ANALYSIS OF THE FINANCIAL PERFORMANCE OF ENTITIES FROM TOURISM INDUSTRY

Daniel Dumitru Leon
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Daniel Dumitru Leon: Alexandru Ioan Cuza University of Iasi; Doctoral School of Economics and Businesss Administration (DSEBA)

SEA - Practical Application of Science, 2018, issue 17, 151-158

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.

Keywords: Tourism industry; Turnover; Profit net; Employees; Correlations (search for similar items in EconPapers)
JEL-codes: C01 L25 M21 M41 Z30 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2018:i:17:p:151-158

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