WORLD LUXURY HOTELS AND KEY FINANCIAL RATIOS/PRICES/TRENDS ANALYZE
This article analyses the world’s luxurious hospitality industry and hospitality market development up to 2022, providing an example of current prices for the world’s most expensive hotel suites as well as key financial ratio analysis. In this article the authors analyzed useful tools a stakeholder can use to analyze companies within the hospitality industry and trends up to 2022. The authors of the article also analyzed the valuable experience of successful hotel chain owners, which should be equal to Ukrainian hoteliers. The hospitality industry is heavy in fixed and tangible assets and therefore require a very specific set of financial ratios to accurately analyze the industry and come to conclusions based on the performance of each individual company. The luxury hotel industry in many countries has been in place for decades and is now steadily developing. As a result, millions of jobs are created which has a positive effect on the state's economy. With our current conditions, tourism can and must become a major driving force behind the formation of a market economy mechanism and the receipt of significant funds in the budget. The authors have a strong belief that this article will change the Ukrainian hospitality market and the Ukrainian government should take serious steps and responsibility to help cultivate and grow favorable conditions for attracting funds from foreign investors to help develop and improve the stagnate state of the hotel market of the country. The findings of this study may provide hotel owners and investors as well as future researchers and academics with new insights based on past studies as well as ideas for future research and business development. Using successful examples from other well-developed countries is a perfect way to learn and study the situation from the inside and apply this valuable experience in our country. Improving the legislative framework, stabilizing the political situation, government regulation and improving economic conditions will all contribute to the success of the luxury hotel business in Kharkiv and Ukraine as a whole.
Keywords: luxury hotels suites, world’s most expensive hotels, financial ratios, trends
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