COST ACCOUNTING IN GREEK HOTEL ENTERPRISES: AN EMPIRICAL APPROACH

Odysseas Pavlatos and Ioannis Paggios

MPRA Paper from University Library of Munich, Germany

Abstract: The purpose of this paper is to provide insights of the Greek Hotel Industry practices in the field of Cost Accounting. To this end, a survey was conducted with 85 firms of the Greek hotel sector with the use of questionnaires. Results show that hotel enterprises have a high fixed cost structure and also face a high proportion of indirect costs. The gathered data led us to the conclusion that the majority of the hotels use traditional cost accounting systems. Nevertheless, the adoption rate of an activity based costing (ABC) system is considered rather satisfactory considering the rates that come from surveys conducted in hotel enterprises in other countries. According to the statistical analysis, the factors that mostly affect the managerial decision of hotels in favour of an ABC system include their cost structure and the cost calculation per customers' categories.

Keywords: cost accounting practices; cost accounting systems; cost accounting techniques; activity based costing; hotel enterprises; Greece (search for similar items in EconPapers)
JEL-codes: L83 M1 M4 (search for similar items in EconPapers)
Date: 2007-11
New Economics Papers: this item is included in nep-acc
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published in TOURISMOS: An International Multidisciplinary Journal of Tourism 2.2(2007): pp. 39-59

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