Risks of investment activity in tourism and hotel-restaurant business

Smovzhenko, Tamara; Korkuna, Oryslava; Korkuna, Ivan; Tsilnyk, Oleh

doi:10.36818/1562-0905-2020-1-16

Cited by 2 publications

(2 citation statements)

References 2 publications

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“…T.S. Smovzhenko and others (2020) described the existence of inter-industry connections between tourism and hotel and restaurant business and determined the benefits of investment activities in the researched industry for both the country's economy and investors themselves [8]. Nonetheless, despite the considerable quantity of work dedicated to the problems and tendencies of tourism industry development in Ukraine and the certain progress in studying tourism as the driver of social and economic development of the country, some questions within the specified area remain open for discussion and require more detailed study and analysis.…”

Section: особливості та пріоритети розвитку туризму в україніmentioning

confidence: 99%

Features and priorities of tourism development in Ukraine

Anhelko¹,

Vaskovych²,

Lekh³

2022

Ukr. socìum

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The article discusses the role of tourism in the social and economic development of the separate regions and the country in general. It has been defined that in Ukraine, tourism’s development significantly influences different sectors of the economy, including transport, trade, connection, construction, agriculture, manufacture of consumer goods, etc. The current state of the national tourism industry has been characterised based on analysing the dynamics of tourist flows in Ukraine. It has been determined that despite the preconditions for tourism development in Ukraine, the sector is fully growing its potential not due to the country’s complicated political and economic situation. It has been established that tourist flows in Ukraine are represented by outbound, inbound, and domestic tourism, which is gradually becoming more widespread in current conditions. It has been proven that to encourage (facilitate) the development of domestic tourism in Ukraine, it is necessary to consider the set of actions which, as implemented together, would ensure the priority of domestic tourism in the context of the economic development of the country and replenishment of budgets of all levels. It has been specified that to encourage the development of domestic tourism, it is also crucial to create and ensure the efficient functioning of all required elements of the modern tourism industry, which would enable the possibility of providing excellent tourism services, as well as manufacturing and delivering consumer goods that would meet the requirements of tourists. It has been concluded that positive results of the suggested recommendations for encouraging (facilitating) the development of domestic tourism can be achieved only if implemented comprehensively and with respect to the changes in the market environment. This will allow converting the sector of tourism services into a highly profitable and competitive industry. In its turn, the transformation will guarantee the acceleration of social and economic development of not only separate regions but the country in general, contribute to the improvement in the quality of life of the population, enhance the harmonious development and consolidation of the society, and boost the promotion of Ukraine in the world.

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Section: особливості та пріоритети розвитку туризму в україніmentioning

confidence: 99%

Features and priorities of tourism development in Ukraine

Anhelko¹,

Vaskovych²,

Lekh³

2022

Ukr. socìum

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“…The financial aspects of managing hotel and restaurant operations are complex and involve high investment risks, particularly during economic or health crises. Effective risk management is essential to ensure sustainable investment returns and operational success [7].…”

Section: Introductionmentioning

confidence: 99%

Feasibility Study of Sudut Group’s Hotel and Restaurant Business at Pantai Indah Kapuk 2

Wirja,

Lazuardi Kitri

2024

ijcsrr

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The hospitality sector significantly impacts Indonesia’s economy, particularly in Jakarta, Bandung, and Surabaya. Sudut Group, known for its successful ventures in Bandung, aims to expand into Pantai Indah Kapuk 2 (PIK 2) in Jakarta. This study evaluates the economic feasibility of this new hotel and restaurant project using capital budgeting techniques such as Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period. The financial analysis shows promising results, with an NPV of IDR 54,881,243,591, an IRR of 19.33%, and a payback period of 6.56 years. Sensitivity analysis and Monte Carlo simulations, involving 1,000 trials, further assessed the project’s risks, showing an average NPV of IDR 44,318,599,606. The research concludes that Sudut Group’s project in PIK 2 is economically viable, offering substantial profitability and growth potential. Comprehensive financial analysis and risk assessments support informed decision-making by stakeholders, emphasizing both opportunities and challenges.

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Risks of investment activity in tourism and hotel-restaurant business

Cited by 2 publications

References 2 publications

Features and priorities of tourism development in Ukraine

Features and priorities of tourism development in Ukraine

Feasibility Study of Sudut Group’s Hotel and Restaurant Business at Pantai Indah Kapuk 2

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