Analysis and Modeling of the Impact of Factor Determinants on the Functioning of the Hotel Economy in Ukraine

Analysis and Modeling of the Impact of Factor Determinants on the Functioning of the Hotel Economy in Ukraine

Nazariy Popadynets, Tetyana Skrypko, Oleksiy Topchiy, Mariia Garasymliuk
Copyright: © 2021 |Pages: 10
DOI: 10.4018/IJISSS.2021070103
This article was retracted

Abstract

The system of indicators that impact the process of forming of competitive advantages in the hotel economy as one of the types of housing sectors is suggested based on the system analysis. Close relationship between the competitiveness level of the hotel economy in Ukraine and influence factors roughly divided into two groups (external and internal) is mathematically proven. The methods of development of prognosis level of the hotel economy competitiveness in Ukraine is formed based on respective values of stimulating and deterrent indicators. The hypothesis that income of population impacts the competitive advantages of the hotel economy is suggested. The model of the hotel economy competitive advantages for Ukraine was developed based on correlation and regression analysis. It allows for determining of the level of hotel industry competitiveness and efficiency of development of new directions to improve the country's touristic attractiveness and for detecting the factors (economic, infrastructural, etc.) that most closely correlate with the real competitiveness level of the hotel business in the region.
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The Purpose And Methods

In order to analyze and model the impact of factor determinants on functioning of hotel economy of Ukraine we suggest an algorithm, where the dependent variable correlates as Gross Regional Product to the general income of population. Socio-economic and infrastructural indicators were selected for factor analysis of competitiveness of hotel businesses in Ukraine based on criteria of market condition and business profitability.

The dependence between the share of GRP and income of population (dependent variable) and socio-economic and infrastructural factors was examined (based on correlation analysis) in order to verify the hypothesis on close correlation between economic factors and competitive advantages of hotel economy in Ukraine.

Analysis validity is verified by the authors using the standard deviation, mean square deviation Constant У and mean square deviation Constant Х, Student’s t-test (t), while the intensity of correlation is verified using the coefficient of determination, which is close to one. The authors attempted determining the intensity of correlation between factors (rn) that impact the phenomenon under research and their nature by construction of correlation matrix.

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