The purpose of this dissertation is to examine the financial performance of the forty largest hotel companies in Greece. One of the most significant parts of businesses is their financials and it is the part of a business that makes everything else flourish, especially in such an important sector for the Greek economy, tourism. Talking a look at Greece’s GDP and its correlation with tourism, it is shown that the first was highly influenced by the second. Furthermore, it is important to identify the potential shift in the financial position of the companies during the years under analysis and the general state of the sector as a whole. In order to examine these changes, data from the hotels with the highest revenue were used for the years 2013 to 2017. Calculating a wide range of ratios (Current ratio, ROA,ROE) and analyzing key financial figures (Assets, Profits, Losses, Debt and Equity) for those companies we found and presented the changes over the years and presented the most significant. Finally, the results of the financial analysis identify many problems that the hotel sector faces or may face in the future, and proposes suggestions to normalize or eliminate those problems.
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