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Level of Accommodation Enterprises in Using Modern Financing Techniques: A Study on Managers of 4 and 5 Star Hotels Operating in Alanya

Author

Listed:
  • Öncü, Mehmet Akif

    (Duzce University)

  • Çömlekçi, İstemi

    (Duzce University)

  • Mutlu, Çiğdem

    (Akdeniz University)

  • Zengin, Emre

    (Duzce University)

Abstract

The purpose of this study is to determine the levels of use of the modern financing techniques by the managers of accommodation enterprises which have a high-level financing requirement within the tourism industry. Four- and five-star accommodation enterprises which provide services in Alanya were determined to be the population of study. Survey technique was used as the data collection method. As a result of the study, it was found that the accommodation enterprises choose the financial leasing among the modern financing techniques, and the trade banks among the financial institutions. In addition, another result achieved by the study is that the economic expectations of the accommodation enterprises regarding these techniques increase, as their awareness on modern financing techniques is raised.

Suggested Citation

  • Öncü, Mehmet Akif & Çömlekçi, İstemi & Mutlu, Çiğdem & Zengin, Emre, 2015. "Level of Accommodation Enterprises in Using Modern Financing Techniques: A Study on Managers of 4 and 5 Star Hotels Operating in Alanya," Business and Economics Research Journal, Uludag University, Faculty of Economics and Administrative Sciences, vol. 6(3), pages 19-32, July.
    • Handle: RePEc:ris:buecrj:0191
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    More about this item

    Keywords

    Accommodation enterprises; financing techniques; leasing; risk capital; factoring; forfaiting; barter;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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