Budgeting practices in the Turkish hospitality industry: An exploratory survey in the Antalya region

Uyar A., Bilgin N.

International Journal of Hospitality Management, cilt.30, sa.2, ss.398-408, 2011 (SSCI) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 30 Sayı: 2
  • Basım Tarihi: 2011
  • Doi Numarası: 10.1016/j.ijhm.2010.07.011
  • Dergi Adı: International Journal of Hospitality Management
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus
  • Sayfa Sayıları: ss.398-408
  • Anahtar Kelimeler: Budget, Budgeting, Hospitality industry, Hotels, Turkey
  • Hatay Mustafa Kemal Üniversitesi Adresli: Evet

Özet

The present study aims to explore budgeting practices of Turkish hotels in the Antalya region which is the most prominent tourism center of the country. The results indicate that having a budget committee and budget manual are common for Turkish hotels. Secondly, participative budgeting is advocated within the industry. Furthermore, budget period seems dynamic, because hotels state that they revise budgets and make periodic reporting within the budget period. Profitability and cost control are the primary reasons in budget preparation. Finally, budgets are viewed as one of the primary performance indicators. © 2010 Elsevier Ltd.