Subject	Economics and Econometrics
Specific subject area	Tourism and Hospitality Management
Type of data	Table, Figure
How data were acquired	Microeconomic data provided by Amadeus database, and contextual variables provided by World Tourism Organization, OECD, and Eurostat
Data format	Raw, analysed, descriptive and inferential statistical data
Parameters for data collection	Two measures of corporate profitability are considered in this dataset: Return on equity (ROE) and Return of assets (ROA). Additional financial indicators are included as control variables. Country heterogeneity is checked using macroeconomic variables and tourism indicators. Within and between-country variability may be decomposed using a hierarchical data experiment.
Description of data collection	Data were collected by using a multi-step approach. First, we use a random sampling technique for financial indicators. Second, we consider different international data set for contextual variables
Data source location	Countries included: Austria, Belgium, Denmark, Finland, France, Germany, Hungary, Ireland, Italy, Latvia, Lithuania, Norway, Poland, Portugal, Romania, Spain, Sweden, and United Kingdom
Data accessibility	Data is included in this article. Also publicly available at repository Mendeley: https://data.mendeley.com/datasets/b8mc5byy7g/1