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Risks in the hotel business and ways to reduce them

Abstract

In modern conditions, it is necessary and very important to have qualitative and quantitative development of hospitality sphere for Kazakhstan. Any hotel enterprise is exposed to risks related to its production, commercial, intermediary and other economic activities. The risk factor forces hotel executives to save financial and material resources, and to calculate the effectiveness of new projects. It determines the risk of loss of resources or income shortfalls compared to rational use of resources. Therefore, under the influence of threats and risks, the hotel company is forced to constantly improve its defense mechanisms. The risk in the activity of a hotel enterprise is the likelihood that an enterprise incurs losses or expenses in the case of a management decision being made, but not carried out, or if an error was made there. It is also necessary to take into account both force majeure circumstances or circumstances of undeterminable strength, as they differ from other types of risks by more serious and global consequences. In the article the authors give a classification of risks in the hotel and restaurant business. The main types of risks, negative consequences of their manifestation are considered. The analysis of risks of the enterprises of hotel business of Kazakhstan is carried out. Possible ways to minimize them are identified. Recommendations for localization and neutralization of hospitality risk factors have been developed.

About the Authors

ZH. B. Rakhmetulina
L.N. Gumilyov Eurasian National University
Kazakhstan


A. . Omurzakov
L.N. Gumilyov Eurasian National University
Kazakhstan


References

1. Барчуков И.С. Гостиничный бизнес и индустрия размещения туристов: учеб. пособие. - М.: КНОРУС, 2013. - 168 c.

2. Glusshenko V.V. and Glusshenko I.I. Finance. Financial Risk Management. - М., 1998. - P. 299.

3. Иванов A.A. Риск-менеджмент: учеб. пособие. - М.: Изд. центр ЕAОИ, 2008.


Review

For citations:


Rakhmetulina Zh.B., Omurzakov A. Risks in the hotel business and ways to reduce them. Bulletin of "Turan" University. 2018;(2):199-203. (In Russ.)

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ISSN 1562-2959 (Print)
ISSN 2959-1236 (Online)