Publicação
The impact of hotel operational factors and crises on corporate debt
| datacite.subject.fos | Humanidades::Outras Humanidades | |
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | |
| datacite.subject.fos | Ciências Sociais::Geografia Económica e Social | |
| datacite.subject.sdg | 08:Trabalho Digno e Crescimento Económico | |
| datacite.subject.sdg | 09:Indústria, Inovação e Infraestruturas | |
| dc.contributor.author | Pereira, Rita | |
| dc.contributor.author | Alves, Jorge | |
| dc.contributor.author | Moutinho, Nuno | |
| dc.date.accessioned | 2026-03-17T14:33:20Z | |
| dc.date.available | 2026-03-17T14:33:20Z | |
| dc.date.issued | 2026 | |
| dc.description.abstract | Tourism is an important sector for the development and economic growth of a country and the work and dynamism of hotels in this context is fundamental. Therefore, companies may take on debt to enable greater investment, which can enhance the quality of their operational activities in the hotels they manage. Bearing this in mind, this study seeks to identify the operational factors – specifically hotel characteristics - that affect the debt of Portuguese hotel companies, also during periods of crisis. Based on a sample of 9842 observations from 1191 hotel companies between the years 2005 to 2020, both descriptive and inferential analysis were conducted using the ordinary least squares method. The results show that a hotel’s debt is positively influenced by its star rating but negatively affected by its ownership. For younger companies, the relationship with debt is positively influenced by ownership and negatively impacted by the hotel's brand. The study also concludes that the debt of these companies tends to increase during periods of economic or financial crisis. | por |
| dc.description.abstract | El turismo es un sector importante para el desarrollo y el crecimiento económico de un país y el trabajo y el dinamismo de los hoteles en este contexto es fundamental. Por lo tanto, el endeudamiento de las empresas puede permitir mayores inversiones y apalancar una mayor calidad de la actividad operativa de los hoteles que explotan. Teniendo esto en cuenta, el objetivo de este estudio es identificar los factores operativos -características de los hoteles- que afectan al endeudamiento de las empresas hoteleras portuguesas, incluidos los periodos de crisis. A partir de una muestra de 9842 observaciones, correspondientes a 1191 empresas hoteleras, para el período de 2005 a 2020, se realizó un análisis descriptivo e inferencial por el método de mínimos cuadrados. Los resultados muestran que la deuda está influida positivamente por la clasificación por estrellas y negativamente por la propiedad. En el caso de las empresas más jóvenes, la deuda se ve influida positivamente por la propiedad y negativamente por la marca del hotel. El estudio también concluye que la deuda de estas empresas tiende a aumentar en periodos de crisis económica y/o financiera. | spa |
| dc.description.sponsorship | This work was supported by national funds through FCT/MCTES (PIDDAC): UID/04752, Applied Management Research Unit (UNIAG). | |
| dc.identifier.citation | Pereira, Rita; Alves, Jorge; Moutinho, Nuno (2026). The impact of hotel operational factors and crises on corporate debt. Investigaciones Turisticas. ISSN 2174-5609. 31, p. 122-145. DOI: 10.14198/inturi.29100 | |
| dc.identifier.doi | 10.14198/inturi.29100 | |
| dc.identifier.issn | 2174-5609 | |
| dc.identifier.uri | http://hdl.handle.net/10198/36100 | |
| dc.language.iso | spa | |
| dc.peerreviewed | yes | |
| dc.publisher | Universidad de Alicante Servicio de Publicaciones | |
| dc.relation | Unidade de Investigação Aplicada em Gestão | |
| dc.relation.ispartof | Investigaciones Turísticas | |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc/4.0/ | |
| dc.subject | Companies indebtedness | |
| dc.subject | Hospitality | |
| dc.subject | Hotel characteristics | |
| dc.subject | Periods of recession | |
| dc.title | The impact of hotel operational factors and crises on corporate debt | eng |
| dc.title.alternative | El impacto de los factores operativos de los hoteles y las crisis en la deuda de las empresas | spa |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.awardNumber | UID/GES/04752/2019 | |
| oaire.awardTitle | Unidade de Investigação Aplicada em Gestão | |
| oaire.awardURI | info:eu-repo/grantAgreement/FCT/6817 - DCRRNI ID/UID%2FGES%2F04752%2F2019/PT | |
| oaire.citation.issue | 31 | |
| oaire.citation.title | Investigaciones Turísticas | |
| oaire.fundingStream | 6817 - DCRRNI ID | |
| oaire.version | http://purl.org/coar/version/c_970fb48d4fbd8a85 | |
| person.familyName | Alves | |
| person.familyName | Moutinho | |
| person.givenName | Jorge | |
| person.givenName | Nuno | |
| person.identifier.ciencia-id | 2718-FF3E-8B6B | |
| person.identifier.orcid | 0000-0002-5168-8795 | |
| person.identifier.orcid | 0000-0002-1792-4811 | |
| person.identifier.rid | W-4214-2017 | |
| person.identifier.scopus-author-id | 57197042752 | |
| project.funder.identifier | http://doi.org/10.13039/501100001871 | |
| project.funder.name | Fundação para a Ciência e a Tecnologia | |
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