Please use this identifier to cite or link to this item: https://rda.sliit.lk/handle/123456789/2405
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dc.contributor.authorAlahakoon, A. M. Y. U-
dc.contributor.authorNagendrakumar, N-
dc.contributor.authorMadhavika, W. D. N-
dc.contributor.authorWeerawardhana, K. W. P. T. R-
dc.contributor.authorWishwadeep, D. D. P-
dc.contributor.authorAnushani, D. M. S-
dc.date.accessioned2022-05-19T07:51:57Z-
dc.date.available2022-05-19T07:51:57Z-
dc.date.issued2020-05-24-
dc.identifier.issn0193-4120-
dc.identifier.urihttp://rda.sliit.lk/handle/123456789/2405-
dc.description.abstractThe present studyexplores the sustainability level of the Sri Lankan hotels in the tourism industry.It wasobserved that the return on equity has been decreasing in the hotel companies though there is an increasing trend in the tourist arrivals in Sri Lanka(Weerasinghe et al., 2019). This unanswered problem raises the questionof whether the hotels in the tourism industry are heading towards bankruptcy. This study used secondary data from the annual reports of 34 listed hotels, which are registered in the Colombo Stock Exchange during the last five years (2015-2019). This study applied the Altman’s original Z score model (1968) which is the most accurate and reliable in forecastingthe sustainability of the firms by using ratio analysis method. The finding of the study reveals that 91% of the hotels are in the distress zone, 9% safe zone and none in the gray zone. The present study is significant since it shedsthe light, through the empirical evidence on the scary financial environment, which signals the hotels in the tourism industry in Sri Lanka,about the doubt of going concernen_US
dc.language.isoenen_US
dc.publisherThe Mattingley Publishingen_US
dc.relation.ispartofseriesTEST-Engineering and Management;Vol 83 Issue May-June 2020 Pages 15559 - 15561-
dc.subjectSustainabilityen_US
dc.subjectBankruptcyen_US
dc.subjectltman Z scoreen_US
dc.subjectHotelsen_US
dc.subjectSri Lankaen_US
dc.titleSustainability of Hotels: Evidence from Tourism Industry in Sri Lankaen_US
dc.typeArticleen_US
Appears in Collections:Research Papers
Research Papers - Dept of Information of Management
Research Papers - SLIIT Staff Publications

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