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Using Financial Analysis Methods in the Hotel Sector for the Purposes of Planning and Monitoring Case Study Al Zaitonia Hotel

Author

Listed:
  • Omar A. A. Jawabreh

    (Faculty of Tourism and Hotel Management, The University of Jordan, Amman, Jordan)

  • Rami Muneer Mahmoud

    (Faculty of Tourism and Hotel Management, The University of Jordan, Amman, Jordan,)

  • Ehab Alshatnawi

    (Faculty of Tourism and Hotel Management, The University of Jordan, Amman, Jordan,)

  • Emran Al Momani

    (Faculty of Tourism and Hotel Management, The University of Jordan, Amman, Jordan)

Abstract

The study aimed at indicating the most important factors that control the takings and expenses of the hotel and classifying them according to their ability to influence the profitability of the hotel by using the appropriate analytical financial methods for the hotel activity which contribute in increasing the efficiency of planning and monitoring the hotel activity. The study indicated that the average spending power of the single guest and the numbers of guests are the basic factors that form the hotel's revenues, where the spending power of the single guest was the most powerful factor to influence the profitability of the hotel activity. Accommodation represents the most important factor in forming the spending power for the single guest and consequently influences profitability. The study also showed that the changing and fixed costs elements directly affect profitability and control the activity of the hotel sector and they, therefore, need planning, monitoring and following up by those in charge

Suggested Citation

  • Omar A. A. Jawabreh & Rami Muneer Mahmoud & Ehab Alshatnawi & Emran Al Momani, 2017. "Using Financial Analysis Methods in the Hotel Sector for the Purposes of Planning and Monitoring Case Study Al Zaitonia Hotel," International Journal of Economics and Financial Issues, Econjournals, vol. 7(4), pages 162-173.
    • Handle: RePEc:eco:journ1:2017-04-23
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    References listed on IDEAS

    as
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    2. Liana Holanda N. Nobre & John E. Grable & Wesley Vieira da Silva & Claudimar Pereira da Veiga, 2016. "A Cross Cultural Test of Financial Risk Tolerance Attitudes: Brazilian and American Similarities and Differences," International Journal of Economics and Financial Issues, Econjournals, vol. 6(1), pages 314-322.
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    More about this item

    Keywords

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    JEL classification:

    • G00 - Financial Economics - - General - - - General
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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