The Effects of the Global Financial Crisis on the Performance of Italian Bed and Breakfasts: a Ten-year Quantitative Analysis from the Financial reports*

Authors

Keywords:

Bed and breakfast, Tourism in Italy, Financial statement analysis

Abstract

Italy is a sought-after tourist destination and unique all over the world for its many attractions. The economic crisis of 2008 has changed the tourist offers that accommodation facilities have made with a reduced average size. These include bed and breakfasts (B&B), which operate in compliance with specific regulations. This study is dedicated to them.

The study analyzes the economic and financial dynamics investigated; it analyzes the ten-year trend of financial statement values and indices of a significant sample of larger companies. This study contains some figures, including the constant growth of product value in structures where few people are engaged, although they are the largest in the Italian market. The trend in profitability is growing; it is stimulated by the monetary policies curbing the growth in interest rates, a good relationship between sources and uses, even if the sector remains too indebted and therefore in need of capitalization. Capitalization may be generated by self-financing from the established increase in profitability.

Author Biographies

Guido Migliaccio, University of Sannio

Department of Law, Economics, Management and Quantitative MethodsAssociate Professor of Bussiness Administration and Accounting

Luigi Tucci, Chartered accountant - Independent Researcher

Chartered accountant - Independent Researcher

Contrada Tignano n. 30 - Apice (82.021) (Bn) - Italy

Biagio Simonetti, University of Sannio

Department of Law, Economics, Management and Quantitative MethodsAssociate Professor of Bussiness Administration and Accounting

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Published

2021-04-19

How to Cite

Migliaccio, G., Tucci, L. and Simonetti, B. (2021) “The Effects of the Global Financial Crisis on the Performance of Italian Bed and Breakfasts: a Ten-year Quantitative Analysis from the Financial reports*”, e-Review of Tourism Research, 18(4), pp. 611–646. Available at: https://ertr-ojs-tamu.tdl.org/ertr/index.php/ertr/article/view/380 (Accessed: 20October2021).

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Articles