Assessment of the Economic Stability of Hospitality Enterprises Development in the Region

Abstract

The relevance of the research subject is conditioned upon the objective conditions for the development of the hospitality sector, which are characterised by considerable dynamism and uncertainty, and create obstacles to the stable functioning of enterprises, forecasting, and strategic planning of their activities. Economically stable functioning is an important prerequisite for increasing the investment attractiveness of enterprises, increasing business activity and profitability, and in particular, determining the level of economic stability is an important tool for managing the development processes of enterprises and industries. The purpose of the paper is to study theoretical approaches and assess the economic stability of the development of hospitality enterprises in the Transcarpathian region. To achieve this purpose, the author applied general scientific research methods, including correlation, statistical and mathematical methods of cognition. The paper defines the essence of economic stability in the development of hospitality enterprises in the region, systematises indicators and suggests a methodological approach to assessing its level. The analysis of the development of the hospitality sector in the Transcarpathian region is carried out, the level of stability of its functioning is calculated in the context of such economic indicators as the volume of sales of services, profitability, and investment activity. Based on the results of the analysis, the main tasks and priority areas for ensuring the economic stability of the development of hospitality enterprises in the region are identified. A methodological approach to assessing the economic stability of the development of industries in the region is substantiated, which involves calculating the comparative dynamics of key economic indicators of the development of industrial enterprises in the region with similar indicators of the development of the region's economy in general. Based on these results, the level of dependence of the industry on external factors is determined, the degree of such influence is identified, and a system of adaptive mechanisms is developed at the level of the industry and individual enterprises. The practical value of the paper is to determine the level of economic stability of hospitality enterprises in the Transcarpathian region, the main factors influencing the development of the industry, and further develop appropriate recommendations for improving the sustainability of its development in modern conditions

Keywords

• economic sustainability
• tourism services
• profit
• sales volumes of services
• profitability
• capital investment