Identifying and Classifying Financial and Economic Indicators Affecting the Performance of the Hotel Industry in Yazd Province (by Structural-interpretive Model)

Faeze Sadat Mirfakhradini (mirfakhr.faeze@yazd.ac.ir), Milad Ebrahimi (ebrahimi.mmilad@gmail.com) and Farzaneh Jandaghi Ardakani (farzaneh.jandaghi.ardakani@gmail.com)
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Faeze Sadat Mirfakhradini: Assistant Professor of Tourism, Faculty of Economics, Management and Accounting, Yazd University
Milad Ebrahimi: Master of Financial Management, Yazd University
Farzaneh Jandaghi Ardakani: PhD student in financial management, Yazd University

Quarterly Journal of Applied Theories of Economics, 2023, vol. 10, issue 4, 141-172

Abstract: As a significant component of the global economy, the tourism industry has seen substantial growth in recent years. Iran, a country with great tourism potential, stands to benefit from this industry in terms of economic development. However, there has been a lack of focus on performance metrics in the hotel sector, which plays a crucial role in the tourism industry. This study aims to identify financial indicators that can improve hotel performance and help managers make informed decisions. Through a structural-interpretive model, this research explores the impact of various economic indicators on the hotel industry in Yazd province, Iran. Data was collected from hotel managers and experts in the field, and indicators were analyzed using the ISM technique. The results highlight the importance of economic indicators, liquidity indicators, debt indexes, risk index, efficiency index, and profitability index in determining hotel performance. It is recommended that hotel managers prioritize economic indicators to ensure overall success and consider further research to enhance financial decision-making in the industry

Keywords: financial indicators; tourism; hospitality; meta composition; structural-interpretive modeling; economic indicators (search for similar items in EconPapers)
JEL-codes: M10 M21 P43 (search for similar items in EconPapers)
Date: 2023
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