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    Date: 2023-07-29 12:58:29.804866

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    Date: 2023-08-04 09:47:29.515027

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Average profitability and efficiency ratios of the hotel industry

Requested from BIR by V. Ediong at 12:58 PM on Jul 29, 2023.
Purpose: Research
Date of Coverage: 01/01/2022 - 12/31/2022
Tracking no: #BIR-635483697637

Ediong 12:58 PM, Jul 29, 2023 

Good day! 

I would like to request the average ratios of the hotel industry here in the Philippines as to:

1) Return on Assets
2) Return on Equity
3) Net Profit Margin
4) Asset Turnover 
5) Receivable Turnover 

Thanks much,
Vyonne


August 4, 2023

Dear Vyonne Ariane,

Greetings!

Thank you for your request dated Jul 29, 2023 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your request

You asked for Average profitability and efficiency ratios of the hotel industry.

Response to your request

In reply, please be informed that we do not have available data and/or information regarding profitability of Hotel Services or Business in the Philippines. The registration of each taxpayer in the Revenue District Offices (RDOs) and its line of business depends on the Philippine Standard Industry Code (PSIC) for the classification standards of goods and/ or services for sale. 

Thank you.

Respectfully,

FOI Officer
Public Information and Education Division

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