Resumen

LADO-SESTAYO, Rubén  y  VIVEL-BUA, Milagros. The Spanish hotel corporations: Internal and external performance drivers. Contad. Adm [online]. 2019, vol.64, n.1. ISSN 0186-1042.  https://doi.org/10.22201/fca.24488410e.2018.1427.

This paper analyses the performance’s drivers of Spanish hotel groups in a sample of 1,019 hotels affiliated to hotel chains and time horizon is 2005-2011. The results suggest that demand and the market structure significantly affect the hotel performance. This highlights the importance of the management of the tourist destination where the hotels is located. Also, at the hotel level, results also confirm the effect of variables that are representative of the market share, the asset level and the indebtedness. Consequently, both hotel and tourist destination managers are responsible of hotel performance.

Palabras llave : Performance; Hotel group; Spain; Location; Hotel.

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