The Integral Index as a Means for Determining Financial Stability of a Small Hotel

• Main Authors: Ivchenko Liubov A., Redko Viktoriia Ye.
• Format: Article
• Language: English
• Published: PH "INZHEK" 2017-06-01
• Series: Problemi Ekonomiki
• Subjects: financial stability of a hotel; integral index; qualimetric analysis; regression model
• Online Access: http://www.problecon.com/export_pdf/problems-of-economy-2017-2_0-pages-193_199.pdf
• ISSN: 2222-0712; 2311-1186

The aim of the article is to develop and substantiate a methodology for evaluating the integral index of financial stability of hotels. By analyzing scientific works of foreign and Ukrainian scientists, there studied different methods for evaluating the financial stability of enterprises that take into account factors affecting their economic activities. The advantages of using the integrated approach to evaluating and forecasting the financial condition of small hotels are identified. In the work there offered a method for evaluating the integral index of financial stability of a hotel based on the principles of qualimetry and simple regression analysis. The tree of properties of the integral index includes all coefficients that affect financial stability and are calculated from the financial statements of a hotel, as well as the probability of bankruptcy calculated by four models. It is justified that the combination of the qualimetric and regression analysis allows not only to obtain integral characteristics of the financial stability index of a hotel, but also to make quantitative evaluation of the average speed and direction of its dynamics. Given a sufficient number of statistical observations, the results obtained can be used to determine the interval for evaluating types of financial stability of a hotel and forecasting its integral index.