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2020
DOI: 10.21511/ppm.18(4).2020.25
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Foresight technologies of economic systems: evidence from the tourism sector of Ukraine

Abstract: Nowadays, it is imperative to use forecasting technologies that are most likely to predict the development of economic systems. Foresight technologies based on a combination of strategic analysis and forecasting of key indicators provide a high level of probability of achieving certain results and contribute to shaping conditions for their achievement. Among economic systems, tourism sector is the most vulnerable to the negative impact of the global pandemic. In 2020, its revenues fell by 70%, leading to an un… Show more

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Cited by 17 publications
(4 citation statements)
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“…Today, similar products are offered by many competing companies. The consumer has a choice, so hotel and restaurant companies must constantly conduct market research and search for ways to improve their products in order to bypass competitors in meeting the needs of consumers (Melnychenko et al, 2020).…”
Section: Methodsmentioning
confidence: 99%
“…Today, similar products are offered by many competing companies. The consumer has a choice, so hotel and restaurant companies must constantly conduct market research and search for ways to improve their products in order to bypass competitors in meeting the needs of consumers (Melnychenko et al, 2020).…”
Section: Methodsmentioning
confidence: 99%
“…One of the areas of application for foresight research is the tourism system, which is characterized by unstable trends in the dynamics of tourist flows, sensitive to external shocks. Melnychenko et al (2020) assessed the potential of foresight in studying priorities for developing the national (Ukrainian) tourism system. They also analyzed theoretical foundations and substantiation of methodological aspects in applying the foresight of the development of tourism as an economic system of Ukraine.…”
Section: Literature Reviewmentioning
confidence: 99%
“…Currently, "digitalization brings the challenge to hotels' work process" (Buer, 2019, p. 6), and "the hotel industry strategically responds to digital platform power" (Balsiger et al, 2021). In the post-pandemic period, digitalization will become one of the main strategic concepts in the tourism and hotel business (Melnychenko et al, 2020;Mazaraki et al, 2019).…”
Section: Literature Reviewmentioning
confidence: 99%