The Impact of Global Trade and Globalization on the Hotel Services Market in Czech and Slovak Republic

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

The Impact of Global Trade and Globalization on the Hotel Services Market in Czech and Slovak Republic

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

The Impact of Global Trade and Globalization on the Hotel Services Market in Czech and Slovak Republic

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2025

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

Hradec Economic Days

ISBN

978-80-7435-945-3

ISSN

2464-6067

e-ISSN

—

Počet stran výsledku

11

Strana od-do

113-124

Název nakladatele

Univerzita Hradec Králové

Místo vydání

Hradec Králové

Místo konání akce

Hradec Králové

Datum konání akce

1. 1. 2025

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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