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Innovative component as a necessary factor for providing enterprises` development

Title: 


Innovative component as a necessary factor for providing enterprises` development


Authors: 



Fedyshyn, Iryna
Kelechi, Ikeagwu Favour


Affiliation: 


Ternopil Ivan Puluj National University, 56, Ruska str., Ternopil, 46001, Ukraine


Bibliographic description (International): 


Fedyshyn, I. & Ikeagwu Favour Kelechi (2021) Innovative component as a necessary factor for providing enterprises` development [Socio-Economic Problems and the State] (electronic journal), Vol. 25, no. 2, pp. 81-88. Available at: http://sepd.tntu.edu.ua/images/stories/pdf/2021/21fibped.pdf



Journal/Collection: 


Scientific Journal "Socio-Economic Problems and the State"


Issue: 


2(25)


Issue Date: 


Nov-2021


Submitted date: 


Oct-2021


Date of entry: 


22-Jul-2022


Publisher: 


Ternopil Ivan Puluj National Technical University


Country (code): 


UA


Place of the edition/event: 


Ternopil


ORCID Id: 


http://orcid.org/0000-0002-0356-9003


DOI:


UDC: 


https://doi.org/10.33108/sepd2022.02.081


338.48


JEL: 


O02


Z32

Keywords: 


innovation
globalization
enterprise
tourism and hospitality
trend

Number of pages: 


8


Page range: 


81-88


Start page: 


81


End page: 


88


Abstract: 


The article examines negative trends and issues of the tourism industry in the world, and in Europe in particular and studies the impact of the crisis caused by the COVID-19 virus on the functioning of tourism and hospitality agencies and firms. Travel and tourism's direct contribution to GDP in the World was approximately 2.9 trillion U.S. dollars in 2019. It was found that United States’ travel and tourism industry contributed the largest sum at 580.7 billion U.S. dollars in 2019. The impact of COVID-19 on tourism in Q1 2020 was 67 million fewer international tourist arrivals, 80 US$ billion lost in exports, 100% destinations with travel restrictions. All parts of the industry have been affected, from hotels, motels and resorts, to bed and breakfasts and home-sharing platforms like Airbnb. It was found that rural tourism is one of the factors that can be a fundament for economic recovery and development not only in EU, but in Ukraine as well. Ukrainian tourism and hospitality faced losses from quarantine and pandemics at $ 3-5 billion. Approximately 80% of hospitality establishments in Ukraine were small businesses, sole proprietors, that didn`t survive the quarantine. The number of nights spent at tourist accommodation establishments in rural areas for 2014-2019 in European Union and some most popular tourist destinations showed a slightly increase from 2014 till 2016 and from 2017 till 2019. In 2019, over 3,5 million domestic tourists and almost 900 thousand international tourists stayed in rural accommodations in Spain. Preventive measures and suggestions for the application of crisis management were submitted in this investigation aimed at increasing innovative flexibility within the enterprise, developing preparatory plans to avoid crisis situations and precautionary measures for their implementation were proposed in the article.


Sponsorship: 


The authors received no direct funding for this research.


URI: 


http://elartu.tntu.edu.ua/handle/lib/38577


ISSN: 


2223-3822


Copyright owner: 


Scientific Journal "Socio-Economic Problems and the State"


URL for reference material: 


http://sepd.tntu.edu.ua/images/stories/pdf/2021/21fibped.pdf
https://www.forbes.com/sites/alisondurkee/2020/08/25/un-report- tourism-industry-covid-19-faces-1-trillion-loss-100-million-jobs-atrisk/?sh=6d1f428bcdd3
https://www.statista.com/statistics/1228976/summer- staycation-destinations-uk/
https://ec.europa.eu/eurostat/statistics-explained/index.php?title=Tourism_statistics_- _annual_results_for_the_accommodation_sector&oldid=541904
https://www.statista.com/statistics/775199/number-of-domestic- tourists-in-rural-accommodations-in-spain/#statisticContainer
https://www.statista.com/statistics/765361/annual-number-of-tourists-in-rural- accommodations-in-spain/#statisticContainer
https://www.statista.com/statistics/795702/number-of-agritourism-facilities-in-italy/
https://www.statista.com/topics/3848/travel-and-tourism-ineurope/#dossierSummary


References (International): 


1. Tirole J. (2017) Economics for the common good. Princeton, New Jersey: Princeton University Press. 560 р.
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https://doi.org/10.33271/nvngu/2020-2/074
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10. Yearly number of tourists staying in rural accommodations in Spain between 2009 and 2019 (in 1,000s). Statista (2021). Retrieved from https://www.statista.com/statistics/765361/annual-number-of-tourists-in-rural- accommodations-in-spain/#statisticContainer [5.10.2021]
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https://doi.org/10.3390/su12187687


Content type: 


Article


Appears in Collections:

Scientific Journal "Socio-Economic Problems and the State", Vol.23, No.2

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