Type of Submission
This study examines the performance of commercial hotel and casino hotel companies by employing both cash flow ratios and traditional financial ratios over the past five years. Using thefinancial database from the hotel and motel section of the Mergent Online with SIC 701 1, independent sample t-tests were used for the analysis. The performance of the commercial hotel and casino hotel companies was measured using liquidity, solvency, and operational efficiency indicators. Results show that traditional ratios generated different results from cash flow ratios in liquidity. Casino hotel companies were found to have significantly higher liquidity ratios than commercial hotel companies, indicating a possibility that the difference may be caused by the type of hotel.
Ryu, Kisang and Jang, Shawn
"Performance Measurement Through Cash Flow Ratios and Traditional Ratios: A Comparison of Commercial and Casino Hotel Companies,"
Journal of Hospitality Financial Management:
1, Article 3.
Available at: http://scholarworks.umass.edu/jhfm/vol12/iss1/3