The Impact of Global Trade and Globalization on the Hotel Services Market in Czech and Slovak Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F25%3A103531" target="_blank" >RIV/60460709:41110/25:103531 - isvavai.cz</a>
Result on the web
<a href="https://digilib.uhk.cz/bitstream/handle/20.500.12603/894/10_2025-01-10_113_124.pdf?sequence=1" target="_blank" >https://digilib.uhk.cz/bitstream/handle/20.500.12603/894/10_2025-01-10_113_124.pdf?sequence=1</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.36689/uhk/hed/2025-01-010" target="_blank" >10.36689/uhk/hed/2025-01-010</a>
Alternative languages
Result language
angličtina
Original language name
The Impact of Global Trade and Globalization on the Hotel Services Market in Czech and Slovak Republic
Original language description
Global trade and globalisation have significantly affected the hotel services market, especially in the Czech and Slovak Republics. These changes affect supply and demand dynamics, leading to market homogenisation or differentiation based on cost-effectiveness and sustainability. This study examines the key factors influencing hotel prices and expenditure between 2007 and 2023, focusing on the role of energy costs and employee remuneration in shaping turnover. Using economic modelling and statistical analysis, the research identifies a strong relationship between these costs and hotel sales, with inflation negatively impacting demand. The study confirms that rising energy costs and wages contribute to fluctuations in accommodation prices, which affects the competitiveness of the tourism industry. Moreover, inflation exhibits a time lagged elastic effect, further complicating financial stability in the sector. The findings provide valuable insights for policy makers and industry stakeholders and highlight the need for strategic cost management and sustainable development to remain competitive in a globalised hospitality market.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2025
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Hradec Economic Days
ISBN
978-80-7435-945-3
ISSN
2464-6067
e-ISSN
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Number of pages
11
Pages from-to
113-124
Publisher name
Univerzita Hradec Králové
Place of publication
Hradec Králové
Event location
Hradec Králové
Event date
Jan 1, 2025
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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