The world experience of state support for the hotel business

Abstract

The investigation of the world experience of state support for the hotel business is carried out in this paper. In the course of scientific research, the methods of analysis and synthesis are used in order to describe the forms and methods of state support for the hotel business; inductions and deductions in order to formulate the relevance, results and conclusions; method of analogy to highlight the features and peculiarities; schematic and tabular presentation of information to visualize the results of the investigation. In the study, the features of classical state support in leading countries have been presented. It is determined that in accordance with the international experience, the important and effective means of regulating the development of the hotel business are as follows: the implementation of legal methods (development of regulatory framework), implementation of strategic programs, innovative projects of hotel construction and similar accommodation facilities. Under COVID-19 conditions, a number of European governments developed unique assistance programs for various business sectors and plans for assisting the hotel business. It is defined that measures directed to support the hotel business include: direct grants or tax benefits; subsidized state guarantees for bank loans; public and private loans with subsidized interest rates; deferred payment of taxes and / or deferred social security contributions; wage subsidies to employees in order to avoid layoffs during the virus outbreak. It is established that in Ukraine the government has provided the program to support hotel business because of COVID-19 pandemic. However, such assistance lags far behind the hotel business support and promotion offered by developed foreign countries. It is reasonable for the government of Ukraine to monitor the methods of international state support for hotel business development and to introduce them in the national environment making it possible to keep them at the level of functioning without reducing the competitiveness of the national hotel business, to develop directions for their further strategic development, to find optimal methods of hotel business management under crisis conditions.