This study investigates the influence of hotel management contract on the performance of super-deluxe hotels in Korea and identifies how the 1996--1997 tourism recessions affected the relationship between management contract and the performance of the hotels. The Mann--Whitney <italic>U</italic> test, stepwise...

The restaurant industry has been facing tough challenges because of the recent economic turmoil. Although different industries face different levels of competition and therefore the likelihood of financial distress can differ for firms in different industries, scant attention has been paid to...

The objectives of this paper are firstly, to provide an optimal hotel bankruptcy prediction approach to minimize the empirical risk of misclassification and secondly, to investigate the functional characteristics of multivariate discriminant analysis, logistic, artificial neural networks (ANNs),...