Modeling of Variations in Price for Standard Rooms in Polish Hotels Lysenko O. V.
Lysenko, Olena V. (2023) “Modeling of Variations in Price for Standard Rooms in Polish Hotels.” The Problems of Economy 1:198–204. https://doi.org/10.32983/2222-0712-2023-1-198-204
Section: Mathematical methods and models in economy
Article is written in UkrainianDownloads/views: 4 | Download article in pdf format - |
UDC 330.4:519.8:519.7:007
Abstract: 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 such Polish cities as Wroclaw, Poznan, Gdansk. And they are the spatial series, on the basis of which regression mathematical models are built for evaluating the trends of changes in the level of prices for the corresponding hotel rooms. The series are spatial because the data are collected at a specific moment 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 trends of price growth or decline and the possibility of entering into crisis economic manifestations. The work is devoted to the analysis of trends in hotel room price changes 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 trends 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 trends in Europe, but also for the future of the hotel segment of our country. The trends in the development of the hotel industry in Europe and in Poland in particular are analyzed. Extensive statistical material has been collected, which is up-to-date, because the figures are taken from booking sites as of November 2022. Most often, the analysis of economic trends in the development of the hotel industry is based on expert assessments or statistical data from travel agencies. The conducted analysis is based on approaches to mathematical modeling and the use of mathematical and statistical tools of the Microsoft Excel software. 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 increasing and crosses the growth limit which is the corresponding exponential function built on the base of the same spatial number series.
Keywords: space-time series, exponential function, coefficient of determination, trend, mathematical model.
Fig.: 3. Tabl.: 1. Formulae: 1. Bibl.: 28.
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: Lysienko.Elena@gmail.com
List of references in article
Antonova, L. V., and Liakhovets, O. O. Ekonometryka [Econometrics]. Mykolaiv: ChDU im. P. Mohyly, 2011.
Halasiuk, S. S., and Nezdoiminov, S. H. Orhanizatsiia hotelnoho hospodarstva [Organization of the Hotel Industry]. Kyiv: FOP Huliaieva V. M., 2019.
Lysenko, O. V. “Modeliuvannia zabezpechennia dostatnyoho rivnia finansuvannia operatsiinoho periodu pidpryiemstv“ [Modeling of Ensuring a Sufficient Level of Funding for the Operational Period of Enterprises]: avtoref. dys. ... kand. ekon. nauk : 08.00.11, 2019.
“Hotel Industry in Europe will be worth _€43.9 billion by“. https://www.globenewswire.com/news-release/2022/08/10/2495926/0/en/Hotel-Industry-in-Europe-will-be-worth-43-9-billion-by-2027.html
“Hospitality Industry statistics to have on your radar in 2022“. https://www.hospitalitynet.org/news/4112059.html
“Hotel Piast Wroclaw Centrum, Vrotslav - onovleni tsiny 2022 roku“ [Hotel Piast Wroclaw Centrum, Wroclaw - Updated Prices for 2022]. https://www.booking.com/hotel/pl/hotel-piast-wroclaw-centrum.uk.html
“Hotel Traffic Wroclaw Stare Miasto, Vrotslav - onovleni tsiny 2022 roku“ [Hotel Traffic Wroclaw Stare Miasto, Wroclaw - Updated Prices for 2022]. https://www.booking.com/hotel/pl/traffic.uk.html?aid=397594&label
“Hotel Wieniawa, Vrotslav - onovleni tsiny 2022 roku“ [Hotel Wieniawa, Wroclaw - Updated Prices for 2022]. https://www.booking.com/hotel/pl/wieniawawroclaw.uk.html
“HOTEL I RESTAURACJA BROCHOW, Vrotslav - onovleni tsiny 2022 roku“ [HOTEL I RESTAURACJA BROCHOW, Wroclaw - Updated Prices for 2022]. https://www.booking.com/hotel/pl/brochaw-jan-nowak.uk.html?
“Premiere Classe Wroclaw Centrum, Vrotslav - onovleni tsiny 2022 roku“ [Premiere Classe Wroclaw Centrum, Wroclaw - Updated Prices for 2022]. https://www.booking.com/hotel/pl/premiere-classe-wroclaw-centrum.uk.html
“ibis budget Wroclaw Stadion, Vrotslav - onovleni tsiny 2022 roku“ [ibis budget Wroclaw Stadion, Wroclaw - Updated Prices for 2022]. https://www.booking.com/hotel/pl/ibis-budget-wroclaw-stadion.uk.html
“ibis budget Wroclaw Poludnie, Vrotslav - onovleni tsiny 2022 roku“ [ibis budget Wroclaw Poludnie, Wroclaw - Updated Prices for 2022]. https://www.booking.com/hotel/pl/ibis-budget-wroclaw-poludnie.uk.html
“Hotel Traffic Poznan Stare Miasto, Poznan - onovleni tsiny 2022 roku“ [Hotel Traffic Poznan Stare Miasto, Poznan - Updated Prices for 2022]. https://www.booking.com/hotel/pl/traffic-and-hostel.uk.html?label
“Hotel Atlantis, Poznan - onovleni tsiny 2022 roku“ [Hotel Atlantis, Poznan - Updated Prices for 2022]. https://www.booking.com/hotel/pl/poznan_tango.uk.html?label
“Campanile Poznan, Poznan - onovleni tsiny 2022 roku“ [Campanile Poznan, Poznan - Updated Prices for 2022]. https://www.booking.com/hotel/pl/hotelpoznanpoz.uk.html?label
“Hotel Gold, Poznan - obnovlennyye tseny 2023 goda“ [Hotel Gold, Poznan - Updated Prices for 2023]. https://www.booking.com/hotel/pl/gold.ru.html?aid=315714&label=gold
“Poznan West Hotel - Airport, Poznan - onovleni tsiny 2022 roku“ [Poznan West Hotel - Airport, Poznan - Updated Prices for 2022]. https://www.booking.com/hotel/pl/west.uk.html?label=gog235jc-1DCAEoggI4
“Ibis Poznan Stare Miasto, Poznan - onovleni tsiny 2022 roku“ [Ibis Poznan Stare Miasto, Poznan - Updated Prices for 2022]. https://www.booking.com/hotel/pl/hotelibispoznancentrum.uk.html
“Ibis Poznan Polnoc, Sukhy-Las - onovleni tsiny 2022 roku“ [Ibis Poznan Polnoc, Suhy-Las - Updated Prices for 2022]. https://www.booking.com/hotel/pl/ibis-poznan-polnoc.uk.html?label
“Hotel Logos, Hdansk - onovleni tsiny 2022 roku“ [Hotel Logos, Gdansk - Updated Prices for 2022]. https://www.booking.com/hotel/pl/logos-gdansk.uk.html?label
“Hotel Villa Eva, Hdansk - onovleni tsiny 2022 roku“ [Hotel Villa Eva, Gdansk - Updated Prices for 2022]. https://www.booking.com/hotel/pl/villaevagdansk.uk.html?label
“Hotel Arena Expo, Hdansk - onovleni tsiny 2022 roku“ [Hotel Arena Expo, Gdansk - Updated Prices for 2022]. https://www.booking.com/hotel/pl/arena-gdaask.uk.html?label
“Ibis Gdansk Stare Miasto, Hdansk - onovleni tsiny 2022 roku“ [Ibis Gdansk Stare Miasto, Gdansk - Updated Prices for 2022]. https://www.booking.com/hotel/pl/ibis-gdansk-stare-miasto.uk.html
“Smart Hotel, Hdansk - onovleni tsiny 2022 roku“ [Smart Hotel, Gdansk - Updated Prices for 2022]. https://www.booking.com/hotel/pl/smart.uk.html?label
“Hotel Olivia, Hdansk - onovleni tsiny 2022 roku“ [Hotel Olivia, Gdansk - Updated Prices for 2022]. https://www.booking.com/hotel/pl/dom-sportowca-olivia.uk.html?label
“Hotel Urbi, Hdansk - onovleni tsiny 2022 roku“ [Hotel Urbi, Gdansk - Updated Prices for 2022]. https://www.booking.com/hotel/pl/urbi-gdansk1.uk.html?label
“Hotel Vesper House, Hdansk - onovleni tsiny 2022 roku“ [Hotel Vesper House, Gdansk - Updated Prices for 2022]. https://www.booking.com/hotel/pl/vesper-house.uk.html?label
“Eksponentsialna funktsiia - shcho tse take, vyznachennia ta poniattia - 2021“ [Exponential Function - What Is It, Definition and Concepts - 2021]. Economy-Wiki.com. https://uk.economy-pedia.com/11030490-exponential-function
|