Analysis And Research On The Performance Of Listed Companies In Midwest

Along with the economic level improved, People’s disposable income increase. More and more people choose travelling as a preferred way of leisure. Tourism contains six elements "eating, accommodation, transportation, traveling, shopping and entertainment". It can drive the local transportation, catering, hotel industries and some other related industries. So it has a great effect on promoting economic development. In the Midwest regions which economic level is lagging behind, The local government in these areas even regard tourism as a pillar industry, however, these areas have the small number of listed tourism companies, most of them performance are poorer, there some problems need to be resolved in the development process.This paper studied the listed tourism companies in the Midwest regions from the perspective of business performance. Firstly, the basic theory and methods of analysis, then introduces the features of the listed companies in central and western regions, then analysis the middle and western areas of listed tourism companies five years financial indicators, The most important part of the article is to select the 2013 financial indicators of listed companies nationwide,through the empirical analysis, we get a operating performance ranking, with a score by comparing the level of the eastern Midwest, identify the reason of poor performance, and thus give suggestions to better develop the Midwest tourism Companies.Through the empirical analysis results we can get the following conclusion:the central and western listed companies are developing unbalance, and have a large gap between the eastern region of listed tourism companies. The emei mountain tourism, lijiang tourism Yunnan tourism and zhangjiajie tourism has a better development, huangshan tourism, guilin tourism, Tibet tourism has a worse development, and the worst performance is huatian hotelInnovation points of this paper:(1) based on the analysis, we can know the overall situation of the financial indicators of the Midwest tourism listed company, find out the gap and the ideal value, so as to understand the the operating position of listed tourism companies in different industries in the Midwest,then has a good incentive effect on managers of enterprises.(2)Although Chinese scholars study the performance of listed companies related works a lot, but study the performance of Midwest tourism listed companies is almost no, most of the analysis are about the overall companies, non-targeted.Limitations of this paper:(1) as the special nature of the tourism industry itself, it has a great relevance with the external environment, and has significant seasonal differences. Therefore the operating performance is very susceptible, which will make the results of great uncertainty. (2) This paper only chooses eight indicators, which can not fully reflect the overall level of performance.