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Financial Performance Analysis of the Hospitality Industry in Saudi Arabia
Almotairi, Waad
Almotairi, Waad
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Abstract
This study examines the performance of the hospitality industry in Saudi Arabia by traditional financial ratios over the past five years by using the financial statements from the Saudi Exchange Tadawul website. The study aims to analyze the financial performance of hospitality companies to explore the development ratio of the hospitality field in Saudi Arabia, included in the Tadawul during the 2018-2022 period. It will examine the financial performance of the hospitality industry by using ROE and ROA affected by the leverage, Liquidity, Size, and GROW. From the results, it was seen that Hospitality companies in Saudi Arabia should focus on improving their net margin and asset turnover to improve their financial performance. Consequently, the hospitality industry's financial performance has been adversely affected by COVID-19.