FINANCIAL PERFORMANCE, FINANCIAL POSITION, LIQUIDITY, EARNINGS, AND DEBT IN TOURISM COMPANIES FROM ASIA AND EUROPE

Authors

  • Alin OPREANA Lucian Blaga University of Sibiu
  • Simona VINEREAN Lucian Blaga University of Sibiu
  • Diana MIHAIU Lucian Blaga University of Sibiu
  • Cosmin TILEAGĂ Lucian Blaga University of Sibiu
  • Radu ȘERBAN Lucian Blaga University of Sibiu

DOI:

https://doi.org/10.4316/rdt.38.730

Keywords:

tourism, financial performance, COVID-19, financial position, liquidity, earnings, debt

Abstract

The COVID-19 pandemic highlights the need to provide better understanding of drivers of financial performance in different challenging frameworks, with a key focus on financial position, liquidity, earnings, and debt. This study examines the financial performance of Hotels, Resorts, and Cruise Lines companies in Asia and Europe, using data from 2019 and 2023, with the scope of exploring clusters and longitudinal patterns. Based on two samples of tourism companies from these two regions and 13 financial factors, this research applies factor analysis and a two-step cluster analysis to explore patterns of financial performance. Considering the longitudinal perspective of this research, the study provides novel insights into companies’ financial performance, considering the region of their headquarters and their ability to sustain growth and profitability.

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Published

2024-12-31

Issue

No. 38 (2024)

Section

Articles

License

Revista de Turism: Studii si Cercetari in Turism (RDT) is an open access scholarly journal that allows free access to its content (articles, issues). RDT is available online to the readers without financial, legal, or technical barriers (no publication charges), based on the theory to keep an article's content intact. Authors can use Creative Commons licenses to specify usage rights of articles. Copyright of articles belong to authors.

Licenţa Creative Commons
This work is licensed under a Creative Commons Attribution License 4.0.