Introduction:

hotel enterprises operate in an increasingly competitive and complex environment, with tourism being the factor of internationalization to improve the positioning and image of this sector of the economy. However, they are limited in administrative, economic, and financial direction. In this sense, studies on tourism mobility today are not enough to contribute to destinations in terms of management and financial processes since they lack adequate administration in terms of investment and financing. With the information collected from 83 directors of companies dedicated to the hotel service, this study helps to minimize the limitations of economic-financial management.

Objective:

design a methodology for the improvement of economic-financial management in twenty-seven medium-sized companies in the hotel sector based on the articulation of the international financial information standard (IFRS) for small and medium-sized entities (SMEs) to business processes.

Materials and methods:

the study focuses on Quito, the leading destination in Ecuador for hotel activities. In the work, an empirical methodology is designed to correct the limitations detected in 2018; The multivariate analysis technique proposed by Springate (1978) is applied to select the sections of the IFRS that contribute the most to this type of business.

Results:

they indicate that the economic-financial management of the companies under investigation during the period 2019 compared to 2018 was improved by 66 %, which shows the importance of the use of IFRS in economic-financial management processes to improve decision-making, the provision of services and competitiveness. However, a minimum profit is observed, although with the probability of generating greater economic benefits.

Conclusions:

the conclusions indicate the positive aspects and the setbacks of the phenomena encountered during the investigation. Also, future researchers are urged to expand on the proposed topic to contribute to the scientific debate, not only from the academy, but also from the business and social sector.