The purpose of this paper is to provide insights of the Greek Hotel Industry practices in the field of Cost Accounting. To this end, a survey was conducted with 85 firms of the Greek hotel sector with the use of questionnaires. Results show that hotel enterprises have a high fixed cost structure and also face a high proportion of indirect costs. The gathered data led us to the conclusion that the majority of the hotels use traditional cost accounting systems. Nevertheless, the adoption rate of an activity based costing (ABC) system is considered rather satisfactory considering the rates that come from surveys conducted in hotel enterprises in other countries. According to the statistical analysis, the factors that mostly affect the managerial decision of hotels in favour of an ABC system include their cost structure and the cost calculation per customers' categories.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
6364.
Length: Date of creation: Nov 2007 Date of revision: Publication status: Published in TOURISMOS: An International Multidisciplinary Journal of Tourism 2.2(2007): pp. 39-59 Handle: RePEc:pra:mprapa:6364
Find related papers by JEL classification: M1 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Recreation; Tourism M4 - Business Administration and Business Economics; Marketing; Accounting - - Accounting
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