Innovative component as a necessary factor for providing enterprises` development
Title: |
Innovative component as a necessary factor for providing enterprises` development |
Authors: |
Fedyshyn, Iryna |
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
|
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: |
|
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 |
References (International): |
1. Tirole J. (2017) Economics for the common good. Princeton, New Jersey: Princeton University Press. 560 р. https://doi.org/10.33271/nvngu/2020-2/074 https://doi.org/10.3390/su12187687 |
Content type: |
Article |
Appears in Collections: |
Scientific Journal "Socio-Economic Problems and the State", Vol.23, No.2 |