Features of profitability management by tourism industry organizations
Abstract. The article investigates specific features of profitability management by organizations in the tourism industry. At the present stage, the problem of building an improved profitability management mechanism is becoming urgent, which will make it possible to efficiently and rationally allocate free financial resources, plan your own activities and increase the stability of the organization in the face of constantly changing crisis phenomena. However, the instability of modern conditions for the functioning of hospitality organizations requires further investigation of a successful profitability management mechanism and a possible increase in the effectiveness of this indicator. The methodological basis of the study consists of comprehensive and complementary theoretical, empirical and practical research approaches.
Keywords: profitability management, profitability, tourism, tourism industry, development program.
Hightlightts:
♦ the methodological basis for calculating the profitability indicators of organizations in the tourism industry includes determining the volume and structure of income and expenses, analyzing financial indicators, taking into account the peculiarities of the tourism business and comparing it with competitors;
♦ the calculation of profitability indicators is carried out in order to obtain reliable information about the financial condition and efficiency of organizations and make informed decisions for the development and improvement of profitability in the tourism industry;
♦ profitability management is an integral part of strategic management in the tourism industry, it is a process that requires analysis, planning, control and continuous improvement;
♦ effective profitability management allows travel industry organizations, taking into account the specifics of the industry, such as seasonality of demand and a high degree of competition, to achieve their financial goals and ensure long-term success.
Elena P. Troshina, Elizaveta A. Nazarova - Samara State University of Economics, Samara, Russia