Abstract:

Tourism is one of the sectors that are important for the development of countries. With tourism, a service sector, countries can generate income by subjecting their natural and cultural resources to an economical process. The development and growth of the tourism sector affect the performance of tourism enterprises. For this reason, it is essential to measure the financial performances of tourism enterprises and analyze them. This study measures the financial performance of accommodation businesses operating in Borsa Istanbul (BIST). This measurement was performed using the COPRAS and WASPAS methods. The analysis using two different methods will contribute to both the knowledge in the literature and the applications for financial performance by identifying the difference between these methods. The study sample is the enterprises operating in the BIST accommodation sector. The variables in the analysis are the financial ratios obtained from the financial statements for the 2016-2020 periods. The determined financial ratios were analyzed using COPRAS and WASPAS methods. According to the WAPSAS method, the highest financial performance between the 2017-2021 periods was TEKTU (2017-2020) and AYCES (2021), while according to the COPRAS method, the highest financial performance between the 2017-2021 periods varied. According to the results of the study, although the findings obtained from the two different methods are not the same, it is observed that similar results are observed when all the rankings are taken into account, and the financial performance rankings of the enterprises change due to the different methods.

Keywords: