Analysis of The Financial Performance of Entities from Tourism Industry
Analysis of The Financial Performance of Entities from Tourism Industry
Author(s): Daniel Dumitru LeonSubject(s): Business Economy / Management, Micro-Economics, Accounting - Business Administration, Tourism, Human Resources in Economy
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: Tourism industry; Turnover; Profit net; Employees; Correlations;
Summary/Abstract: Tourism is currently one of the sectors with the most important growth potential, alongside the IT sector. A healthy tourism sector is beneficial to a country's economy, because it contributes directly to employment, contributes to the creation of added value and, last but not least, helps balancing the balance of payments. Romania is considered to be a country with a huge touristic potential, but unfortunately we do not really know how to value it. In this article I will determine what is the evolution of the financial performances of the entities in the tourism industry. Thus, in order to achieve this study, I will apply a series of performance indicators on 5 companies that are active in the tourism industry, for the time period 2012 - 2016, companies listed on the Bucharest Stock Exchange. I will try to determine the current situation with regard to the financial performance of these entities, as well as the main factors that directly influence these increases.
Journal: SEA – Practical Application of Science
- Issue Year: VI/2018
- Issue No: 17
- Page Range: 151-158
- Page Count: 8
- Language: English