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Hotels And Oil/Gas Development Booms, Busts, And The Future Of Hotels In Oil/Gas Development Areas, Daniel J. Mount, Timothy W. Kelsey, Kathryn J. Brasier
Hotels And Oil/Gas Development Booms, Busts, And The Future Of Hotels In Oil/Gas Development Areas, Daniel J. Mount, Timothy W. Kelsey, Kathryn J. Brasier
Journal of Hospitality Financial Management
The development of new production methodologies for oil and gas wells has revolutionized energy production in the United States, shifting the country from a net importer to a net exporter of oil and natural gas (United States Energy Information Administration, 2015). The combination of horizontal drilling and hydraulic fracturing has allowed development of previously known but inaccessible energy reserves, spurring intensive energy development in varied locations across the country. With this new development has come a rapid expansion in housing needs for workers. Historically, developments such as this are prone to boom/bust cycles. This paper studies the effect of the …
Financial Health Of Clubs For 2014–2016: A Three-Year Review, Agnes Defranco, Raymond Schmidgall
Financial Health Of Clubs For 2014–2016: A Three-Year Review, Agnes Defranco, Raymond Schmidgall
Journal of Hospitality Financial Management
Financial ratios analysis is a very useful tool for owners and managers to assess the performance of their clubs. This study surveyed the financial performance of clubs over a 3-year period from 2014 to 2016. While 8 of the 24 ratios showed a positive trajectory each year in the last few years and 8 other ratios reported a positive trend from 2015 to 2016, 7 reported a mixed trend, and 1 experienced a downward trend. The results of the top performers (fifth, or top, quintile) and the bottom performers (first, or lowest, quintile) and clubs of different sizes were also …
An Investigation Of Factors Affecting Financial Performance Of Taiwanese International Tourist Hotels, Hwai-Shuh Shieh, Jin-Li Hu, Yen-Chiao Chang
An Investigation Of Factors Affecting Financial Performance Of Taiwanese International Tourist Hotels, Hwai-Shuh Shieh, Jin-Li Hu, Yen-Chiao Chang
Journal of Hospitality Financial Management
This study adopts moving average regression and panel data regression to explore the factors affecting the financial performance of international tourist hotels in Taiwan. First, we use the unit root test to examine the data in moving average regression and in panel data regression and then use the Hausman test to examine whether the fixed-effects or random-effects model is suitable for panel data regression. Second, we employ the Lagrangian multiplier (LM) test to confirm that panel data regression is better. The findings show that domestic visitors, occupancy rate, operation year, and joining a chain system are the four key factors …