Financial risks in the operation of special service transportation in the hotel sector in Bogota, Colombia.

Abstract

The objective of this research article is to characterize the financial risks incurred by the owners of special service transportation in the hotel sector in Bogota, taking into account the importance of financial risk management in the contemporary business management scenario. Methodologically, from a quantitative scope and a descriptive and correlational approach, the main financial risks that impact the management of the organizations belonging to the special transportation sector of the hotel sector in the Colombian capital are established. Among the main results it is determined that the risk of price variation to customers, the risk of non payment on the service provided, the risk of pre-productive activities, the risk of contracting and the risk of personnel management are the most relevant for this economic activity. It is important to point out that investors must maintain a reserve against the risk of non-payment in the future, since the obligations that allow the operation and provision of the service, such as bearings, insurance, salaries, social security, among others, must be paid in order to continue generating income