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The Effect of Property Investment and Labor Cost Upon the Management Performance in the Hotel Industry

  • Journal of Tourism Sciences
  • Abbr : JTS
  • 2004, 28(3), pp.9-26
  • Publisher : The Tourism Sciences Society Of Korea
  • Research Area : Social Science > Tourism

Yu, Hee Kyung 1 Kim Su-Jeong 2

1경원대학교
2부천대학교

Accredited

ABSTRACT

Large property investments and huge dependence on labor are said to be two major factors in the hotel industry. Hotel management performance can be affected by these two factors. The purpose of this study was to examine the effect of property investment and labor cost upon the management performance in the hotel industry and to suggest the possible ways to control them. The result showed that labor earning distributing rate influenced the management performance negatively and consistently, but labor costs to total expenses influenced it positively. Therefore, it seemed properly that property investment should be decided carefully and a labor force management system should be designed. Moreover, it proved to be an efficient way to increase the management in the hotel industry.

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