BUSINESS INFORM JOURNAL.

УКР

ENG

Search:

REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

PUBLISHER

Liburkina L. M.

SITE SECTIONS

Modeling of Price Changes for Standard Rooms in Polish Hotels (Krakow)
Lysenko O. V.

Lysenko, Olena V. (2023) “Modeling of Price Changes for Standard Rooms in Polish Hotels (Krakow).” Business Inform 2:93–98.
https://doi.org/10.32983/2222-4459-2023-2-93-98

Section: Economic and Mathematical Modeling

Article is written in Ukrainian
Downloads/views: 1

Download article (pdf) -

UDC 330.4:519.8:519.7:007

Abstract:
The tendencies in the development of the hotel industry in Europe and in Poland in particular are analyzed. Extensive and relevant statistical material was taken from booking sites as of November 2022. Most often, the analysis of economic tendencies in the development of the hotel industry is based on expert assessments or statistical data from travel agencies. The conducted analysis is based on mathematical modeling and the use of Microsoft Excel mathematical and statistical tools. The world market of hotel services is constantly changing, has a dynamic structure, develops in interaction with other markets of goods and services, is influenced by the market environment. Therefore, modern hotels have to adapt to a new type of tourists with rather high requirements for accommodation conditions. In Europe, there is a tendency to stay in 1* and 2* hotels. The study covers data from the Polish city of Krakow. These data represent the spatial series, on the basis of which regression mathematical models are built for evaluating the tendencies of changes in the level of prices for the corresponding hotel rooms. The series are spatial because the data are collected at a specific point in time, but from different objects located geographically at different points. The built models are not representative, but they provide an opportunity to assess the tendencies of price growth or decline and the possibility of entering into crisis economic occurrences. The work is devoted to the analysis of tendencies of changes in hotel room prices and the evaluation of these changes using the construction of regression economic-mathematical models of space and time series. The relevance and significance of the study lies in the analysis and assessment of price tendencies for standard hotel rooms in the popular segment of 1* and 2* hotels in Poland. This country is Ukraine’s closest neighbor, therefore the study of economic trends in the development of its hotel industry is relevant not only for tendencies in Europe, but also for the future of the hotel segment of our country. The conducted analysis showed the presence of a mathematically defined tendency towards a moderate increase in prices for «standard» hotel rooms. The price function for these hotel rooms is an increasing one, but it does not cross the growth limit of the corresponding exponential function built on the same spatial number series. But such a tendency should not lead to any crisis occurrences in the hotel sector of Poland.

Keywords: space and time series, exponential function, coefficient of determination, trend, mathematical model.

Fig.: 4. Tabl.: 1. Formulae: 1. Bibl.: 14.

Lysenko Olena V. – Candidate of Sciences (Economics), Associate Professor, Department of Tourism and Hotel and Restaurant Business, Dnipro Humanities University (35 Yermolovoi Str., Dnipro, 49033, Ukraine)
Email: [email protected]

List of references in article

Antonova, L. V., and Liakhovets, O. O. Ekonometryka [Econometrics]. Mykolaiv: ChDU im. P. Mohyly, 2011.
Lysenko, O. V. “Modeliuvannia zabezpechennia dostatnyoho rivnia finansuvannia operatsiinoho periodu pidpryiemstv“ [Modeling of Providing for the Adequate Level of Financing for a Firms' Operational Period]: avtoref. dys. ... kand. ekon. nauk : 08.00.11, 2019.
Prykladni aspekty prohnozuvannia rozvytku skladnykh sotsialno-ekonomichnykh system [Applied Aspects of Prognosing the Complex Social Economic Systems' Development]. Berdiansk: Vydavets Tkachuk O. V., 2015.
“Pastoral Lodge at the Sanctuary of the Divine Mercy (Krakiv - onovleni tsiny 2022 r.)“ [Pastoral Lodge at the Sanctuary of the Divine Mercy (Krakow - Updated Prices 2022)]. https://www.booking.com/hotel/pl/dom-duszpasterski-sanktuarium-bozego-milosierdzia.uk.html?label=gog235jc
“Hotel TERESITA (Krakiv - onovleni tsiny 2022 r.)“ [Hotel TERESITA (Krakow - Updated Prices 2022)]. https://www.booking.com/hotel/pl/teresita-krakow12345678.uk.html
“Hotel Alf (Krakiv - onovleni tsiny 2022 r.)“ [Hotel Alf (Krakow - Updated Prices 2022)]. https://www.booking.com/hotel/pl/hotel-alf-krakow.uk.html?labe
“Hotel Bona (Krakiv - onovleni tsiny 2022 r.)“ [Hotel Bona (Krakow - Updated Prices 2022)]. https://www.booking.com/hotel/pl/hotelbonacracow.uk.html?label
“Hotel Felix (Krakiv - onovleni tsiny 2022 r.)“ [Hotel Felix (Krakow - Updated Prices 2022)]. https://www.booking.com/hotel/pl/felix-krakow.uk.html?label
“B&B HOTEL Krakow Centrum (Krakiv - onovleni tsiny 2022 r.)“ [B&B HOTEL Krakow Centrum (Krakow - Updated Prices 2022)]. https://www.booking.com/hotel/pl/b-b-krakow-centrum.uk.html?label
“Pensjonat Przy Bloniach (Krakiv - onovleni tsiny 2022 r.)“ [Pensjonat Przy Bloniach (Krakow - Updated Prices 2022)]. https://www.booking.com/hotel/pl/pensjonat-przy-baoniach.uk.html
“Hotel ROK (Krakiv - onovleni tsiny 2022 r.)“ [Hotel ROK (Krakow - Updated Prices 2022)]. https://www.booking.com/hotel/pl/junior-krakus.uk.html?label
“Hotel Daisy Budget (Krakiv - onovleni tsiny 2022 r.)“ [Hotel Daisy Budget (Krakow - Updated Prices 2022)]. https://www.booking.com/hotel/pl/daisykrakow.uk.html?label
“ibis budget Krakow Stare Miasto (Krakiv - onovleni tsiny 2022)“ [ibis budget Krakow Stare Miasto (Krakow - Updated Prices 2022)]. https://www.booking.com/hotel/pl/ibis-budget-krakow-stare-miasto.uk.html
“Eksponentsialna funktsiia“ [Exponential Function]. Economy-Wiki.com. https://uk.economy-pedia.com/11030490-exponential-function

FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

INFORMATION

The Plan of Scientific Conferences

OUR PARTNERS

Journal «The Problems of Economy»

The site and its metadata are licensed under CC BY-SA.

Write to webmaster