Cost-based Management and Decision Making in Greek Luxury Hotels

Stella Zounta and Michail G. Bekiaris

MPRA Paper from University Library of Munich, Germany

Abstract: The use of cost accounting systems by hotel businesses is improving the quality of decision making. The development of theories on costing, combined with advances in information technology, has improved the theoretical capabilities of such systems. However, two questions remain largely unanswered: a) whether these theories lead to tangible improvements; and b) what are the variables that drive the success of cost accounting systems. Our research shows that hotel managers need to be convinced about the use and performance benefits of such systems in the decision making process.

Keywords: Cost Accounting; Decision Making; Luxury Hotels; Greece (search for similar items in EconPapers)
JEL-codes: L83 M1 M4 (search for similar items in EconPapers)
Date: 2009-07-04, Revised 2009-08-27
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Published in TOURISMOS: An International Multidisciplinary Journal of Tourism 3.4(2009): pp. 205-225

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:25459

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