Impact of Integration between Quality Management Practices and Cost Management Techniques on Improving Financial Performance (A Field Study of Four and Five-Star Hotels in Amman)
Journal: Journal of Association of Arab Universities for Tourism and Hospitality (Vol.16, No. 2)Publication Date: 2019-06-01
Authors : Mohammed Ahmed Al-Zghoul; Ahmed Abd Al Qawi; Samy Wageh Mahmoud; Mohamed Sayed El -Zoghbi;
Page : 95-103
Keywords : Quality Management; Costs Management; Financial Performance; Hospitality Industry;
Abstract
The study aims to investigate the impact of integrating quality management practices and cost management techniques on improving financial performance of Amman hotels. A questionnaire was developed and distributed to a sample of (360) managers in financial administrations, quality units, and operational departments in Amman hotels, out of them (224) were valid and suitable for statistical analyses. The results showed that a significant impact of quality management practices and cost management techniques on unfinancial performance. The study recommended hotels to continue integrating quality management practices and cost management techniques to be in line with recent and modern trends of cost management.
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