Financial condition and prospects for the development of the tourism business in Ukraine in the context of instability
Year: 2025
Type: article
Abstract: This study examines the financial condition and development prospects of the domestic tourism business under conditions of military instability. The research analyzes the main challenges caused by war, particularly the decline in tourist flows, destruction of infrastructure, and reduction in investment volumes. The study also assesses trends in revenue, profitability, and overall financial performance of enterprises in the tourism sector. A key aspect of the research is the identification of crisis management strategies aimed at stabilizing and restoring the tourism industry. The paper explores the implementation of an anti-crisis management program, focusing on financial sustainability, operational efficiency, and strategic planning for long-term recovery. It also highlights the role of government support, private sector initiatives, and international cooperation in mitigating economic losses and fostering business resilience. The findings of this study emphasize the necessity of adaptive financial strategies and innovative approaches in managing tourism enterprises during periods of crisis. The research offers practical recommendations for improving the financial stability of tourism businesses, enhancing risk management frameworks, and optimizing resource allocation. Moreover, the study provides a foundation for future strategic planning to revitalize the tourism sector and ensure its sustainable development in the post-war period. The insights gained from this research contribute to a broader understanding of how military conflicts impact the financial well-being of tourism enterprises and propose measures to mitigate negative consequences. By integrating financial risk assessment with policy interventions, the study provides a comprehensive framework for strengthening the resilience of the tourism industry amid ongoing challenges. The results are relevant for policymakers, business owners, and financial analysts seeking effective solutions to navigate economic uncertainty and promote recovery in the tourism sector.
Institution: Chernihiv Polytechnic National University
Language: English
Subfield: Sociology and Political Science
Field: Social Sciences
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4410523699