the emphasis is on hotel ratios and indicators, budgeting, and benchmarking. Conclusions: The adoption of MA practices is decisive for the success of hotel companies. This study evidenced the increasing use of some hotel MA practices over the years and made it possible to assess the development of these practices in Portugal, since to date no other author has produced a bibliometric review on this topic.

Suggested Citation

  • Filipa Campos & Conceição Gomes & Lucília Cardoso & Luís Lima Santos, 2022. "Management Accounting Practices in the Hospitality Industry: The Portuguese Background," IJFS, MDPI, vol. 10(4), pages 1-18, September.
    • Handle: RePEc:gam:jijfss:v:10:y:2022:i:4:p:88-:d:928004
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2227-7072/10/4/88/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2227-7072/10/4/88/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Simon Hochrein & Christoph H. Glock, 2012. "Systematic literature reviews in purchasing and supply management research: a tertiary study," International Journal of Integrated Supply Management, Inderscience Enterprises Ltd, vol. 7(4), pages 215-245.
    2. Mu-Hsuan Huang & Chi-Shiou Lin & Dar-Zen Chen, 2011. "Counting methods, country rank changes, and counting inflation in the assessment of national research productivity and impact," Journal of the Association for Information Science & Technology, Association for Information Science & Technology, vol. 62(12), pages 2427-2436, December.
    3. Pavlatos, Odysseas & Paggios, Ioannis, 2007. "Cost Accounting In Greek Hotel Enterprises: An Empirical Approach," MPRA Paper 6364, University Library of Munich, Germany.
    4. Elsa Pedroso & Carlos F. Gomes, 2020. "The effectiveness of management accounting systems in SMEs: a multidimensional measurement approach," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 21(3), pages 497-515, June.
    5. Lucília Cardoso & Rui Silva & Giovana Goretti Feijó de Almeida & Luís Lima Santos, 2020. "A Bibliometric Model to Analyze Country Research Performance: SciVal Topic Prominence Approach in Tourism, Leisure and Hospitality," Sustainability, MDPI, vol. 12(23), pages 1-26, November.
    6. Maria João Cardoso Vieira Machado & Miguel Sampaio Silva, 2021. "Knowledge and utilisation of the uniform system of accounts for the lodging industry: evidence from Portugal," International Journal of Procurement Management, Inderscience Enterprises Ltd, vol. 14(3), pages 400-412.
    7. Paul, Justin & Criado, Alex Rialp, 2020. "The art of writing literature review: What do we know and what do we need to know?," International Business Review, Elsevier, vol. 29(4).
    8. Koseoglu, Mehmet Ali & Rahimi, Roya & Okumus, Fevzi & Liu, Jingyan, 2016. "Bibliometric studies in tourism," Annals of Tourism Research, Elsevier, vol. 61(C), pages 180-198.
    9. Mu‐Hsuan Huang & Chi‐Shiou Lin & Dar‐Zen Chen, 2011. "Counting methods, country rank changes, and counting inflation in the assessment of national research productivity and impact," Journal of the American Society for Information Science and Technology, Association for Information Science & Technology, vol. 62(12), pages 2427-2436, December.
    10. Luís Lima Santos & Conceição Gomes & Cátia Malheiros & Ana Lucas, 2021. "Impact Factors on Portuguese Hotels’ Liquidity," JRFM, MDPI, vol. 14(4), pages 1-18, March.
    11. Odysseas Pavlatos, 2009. "Management accounting practices in the Greek hospitality industry," Managerial Auditing Journal, Emerald Group Publishing, vol. 24(1), pages 81-98, January.
    12. Catarina Rosa Nunes & Maria João Cardoso Vieira Machado, 2020. "Benchmarking in the hotel industry: the use of USALI," International Journal of Process Management and Benchmarking, Inderscience Enterprises Ltd, vol. 10(3), pages 382-396.
    13. Giovana Goretti Feijó de Almeida & Lucília Cardoso, 2022. "Discussions between Place Branding and Territorial Brand in Regional Development—A Classification Model Proposal for a Territorial Brand," Sustainability, MDPI, vol. 14(11), pages 1-24, May.
    14. Hanna Górska-Warsewicz & Olena Kulykovets, 2020. "Hotel Brand Loyalty—A Systematic Literature Review," Sustainability, MDPI, vol. 12(12), pages 1-34, June.
    15. Agapito, Dora, 2020. "The senses in tourism design: A bibliometric review," Annals of Tourism Research, Elsevier, vol. 83(C).
    16. Maria João Cardoso Vieira Machado & Catarina Rosa Nunes, 2020. "Performance evaluation methods in the services sector: empirical study in hotels," International Journal of Services and Operations Management, Inderscience Enterprises Ltd, vol. 37(2), pages 220-240.
    17. Luís Lima Santos & Lucília Cardoso & Noelia Araújo-Vila & Jose A. Fraiz-Brea, 2020. "Sustainability Perceptions in Tourism and Hospitality: A Mixed-Method Bibliometric Approach," Sustainability, MDPI, vol. 12(21), pages 1-18, October.
    Full references (including those not matched with items on IDEAS)

    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. Lucília Cardoso & Arthur Filipe Araújo & Luís Lima Santos & Roland Schegg & Zélia Breda & Carlos Costa, 2021. "Country Performance Analysis of Swiss Tourism, Leisure and Hospitality Management Research," Sustainability, MDPI, vol. 13(4), pages 1-24, February.
    2. Filipa Campos & Luís Lima Santos & Conceição Gomes & Lucília Cardoso, 2022. "Management Accounting Practices in the Hospitality Industry: A Systematic Review and Critical Approach," Tourism and Hospitality, MDPI, vol. 3(1), pages 1-22, February.
    3. Eunice Lopes & Noelia Araújo-Vila & André Riani Costa Perinotto & Lucília Cardoso, 2022. "Tourism and Land Planning in Natural Spaces: Bibliometric Approach to the Structure of Scientific Concepts," Land, MDPI, vol. 11(11), pages 1-19, October.
    4. Sten F Odenwald, 2020. "A citation study of earth science projects in citizen science," PLOS ONE, Public Library of Science, vol. 15(7), pages 1-26, July.
    5. Quan-Hoang Vuong & Huyen Thanh T. Nguyen & Thanh-Hang Pham & Manh-Toan Ho & Minh-Hoang Nguyen, 2021. "Assessing the ideological homogeneity in entrepreneurial finance research by highly cited publications," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-11, December.
    6. Rahman, Mohammad Tariqur & Regenstein, Joe Mac & Kassim, Noor Lide Abu & Haque, Nazmul, 2017. "The need to quantify authors’ relative intellectual contributions in a multi-author paper," Journal of Informetrics, Elsevier, vol. 11(1), pages 275-281.
    7. Félix Moya-Anegón & Vicente P. Guerrero-Bote & Lutz Bornmann & Henk F. Moed, 2013. "The research guarantors of scientific papers and the output counting: a promising new approach," Scientometrics, Springer;Akadémiai Kiadó, vol. 97(2), pages 421-434, November.
    8. Yu, Xiaoyao & Szymanski, Boleslaw K. & Jia, Tao, 2021. "Become a better you: Correlation between the change of research direction and the change of scientific performance," Journal of Informetrics, Elsevier, vol. 15(3).
    9. Feijó Almeida Giovana Goretti & Almeida Paulo, 2024. "Researching destination branding in pandemic crises: A research agenda," European Journal of Tourism, Hospitality and Recreation, Sciendo, vol. 14(1), pages 165-178.
    10. Fairclough, Ruth & Thelwall, Mike, 2015. "National research impact indicators from Mendeley readers," Journal of Informetrics, Elsevier, vol. 9(4), pages 845-859.
    11. Edmilson J. T. Manganote & Peter A. Schulz & Carlos Henrique Brito Cruz, 2016. "Effect of high energy physics large collaborations on higher education institutions citations and rankings," Scientometrics, Springer;Akadémiai Kiadó, vol. 109(2), pages 813-826, November.
    12. Hagen, Nils T., 2014. "Counting and comparing publication output with and without equalizing and inflationary bias," Journal of Informetrics, Elsevier, vol. 8(2), pages 310-317.
    13. Waltman, Ludo, 2016. "A review of the literature on citation impact indicators," Journal of Informetrics, Elsevier, vol. 10(2), pages 365-391.
    14. Zakaria Elkhwesky & Islam Elbayoumi Salem & Michal Varmus & Haywantee Ramkissoon, 2022. "Sustainable practices in hospitality pre and amid COVID‐19 pandemic: Looking back for moving forward post‐COVID‐19," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(5), pages 1426-1448, October.
    15. Sandro Tarkhan-Mouravi, 2020. "Traditional indicators inflate some countries’ scientific impact over 10 times," Scientometrics, Springer;Akadémiai Kiadó, vol. 123(1), pages 337-356, April.
    16. Denis Kosyakov & Andrey Guskov, 2022. "Reasons and consequences of changes in Russian research assessment policies," Scientometrics, Springer;Akadémiai Kiadó, vol. 127(8), pages 4609-4630, August.
    17. Lin, Chi-Shiou & Huang, Mu-Hsuan & Chen, Dar-Zen, 2013. "The influences of counting methods on university rankings based on paper count and citation count," Journal of Informetrics, Elsevier, vol. 7(3), pages 611-621.
    18. Lázaro Florido-Benítez, 2022. "The Safety-Hygiene Air Corridor between UK and Spain Will Coexist with COVID-19," Logistics, MDPI, vol. 6(3), pages 1-22, July.
    19. Hernández-Garrido Rocio & Orts-Cardador Jaime & Perez-Calañas Cinta, 2023. "The Role of Management in Sustainable Tourism: A Bibliometric Analysis Approach," Sustainability, MDPI, vol. 15(12), pages 1-21, June.
    20. Fu, Hui-Zhen & Ho, Yuh-Shan, 2013. "Independent research of China in Science Citation Index Expanded during 1980–2011," Journal of Informetrics, Elsevier, vol. 7(1), pages 210-222.

    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:gam:jijfss:v:10:y:2022:i:4:p:88-:d:928004. 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.