Topical Collection "Feature Papers on Tourism Economics, Finance, and Management"

Editor

Prof. Dr. Colin Michael Hall
E-Mail Website1 Website2
Collection Editor

Topical Collection Information

Dear Colleagues,

This topical collection aims to collect high-impact papers (original research articles or comprehensive review papers) on all aspects of tourism economics, finance, and management. Waivers or discounts on article processing charges (APC) will be granted to high-quality papers submitted to this collection.

We encourage the submission of articles critically discussing the implications of the growth paradigm in tourism; ecological economic approaches to sustainable tourism; supply and value chain studies of tourism; corporate responsibility and CSR; tourism and appropriate development; comparative analyses of sustainable tourism development between countries and destinations; and the economic organization of tourism at micro and macro levels (market structure, role of public/private sectors, community interests, strategic planning, marketing, finance, and economic development). Both orthodox and heterodox economic contributions are welcome.

Prof. Dr. C. Michael Hall
Guest Editor

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All papers will be peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the collection website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1200 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Published Papers (2 papers)

2021

Article
Evaluation of Market with Accommodation Facilities Considering Risk Influence—Case Study Slovakia
J. Risk Financial Manag. 2021, 14(5), 208; https://doi.org/10.3390/jrfm14050208 - 05 May 2021
Viewed by 380
Abstract
Tourism currently contributes significantly to the national economy. When investing in the accommodation facility on the real-estate market, the tourism sector also represents a certain risk due to a high level of seasonality. This paper investigates the risks related to prices, income and [...] Read more.
Tourism currently contributes significantly to the national economy. When investing in the accommodation facility on the real-estate market, the tourism sector also represents a certain risk due to a high level of seasonality. This paper investigates the risks related to prices, income and occupancy of accommodation facilities for selected regions in Slovakia. The value of accommodation facilities is estimated using discounted cash flow, probabilistic distribution of rental prices and occupancy of accommodation facilities in selected Slovak regions. The results provide information for potential and profitable investments in exposed regions in tourism. The information can be used in the field of risk management to avoid or reduce the risk of risk investments. Although the resulting values were calculated only for some selected regions, the proposed procedure can be used for any region and compared with the current values. Full article
Show Figures

Figure 1

Article
Impact Factors on Portuguese Hotels’ Liquidity
J. Risk Financial Manag. 2021, 14(4), 144; https://doi.org/10.3390/jrfm14040144 - 27 Mar 2021
Viewed by 585
Abstract
As a core activity in the tourism sector, hospitality accounts for the largest share of the sector’s revenue. The last few years, prior to the COVID-19 pandemic, have been years of strong growth both in the number of hotel companies and in the [...] Read more.
As a core activity in the tourism sector, hospitality accounts for the largest share of the sector’s revenue. The last few years, prior to the COVID-19 pandemic, have been years of strong growth both in the number of hotel companies and in the number of available rooms. The hospitality industry has also been betting on diversification as well as on the quality of its services. This activity has a strong impact on the various agents in the sector, thus it makes it essential to measure and analyze the sustainability of these hotels. One of the indicators that proficiently measure short-term sustainability is the company’s liquidity level, as it demonstrates its ability to meet short-term financial obligations. This type of indicator is useful since it provides relevant information not only for managers, but also for banks and lenders, and investors. Volatility is a characteristic of hotels which are associated with geographic location, implying changes in the main operating revenue indicators. In this sense, this research aimed to investigate if the ability to reimburse short-term responsibilities differs according to the geographic location, food and beverage service existence, official stars classification, and hotel size. Portuguese hotels with and without restaurants were analyzed in the 2013–2017 period and the number of available rooms and star rating were included in the database. All the information was obtained on SABI (a database of detailed financial information of Portuguese and Spanish companies) and RNET (the Portuguese Register of Tourist Enterprises). Findings show that the behavior of some hotels concerning short-term obligations does not differ much considering the location of the hotels. However, the Algarve and the North region have the highest values. In fact, the official star rating proved to have the greatest influence. The size of the hotels, as well as the existence of restaurants negatively influences liquidity. This information is very important for hotel investors. This study can also provide management information that allows more informed decision-making as well as the definition of corrective measures if necessary. Full article
Show Figures

Figure 1

Back to TopTop