HOTEL AND RESTAURANT AS A MAIN COMPONENT OF TOURISM AND ITS IMPACT ON THE SOCIO-ECONOMIC DEVELOPMENT OF UKRAINE

  • Tetiana Nezveshchuk-Kohut Chernivtsi Trade and Economics Institute of Kyiv National University of Trade and Economics
  • Viktoriia Yazina University of Customs and Finance
Keywords: hotel and restaurant industry, socio-economic development, tourism industry, tourism policy

Abstract

The article is devoted to the principles of operation and development of the hotel and restaurant industry, which is highlighted as a major factor in the tourism industry. The hospitality industry is a special independent branch of the economy, consisting of a group of industries and enterprises whose functions are to meet the diverse demand for various types of recreation and entertainment. The main determinants of hospitality industry development today are the hotel and restaurant industry. Tourism is considered to be an economic category because it promotes the production and implementation of a wide range of services, job creation, income generation, infrastructure development and diversification of the country’s economy. The urgency of creating an effective system of regulation of the hotel and restaurant industry in tourism is considered and the necessity of applying a multielement system of functioning of the tourist industry of Ukraine is substantiated. Important is the role of the hotel and restaurant business in fulfilling many social and economic functions. The hotel and restaurant industry is considered as one of the priority areas for the development of the tourism industry, which has a significant impact on the socio-economic development of Ukraine. The main components in the management of the tourism industry are identified. Particular attention is paid to identifying elements of the tourism industry that create a comprehensive tourism management system as an important sector of the economy, which plays an important role in the socio-economic development of Ukraine. Global trends in international tourism make it possible to attribute the tourism business to the most promising sectors of the economy, which includes a large number of elements, including the hotel and restaurant industry. Some measures in the tourism industry to increase the level of socio-economic development of the country are outlined. The market model of the Ukrainian economy necessitates the improvement of the mechanism of tourism development, in particular the hotel and restaurant industry, which is connected with the intensification of this industry, increasing competition in the world market. Recommendations are given for improving the level of development of the hotel and restaurant business in the country in the context of the spread of Covid-19.

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How to Cite
Nezveshchuk-Kohut, T., & Yazina, V. (1). HOTEL AND RESTAURANT AS A MAIN COMPONENT OF TOURISM AND ITS IMPACT ON THE SOCIO-ECONOMIC DEVELOPMENT OF UKRAINE. Taurida Scientific Herald. Series: Economics, (4), 51-57. https://doi.org/10.32851/2708-0366/2020.4.6
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ECONOMY AND OPERATION OF NATIONAL ECONOMY