The hotel sector is one of many core sectors that form the idiomorphic tourist product, which
participates in the tourist activity by producing and offering some of the most fundamental
products of the tourism industry. The financing needs for investments in fixed assets, which
require the bulk of the capital invested in the hotel sector, in combination with the continuity
of hotel activity, increase fixed costs considerably; fixed costs must be covered irrespective of
the volume of the hotel turnover (Mattimoe, 2008). Bankruptcy forecasting models prove that
the main cause of bankruptcy is poor financial management of a firm. The data published on
financial reports such as balance-sheets and profit & loss statements, along with the financial
ratio analysis, may contribute significantly to the investigation and ascertainment of the
robustness and prospects of hotel enterprises.