Variability of Income Flows of Tourism Companies during a Nine-Year Period

IF 2.9 2区 数学 Q1 ECONOMICS Journal of Business & Economic Statistics Pub Date : 2023-08-16 DOI:10.58567/jes01020004
Iovino Felicetta
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Abstract

The global financial crisis has affected all countries during the period 2007-2014. Tourist companies, especially in Italy, play a significant role in the economy of a country. The performance of tourism companies, and in particular hotels and travel agencies and tour operators, will be analysed in this paper, relative to the period of the crisis. The aim of this paper is to analyze profitability dynamics of the aforementioned tourist companies, to check whether they have suffered the effects of the global crisis. To this end, data from AIDA database relating to Italian companies in the sector were used. The profitability of these companies has been analyzed using the main profitability ratios, ROI and ROS ratios. An analysis of the trends and ANOVA of these ratios was carried out for the period 2007-2015. In this way, it has been verified whether the global crisis has affected profitability dynamics of hotels and travel agencies and tour operators in Italy. There is a parallelism in the trends of the main operators' indices in the three Italian macro-regions. The best performance is in the South, in a less developed economic context. The crisis has reduced the income indices in the first three years, even if the figure remains positive. Since 2012 there is a clear recovery, especially for hotels; intermediaries, on the other hand, suffer from competition from websites. However, the indices confirm the close relationship between travel agencies, tour operators and hotels. ROI mainly rewards first, while ROS intermediaries.
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九年间旅游公司收入流的变异性
2007年至2014年期间,全球金融危机影响了所有国家。旅游公司,尤其是在意大利,在一个国家的经济中扮演着重要的角色。旅游公司的表现,特别是酒店和旅行社和旅游经营者,将在本文中分析,相对于危机时期。本文的目的是分析上述旅游公司的盈利动态,以检查他们是否遭受了全球危机的影响。为此目的,使用了与该部门的意大利公司有关的AIDA数据库的数据。利用主要盈利能力比率、ROI和ROS比率对这些公司的盈利能力进行了分析。对2007-2015年期间这些比率的趋势和方差分析进行了分析。通过这种方式,可以验证全球危机是否影响了意大利酒店、旅行社和旅游运营商的盈利能力。意大利三个宏观区域的主要运营商指数走势存在平行性。表现最好的是经济欠发达的南方国家。危机降低了前三年的收入指数,尽管该数字仍为正值。自2012年以来出现了明显的复苏,尤其是酒店;另一方面,中介机构遭受来自网站的竞争。然而,这些指数证实了旅行社、旅游经营者和酒店之间的密切关系。ROI主要是先奖励,ROS是中介。
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来源期刊
Journal of Business & Economic Statistics
Journal of Business & Economic Statistics 数学-统计学与概率论
CiteScore
5.00
自引率
6.70%
发文量
98
审稿时长
>12 weeks
期刊介绍: The Journal of Business and Economic Statistics (JBES) publishes a range of articles, primarily applied statistical analyses of microeconomic, macroeconomic, forecasting, business, and finance related topics. More general papers in statistics, econometrics, computation, simulation, or graphics are also appropriate if they are immediately applicable to the journal''s general topics of interest. Articles published in JBES contain significant results, high-quality methodological content, excellent exposition, and usually include a substantive empirical application.
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