Performance evaluation of hotel enterprises in Crete: a multi-criteria approach

This item is provided by the institution :
Technical University of Crete

Repository :
Institutional Repository Technical University of Crete

see the original item page
in the repository's web site and access all digital files if the item^*

Title

Performance evaluation of hotel enterprises in Crete: a multi-criteria approach (EN)

Creator

Ζοπουνιδης Κωνσταντινος (EL)

Karantonis Iraklis (EN)

Baourakis, George (EN)

Zopounidis Konstantinos (EN)

Contributor

Πολυτεχνείο Κρήτης (EL)

Technical University of Crete (EN)

Description

The main purpose of this chapter is to evaluate the financial performance of hotel enterprises in Crete from a Multiple-Criteria Decision Making (MCDM) perspective. Crete is one of the most developed tourist destinations in the Mediterranean basin and the hotel sector plays a major role constituting the main driving power towards economic growth. In this study, the multi-criteria method PROMETHEE II, based on outranking relations, will be implemented based on five different criteria. The original financial data are obtained through financial statements for the recession period 2008-2012. According to the availability of data, the sample consists of 194 hotel companies. The present study provides valuable insights for a number of stakeholders in such a dynamic competitive sector. (EN)

Type

bookChapter