Pavone, P., Migliaccio, G., & Simonetti, B. (2020). Performance of Italian Hotel Companies in the Digital Economy: Application of Anova Method. New frontiers in the tourism and hospitality industry: digital, social and economic transformations, 3, 90-107.
Abstract This paper offers a study of the economic and financial performance of a sample of hotel companies in the three geographical macro-areas that characterize Italy. Results show that the economic crisis reduced profitability. Than, Italian hotels have a modest capitalization. The values of the current ratio are satisfactory. The profitability indicators record similar trends in the three areas, while financial independence index, current ratio and coverage index show significantly different values. In the digital era, the Italian hotel industry has all the potential to restructure. However, high and growing profitability must favor adequate self-financing processes to improve the capital structure.