Relationship between labor costs and profitability in the hotel sector
Keywords:
Profitability, efficiency, costs, labor, wagesAbstract
Labor costs represent a relevant component in hotel operations, and their influence on profitability is the subject of analysis in the city of Macas, Ecuador. The problem posed focuses on determining how these costs affect hotel profitability. The objective of the research was to establish the relationship between both variables. A mixed approach was applied, using Pearson's correlation coefficient to evaluate the data collected. The results revealed that there is no strong relationship between labor costs and profitability, since the R values were low and the p-values did not show statistical significance. Correlations with factors such as operating efficiency, competitiveness and training were also weak. It is concluded that other elements such as internal management, tourism demand and technological implementation have a greater influence on hotel profitability than labor costs alone.
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