Operations budgeting practices of lodging firms in the United states and Scandinavia

Schmidgall, Raymond S.; Borchgrevink, Carl P.; Zahl-Begnum, Odd Harald

doi:10.1016/0278-4319(96)00008-4

Cited by 30 publications

(93 citation statements)

References 3 publications

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“…Among the type of indicator used, Schmidgall, Borchgrevink & Zahl-Begnum (1996) found that 58.5% and 52.5% of the hotels in Scandinavia and the United States set a financial goal. In Scandinavian hotel companies, the most important financial goal is net income for 51.5% of the hotels, the return on owner's equity for 15.5%, the cash flow for 6.1%, and some other financial objective for 27.2%.…”

Section: Planning and Budget Preparationmentioning

confidence: 99%

“…The results of the study by Uyar & Bilgin (2011) showed that 87% have a budget committee. The coordinator responsible for the preparation of the budget in the United States, according to Schmidgall, Borchgrevink & Zahl-Begnum (1996), is the controller in 67.8%, the general manager in 26.4%, assistant manager in 12.5% and others in 3.3% of cases. Now in Scandinavia, the main responsible is the general manager in 57.4% of the hotels, the controller in 33.3%, assistant manager in 1.9% and others in 7.4%.…”

Section: Planning and Budget Preparationmentioning

confidence: 99%

“…In the study by Schmidgall, Borchgrevink & Zahl-Begnum (1996), approximately 91% of American hotels and 88.7% Scandinavian hotels use information from their operating history to project the sales estimates. For U.S. hotels, the most common factor is the local and regional economic indicators, used by 73.6%, while only 49.1% of Scandinavian hotels use this factor to forecast sales.…”

Section: Planning and Budget Preparationmentioning

confidence: 99%

“…Just over 70% of U.S. hotels are reviewing their budgets compared to 44% in Scandinavia Borchgrevink & Zahl-Begnum, 1996). The review process begins in less than three months into the fiscal year in nearly 62% of U.S. hotels and a third of Scandinavia.…”

Section: Planning and Budget Preparationmentioning

confidence: 99%

“…In this sense, in order to achieve the goal of exploring the budgeting practices in the hotel industry of the main tourist centers of Brazil, the questionnaire was based on several previous studies in the United States (Schmidgall & DeFranco, 1998;Steed & Gu, 2009) , the United States and Scandinavia Borchgrevink & Zahl-Begnum, 1996), the United Kingdom and the United States (Jones, 1998;Jones, 2008a, b), Australia (Subramaniam;McManus & Mia, 2002;Winata & Mia, 2005) China (Yuen, 2006), Greece (Pavlatos & Paggios, 2009) and Turkey (Uyar & Bilgin, 2011).…”

Section: Introductionmentioning

confidence: 99%

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Budgeting practices: a study on Brazilian hotel companies

Souza

Lunkes

2015

RBTUR

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Resumo: O presente estudo tem como objetivo explorar as práticas orçamentárias em empresas hoteleiras dos principais centros turísticos do Brasil. A justificativa se orienta na quantidade de turistas estrangeiros recebidos pelos dez principais destinos turísticos brasileiros, que atinge 95% do país. Outra motivação é a carência de pesquisas em empresas hoteleiras nos países em desenvolvimento, devendo ser considerado também que o Brasil sediará a Copa do Mundo em 2014 e os Jogos Olímpicos em 2016, o que requer uma estrutura hoteleira adequada para receber um grande número de atletas e turistas. Assim, para atingir o objetivo deste estudo, foram enviados questionários aos hotéis associados à Associação Brasileira da Indústria de Hotéis (ABIH), recebendo retorno de 40 empresas hoteleiras. A estatística descritiva foi aplicada sobre os resultados, com a finalidade de melhorar a base das discussões. Os resultados apontam que a maioria dos hotéis adota o orçamento empresarial, tendo o bottom-up como processo orça-mentário predominante. A pesquisa mostra que os orçamentos são elaborados, com maior frequência, utilizando-se os resultados de anos anteriores e indicadores econômicos. Na avaliação de desempenho, são frequentemente aplicadas a análise comparativa, a análise das causas dos desvios e as medidas de adequação. A análise das variações estão principalmente direcionadas para o controle dos custos/despesas, a identificação de problemas potenciais e o fornecimento de feedback para o próximo período. Palavras-chave:Orçamento. Planejamento. Execução. Controle. Hotel. Abstract:This study aims to explore the budgeting practices in the hotel companies of Brazil's main tourist centers. The justification is oriented by the number of foreign tourists received by the top ten Brazilian tourist destinations, which reaches 95% of the country. Another motivation is the lack of research on hotel companies in developing countries, and it should also be considered that Brazil will host the World Cup in 2014 and the Olympic Games in 2016, which requires a suitable hotel structure to receive a large number of athletes and tourists. Thus, in order to achieve the purpose of this study, surveys were sent to the hotels associated with the Brazilian Association of the Hotel Industry (ABIH), with replies by 40 hotel companies. Descriptive statistics were applied to the results, in order to improve the basis for discussions. The results indicate that most of the hotels adopt corporate budgeting with bottom-up as main budgeting process. Research shows that budgets are developed, more frequently, using the results from previous years and economic indicators. In the performance evaluation, the comparative analysis, the analysis of the causes of deviations and adequacy measures are often applied. The analysis of variance is primarily directed at controlling costs/expenses, identifying potential problems and providing feedback for the next period. Keywords

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Section: Planning and Budget Preparationmentioning

confidence: 99%

Section: Planning and Budget Preparationmentioning

confidence: 99%

Section: Planning and Budget Preparationmentioning

confidence: 99%

Section: Planning and Budget Preparationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Budgeting practices: a study on Brazilian hotel companies

Souza

Lunkes

2015

RBTUR

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Integrating hotel environmental strategies with management control: a structuration approach

Chung

Parker

2006

Bus Strat Env

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This study addresses the development of environmental strategies and associated management control in the international hotel industry, a sector of major economic and environmental impact hitherto largely neglected in the environmental management and accountability literature. The low key level of commitment to environmental management currently exhibited by the industry is considered in the context of dominant systems of hotel management performance evaluation and control, as well as the industry's current strategic management and budgetary practices. Informed by Giddens' structuration theory, the study offers a new theoretical framework, environmentally efficient resourcing, as a structured approach to the development of hotel environmental strategy and its management.

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Der Einfluss verzerrter Selbsteinschätzung auf die Qualität von Prognosen

Robert

Hendriks

2015

Entscheidungstheorie Und –Praxis

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Operations budgeting practices of lodging firms in the United states and Scandinavia

Cited by 30 publications

References 3 publications

Budgeting practices: a study on Brazilian hotel companies

Budgeting practices: a study on Brazilian hotel companies

Integrating hotel environmental strategies with management control: a structuration approach

Der Einfluss verzerrter Selbsteinschätzung auf die Qualität von Prognosen

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