Profitability Study Based On The Analysis Of The Hotel Sector's Indebtedness.

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Bibliographic Details
Title:	Profitability Study Based On The Analysis Of The Hotel Sector's Indebtedness.
Authors:	Figueroa Ávila, Mónica Inés¹ monicafigueroa@ufps.edu.co, Contreras Caceres, Maria Esmeralda² mariaesmeraldacc@ufps.edu.co, Davila Perez, Marvin Vladimir³ marvinvladimirdp@ufps.edu.co
Source:	Journal of Language & Linguistics Studies. 2022, Vol. 18 Issue 3, p513-522. 10p.
Subject Terms:	Debt, Financial performance, Profitability, Cost control, Hotels
Geographic Terms:	Venezuela
Abstract:	The hotel sector is a sector that during periods where the contexts of the Colombian-Venezuelan frontier was a very dynamic sector, this research article, pursued the objective of studying the indebtedness index and also to summarize the indicators of efficiency, efficacy, effectiveness and growth, through accounting information and the results of a field work. The research had a descriptive and quantitative methodology, since it describes a phenomenon through the measurement of indicators proposed for the fulfillment of the research objectives. In this research it is found that the hotel sector increased its effectiveness despite the drop in hotel occupancy, supported by the improvement of efficiency in its operating cycle and efficacy in the management of costs and expenses. Situations external to the sector, such as the ongoing crisis with Venezuela, are one of the main factors influencing its financial performance. However, there is optimism in the hotel sector and the climate of confidence for new investments has increased. [ABSTRACT FROM AUTHOR]
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Database:	Education Research Complete

Description
Abstract:	The hotel sector is a sector that during periods where the contexts of the Colombian-Venezuelan frontier was a very dynamic sector, this research article, pursued the objective of studying the indebtedness index and also to summarize the indicators of efficiency, efficacy, effectiveness and growth, through accounting information and the results of a field work. The research had a descriptive and quantitative methodology, since it describes a phenomenon through the measurement of indicators proposed for the fulfillment of the research objectives. In this research it is found that the hotel sector increased its effectiveness despite the drop in hotel occupancy, supported by the improvement of efficiency in its operating cycle and efficacy in the management of costs and expenses. Situations external to the sector, such as the ongoing crisis with Venezuela, are one of the main factors influencing its financial performance. However, there is optimism in the hotel sector and the climate of confidence for new investments has increased. [ABSTRACT FROM AUTHOR]
ISSN:	1305578X