Selected Financial Factors of Tourism in the Slovak Republic

Dana Orszaghova – Slovak University of Agriculture in Nitra, Faculty of Economics and Management, Tr. A. Hlinku 2, 949 76 Nitra, Slovak Republic

Abstract: Tourism is one of the economic sectors extremely affected by the COVID-19 pandemic on a global scale. In addition to the rapid reduction of fi­nancial income from tourism, the negative impact caused the lack of employ­ees who evaluated this sector as risky and sought employment in another sec­tor. The main goal of this paper is to evaluate selected financial factors of tour­ism with a focus on post-pandemic changes in the conditions of the Slovak Re­public. During the pandemic, there was a significant drop in the number of visitors to accommodation facilities, specifically between 2019 and 2020 there was a drop of 50%. Revenues from tourism in 2020 decreased by an average of 60% compared to 2019. Comparing results in the period before and after the pandemic brought positive information about the restart of domestic tourism in Slovakia and also about increasing revenues of active and passive tourism.

7th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2023 – Conference Proceedings, Hybrid (Faculty of Organization and Informatics Varaždin, University of Zagreb, Croatia), October 26, 2023

ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2023 Conference Proceedings: ISBN 978-86-80194-75-2, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2023

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission.

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