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

Mehmet Akif Öncü, İstemi Çömlekçi, Çiğdem Mutlu and Emre Zengin
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Mehmet Akif Öncü: Duzce University
İstemi Çömlekçi: Duzce University
Çiğdem Mutlu: Akdeniz University
Emre Zengin: Duzce University

Business and Economics Research Journal, 2015, vol. 6, issue 3, 19-32

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.

Keywords: Accommodation enterprises; financing techniques; leasing; risk capital; factoring; forfaiting; barter (search for similar items in EconPapers)
JEL-codes: G22 L83 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ris:buecrj:0191

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