Financial problems encountered by hotel businesses and solution suggestions: A study in Van province

Hotel businesses operating in the tourism sector play important roles in the economy. If hotel businesses experience financial problems, this may negatively affect both the hotel business and the country's economy. Hotel businesses trying to achieve success and maintain their continuity in a competitive environment have to overcome the financial difficulties they experience. The main purpose of this study is to identify the financial problems faced by hotel businesses in Van and to offer solutions. In this context, data was obtained with a semi-structured interview form using the qualitative research method. Within the scope of the research, interviews were conducted face to face with the finance and accounting officers of hotel businesses operating in Van province. As a result of the research, it was determined that hotel businesses encountered problems arising from insufficient equity capital or working capital, problems in obtaining loans, problems arising from financial management inadequacy, economic policies and financial situation. How businesses deal with these problems and their expectations regarding these problems are discussed in detail in the results and discussion section. Thus, the fact that the research includes suggestions for identifying financial problems and eliminating these problems contributes to businesses and other researchers working in this field.