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Theoretical Foundations of Research on Hotel Industry
Panova I. O., Tymoshchuk A. V.

Panova, Iryna O., and Tymoshchuk, Anatolii V. (2021) “Theoretical Foundations of Research on Hotel Industry.” Business Inform 5:235–240.
https://doi.org/10.32983/2222-4459-2021-5-235-240

Section: Economics of Trade and Services

Article is written in Ukrainian
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UDC 338.484

Abstract:
The publication is aimed at characterizing the theoretical basis of research on hotel management. Objective: determining the essence of the hotel industry and highlighting the normative regulation of the hotel industry. The used methods are: analytical, historical, evaluation, description and others. Today, the tourism industry is one of the leading sectors of economies in many world countries, providing significant revenues to the budget of countries mainly at the expense of foreign tourists. Its development is influenced by a number of factors, in particular: social, economic, cultural, political, natural-resource, historical, scientific-technological progress, etc. Hotel industry, as part of the tourism business, is of great importance for the economy of Ukraine. The main goal of the hotel industry is to provide services for the temporary accommodation of domestic and foreign tourists, which contributes to the formation of a market mechanism of management, the receipt of funds to the budget, the creation of additional jobs and improving the standard of living of the State’s population. All this indicates the importance of studying the general and special properties of the hotel economy. Legal regulation plays an important role not only in the hotel business, but also in general for the whole tourism industry. The legal framework for hospitality industry enterprises is regulated by the main documents, including: international conventions, laws, orders and decrees, the State standards of Ukraine, etc. Normative regulation ensures the functioning of the hotel industry and promotes its development in Ukraine. The State support to the hotel industry is not less important, which is aimed at stimulating the priority directions of hotel business development, compliance with the State standards and coordination of tourist servicing.

Keywords: hotel industry, hotel business, tourism industry, hospitality industry, legal framework.

Fig.: 2. Bibl.: 21.

Panova Iryna O. – Candidate of Sciences (Economics), Associate Professor, Department of Tourism Business and Country Studies, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]
Tymoshchuk Anatolii V. – Student, V. N. Karazin Kharkiv National University (4 Svobody Square, Kharkіv, 61022, Ukraine)
Email: [email protected]

List of references in article

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