The hospitality industry development factors (case of St. Petersburg)

Abstract

The hospitality industry is the unity of all cooperating organizations, each of which performs certain functions aimed at meeting the needs of consumers. The purpose of the article is to review the hotel market of St. Petersburg in the pre-pandemic period. During the research, methods of system and economic analysis, statistical structural and dynamic analysis, correlation and regression analysis were used. To achieve this goal, the characteristics and lists of services of hotels of the main categories are structured. It analyses the key market indicators, such as occupancy and hotel room growth, the distribution of room stock by category, the ratio of tariffs for rooms in hotels of different categories, as well as tourist flow in the context of domestic and foreign citizens. The distribution of domestic and foreign tourists by districts of the city is considered, preferences are revealed. The analysis of the dynamics of changes in the main parameters of the market, including specific indicators, is carried out, demand and supply are compared. It is established that hotels in recent years have carried out activities to attract additional tourists. It is concluded that hotels of different categories did not have time to adapt to the increase in the number of tourists. The characteristics of the market that presumably influence the value of the Gross regional Product of the city are identified, and regression models are compiled. Assumptions are made about the trends in the development of the hotel market in St. Petersburg.