Abstract. The research deals with the state of the tourism sector of Ukraine under current conditions. The main funding sources for tourism entities have been considered. The financial measures taken by Ukraine and neighboring countries for overcoming the consequences of the pandemic in the tourism sector have been summarized. The importance of effective financial initiative support in the above-mentioned area has been substantiated. Several financial tools that should be used for the development of the tourism sector in terms of the pandemic are presented. The financial instruments of tourist activity stimulation are singled out: direct financing (public funding instruments) and indirect financing (fiscal incentives, state property rent relief, rate of tourist tax, etc.). The main destructive factors of the tourism sector development have been determined, which include: the lack of systematic state support for the tourism entities development under current conditions; a significant level of the tourism sector shadowing; misuse of funds from the land tourist tax; unsatisfactory condition of tourist facilities; worn-out infrastructure in most regions, etc. The following measures are needed to be implemented to improve the effectiveness of financial instruments for tourism development: the creation of an attractive investment climate in tourism; development of tourist infrastructure; intensification of public funding for tourism and the efforts of local governments to identify internal reserves for funding; intended use of funds from the land tourist tax; use of the potential of the public-private partnership mechanism at the local level; intensification of cooperation with non-governmental institutions, including foreign ones, which are interested in the implementation of tourism development programs, etc. The introduction of anti-crisis key factors, systematization, and consistency in the implementation of the above-mentioned measures will help to stabilize the development of tourism entities in the shortest possible time and achieve a level of economic efficiency and balance between security, public health, and economic interests. Keywords: pandemic, tourist activity, financial instruments, tourist tax, incentives. JEL Classification L83, G19 Formulas: 0; fig.: 1; tabl.: 0; bibl.: 14.
Abstract. The article is devoted to the study of trends in the development of the hospitality industry in the regions of Ukraine. The content and significance of the hospitality industry in the social and economic development of the regions are considered. The content of the studied definitions is determined; approaches to determining the relationship between the concepts of «hospitality industry» and «tourism industry» are generalized and formulated. The main indicators that characterize the consumption of services in the hospitality industry are determined. It is proved that the main such indicators are the contribution of the tourism industry to GDP, the volume of tourist tax. It is determined that the state and development of the hospitality industry also characterize the volume of capital investments by types of economic activity in the field of temporary accommodation and catering. The analysis of these indicators in dynamics and in the regional context is carried out. Trends in the development of the hospitality industry in modern conditions are described. Significant regional differentiations in the payment of tourist fees in Ukraine were revealed, as well as a decrease in almost all indicators of the development of the hospitality industry. Data from the World Travel and Tourism Council on the state of the hospitality industry in Ukraine are analysed. A reduction in the total contribution of travel and tourism to employment in Ukraine in 2020 to 6.3% was revealed. Directions and measures to strengthen the competitive advantages of the hospitality industry in the regions of Ukraine are identified. The conditions of activity of business entities of the hospitality industry are defined, which include flexibility and the ability to quickly adapt to modern market conditions, the introduction of safety and hygiene measures, optimization of business forms, the development of digital technologies, strengthening the role of healthy food, expanding the range of products and services of tourist regions, the rapid development of delivery services, orientation to environmental activities, strengthening the requirements for personnel qualifications, etc. It is proved that promising areas of increasing the competitive advantages of the hospitality industry in modern conditions are increasing the level of financing of the industry, intensifying the efforts of local governments to target the use of funds from the tourist fee on the ground, as well as the use of tools for strategizing and programming the development of the hospitality industry in regions, combining industry stakeholders into clusters, alliances, and so on. Keywords: competitive advantages, hospitality industry, regional development, tourist tax. JEL Classification L83 Formulas: 0; fig.: 3; tabl.: 1; bibl.: 14.