THE ROLE OF INTERNATIONAL HOTEL BUSINESS IN GLOBAL ECONOMY AND FEATURES OF DEVELOPMENT
Keywords:
Key words: International hotel industry , Global economy , Tourism development, Hospitality management , Sustainable practices , Digital transformation , Economic growth.Abstract
Abstract. The international hotel business plays a significant role in shaping the
global economy by facilitating tourism, creating employment opportunities, and
fostering cross-cultural exchange. As one of the most dynamic sectors of the service
industry, hotels contribute to GDP growth, attract foreign investment, and stimulate the
development of related industries such as transportation, catering, and entertainment.
In recent decades, globalization has accelerated the expansion of international hotel
chains, enabling standardized services, technological innovation, and sustainable
practices across diverse markets. This study analyzes the economic impact of the
international hotel business, highlighting its contribution to national competitiveness
and regional development. It also examines key features of the sector’s evolution,
including digital transformation, ecological responsibility, and the growing demand for
personalized guest experiences. The findings suggest that the international hotel
industry is not only a driver of economic growth but also a catalyst for cultural
integration and sustainable development in the global economy.
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