Assessing the Sustainable Room for Growth for a Particular Romanian Tourism Area of Business: The Case of Accommodation Businesses

Abstract

In recent years, the Romanian accommodation business sector has recorded a dramatic increase in accommodation units, but even under these circumstances it is below half of the average registered by the European Union. The study aims to evaluate whether there is still room for sustainable growth in this regard. For this purpose, the accounting–financial indicators have been assessed for an annual average of 3447 companies reporting every year to the European Union for 18 years, between 1999 and 2016, for all the accommodation units in Romania and the European Union. For data processing and to assess sustainable growth, we have used simple regression and resorted to the distance method and the geometric mean method to analyze competitiveness. The findings show a likelihood of sustainable growth of 20.6% in the development of Romanian accommodation businesses, in the light of the aspects analyzed, correlated to the EU average. Some managerial decision-making suggestions are provided at the end of the paper for accommodation businesses’ sustainable growth, related to accounting–financial issues. For Romanian businesses, sustainable growth is promoted by the low level of staff costs and, to a lesser extent, by the investments made per employed person. For the corporate governance of these companies to recover growth space in terms of sustainability, managerial decisions should be taken to increase sales, profitability, production value and added value.

Identification of Distorted Official Hospitality Statistics’ and Their Impact on DMOs’ Funding’s Sustainability: Case Notes from Slovakia

“…Based on the results (2), the initial approach was to calculate the annual number of overnight stays' estimation based on RUZ (n_acc_ruz) and RPO (n_acc_rpo) data on the number of accommodation service providers (6). Afterwards, the estimated number of taxable nights based on RUZ (n_nights_ruz) and RPO (n_nights_rpo) data and the ratio of taxable nights (ratio_taxable_nights) calculation was planned (7).…”

“…Estimated number of theoretical number of overnight stays (n_nights_ruz_rpo_susr_tax) = Number ASPs based on the mean of input data (avg_acc_ruz_rpo_susr_tax) × Average number of overnights per ASP for SUSR (avg_night_per_acc_susr) (10) The final estimation of number of overnight stays (n_nigths_est) was calculated (11) as the average of overnights stays extracted from SUSR (Table 2), and the calculated overnight stays from levied occupancy tax (2), RUZ (6), RPO (6), and theoretical number of overnight stays (10). The last step was to determine the number of taxable nights from the final estimated overnight stays as was planned for RUZ and RPO (6), respectively, to calculate the estimated potential occupancy tax revenues (7).…”

“…Kljunickov et al raise awareness regarding the misuse of AirBnB's concept of shared economy by accommodation service providers from the perspective of tax evasions and negative impacts on price of local housing and local hospitality industry [5]. Various recent research studies analyze the sustainability of the hospitality industry; the impact of general and special Value Added Taxes' on the industry at the national level and specific scenarios of tourist's and service providers' attitudes [6][7][8][9]. Surgiu and Surgiu list a number of pros (e.g., additional resources for financing local tourism development; local economic environments' improvement, positive effects on equity) and cons (e.g., inflation costs; distorted economic effects; and, negative change of demand toward local services) of tourism taxation, but also acknowledge that impact analysis of tourism taxation is important in supporting responsible decision making [10].…”

Sustainability of accommodation business in Baler, Northern Philippines

“…ISSN 2345-0282 (online) http://jssidoi.org/jesi/ 2023 Volume 10 Number 3 (March) http://doi.org/10. 9770/jesi.2023.10.3(12) managerial decisions should be made to increase sales, profitability and added value (Berinde & Corpădean, 2019). Research on employees' and guests' sustainable business attitudes and practices demonstrated that employees and guests experienced a great extent of sustainable business attitudes and highly practised sustainability.…”

Sustainability as a Key Factor in Tourism Competitiveness: A Global Analysis

“…Some studies analyzed general factors that affect tourism competitiveness [26][27][28][29], while others assessed the effect of specific factors such as the evolution of tourist inflows [30]; globalization [31]; tourism's contribution to economic growth [32]; corruption [33]; air transportation [34]; the competitiveness of international hotel firms [35]; regional systems of innovation [36] or sustainability, which is the focus of our work [37][38][39][40][41][42][43][44].…”