Abstract
In recent years, the Romanian accommodation business sector has recorded a dramatic increase in accommodation units, but even under these circumstances it is below half of the average registered by the European Union. The study aims to evaluate whether there is still room for sustainable growth in this regard. For this purpose, the accounting–financial indicators have been assessed for an annual average of 3447 companies reporting every year to the European Union for 18 years, between 1999 and 2016, for all the accommodation units in Romania and the European Union. For data processing and to assess sustainable growth, we have used simple regression and resorted to the distance method and the geometric mean method to analyze competitiveness. The findings show a likelihood of sustainable growth of 20.6% in the development of Romanian accommodation businesses, in the light of the aspects analyzed, correlated to the EU average. Some managerial decision-making suggestions are provided at the end of the paper for accommodation businesses’ sustainable growth, related to accounting–financial issues. For Romanian businesses, sustainable growth is promoted by the low level of staff costs and, to a lesser extent, by the investments made per employed person. For the corporate governance of these companies to recover growth space in terms of sustainability, managerial decisions should be taken to increase sales, profitability, production value and added value.
Highlights
The tourism area in general and the accommodation sector in particular have been listed as showing an accentuated upward trend in Romania in recent years
Between 1999 and 2016, the average number of companies which offered accommodation services in Europe slowly increased by an average of 35%, in Romania, the number of accommodation units increased by 7.31 times
To assess the room for sustainable growth for Romanian accommodation businesses, we have taken into consideration only those variables for which there is a reasonable level of correlation with the evolution of the European Union (EU) average
Summary
The tourism area in general and the accommodation sector in particular have been listed as showing an accentuated upward trend in Romania in recent years. Between 1999 and 2016, the average number of companies which offered accommodation services in Europe slowly increased by an average of 35%, in Romania, the number of accommodation units increased by 7.31 times As shown, the average number of employees in the Romanian accommodation sector declined much faster than the European average, reaching very near to the levels in 2016 In these circumstances, it becomes of interest to conduct research aimed at studying the extent to which there is room for sustainable growth in the case of Romanian accommodation businesses. Given that the increase in the Sustainability 2019, 11, 243; doi:10.3390/su11010243 www.mdpi.com/journal/sustainability
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
