Management accounting reports and hospitality industry development in Nigeria

Kenneth Enoch Okpala

Abstract


Structured abstract

Purpose: The limited research interest in the hospitality industry has prevented the conclusion on the relationship between management accounting reports and the industry development in Nigeria. This study examines the effect of management accounting reports on the development of the quoted hotels in Nigeria.

Design/Methodology/approach: This paper made use of primary data collected from 164 selected management staff of the four quoted hotels in Nigeria. A response rate of 112 copies of questionnaire representing 68.29% was achieved. Regression analysis technique was employed to measure the strength of the association between the variables.

Findings: The results revealed that management accounting reports has a significant relationship with the development experienced by quoted hotels in Nigeria.

Research limitations: This study suffers from some limitations. The first is the small size of the population. Secondly, the study concentrated on quoted hotels in Nigeria which account for about 3% of the hotels in Nigeria. Result may differ if other hotels are included in the study.

Practical implications: The study concluded that management accounting reports has given quoted hotels a competitive advantage.

Originality/ Value: The few existing studies conducted on development of hotels in Nigeria were measured in terms of overall guest satisfaction with services rendered. This study took a step further to analyze the effects of service pricing, optimal liquidity and service contribution determination on the quoted hotels client base, investment behaviour and profitability leading development of the subsector in Nigeria. These issues were omitted in the previous studies. 


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