Yanolja Publishes '2021 Tourism and Hotel Business Analysis Report'
[Asia Economy Reporter Donghyun Choi] Leisure platform company Yanolja announced on the 14th that it has published the ‘2021 Tourism and Hotel Business Management Analysis Report.’
Previously, Yanolja signed an industry-academic cooperation agreement with Kyung Hee University H&T Analytics Center and has been conducting joint research to explore balanced growth strategies for the platform economy. By combining Yanolja’s big data with the research capabilities of Kyung Hee University H&T Analytics Center, they are promoting collaboration to advance informatization in the industry.
This report is the first joint project between Yanolja and Kyung Hee University H&T Analytics Center. It was planned to build an information infrastructure for the industry and lay the foundation for overcoming the COVID-19 crisis. To this end, data from 68 domestic tourism corporations and 216 hotel companies over the past 10 years were analyzed.
The report presents key financial indicators for each company, including ▲financial ratios ▲causes of return on investment (ROI) fluctuations ▲cash flow ▲leverage ▲operational efficiency. It features an overview that allows for a comprehensive understanding of the profitability, growth, stability, and activity of tourism and hotel companies. Yanolja and Kyung Hee University H&T Analytics Center expect this report to provide objective indicators for establishing effective operational strategies amid a dynamic external environment.
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Baebo-chan Bae, CEO of Yanolja Group Management Division, said, “This report aims to provide objective information to enhance understanding of the industry and improve operational efficiency by building an information infrastructure for the tourism and hotel sectors.” He added, “We plan to continue related research for industry growth and openly share the results, fulfilling our social role as a leading platform company within the industry.”
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