The Impact of Globalization on the Slovak Hotel Industry

Abstract

Among the various sectors that drive the global economy, the tourism is one of the fastest growing, accounting for nearly one-third of the global services trade, one-tenth of global GDP, and onetenth of all jobs. The accommodation facilities, their size, capacity and structure are a precondition for the development of tourism. The purpose of the paper is to examine changes in Slovak accommodation sector in the process of globalization. The article deals with the changes in structure and performances of the accommodation sector in 2000, 2008 and 2016. It points out the impact of globalization on the Slovak hotel industry.