Economic Strategizing and Integration Management of Hotel and Restaurant Business Enterprises in the Hospitality Industry System

Abstract

In the modern conditions of the development of a market economy, business entities have discovered new characteristics and have become more flexible, focused on consumers of goods and services, relying on sound development strategies. Strategic management is the basis of business in the 21st century. This paper examines the problem of strategic planning and forecasting of corporate activities in the hotel and catering market. Among them: discrepancies in background forecasts, the dependence of indicators on the human factor and the level of qualification of hotel and catering workers, the lack of unified and reliable statistical information. Based on the study of various methods for defining such categories as “strategy”, “forecast” and “planning”, we have made our own definitions of such concepts as “strategy”, “entrepreneurial strategic planning” and “entrepreneurial strategic forecasting” and provide explanations based on the specific circumstances of the hotel industry. A scheme for developing a hotel and restaurant business strategy is proposed. According to this scheme, all strategies, depending on their type, can be divided into three groups. The first group includes strategies, in the development of which only the planning process is used, the second group includes strategies, the distinguishing feature of which is the presence of only the forecasting process, and the third group includes strategies, the development of which includes the planning process and the forecasting process. In this, both strategic planning and strategic forecasting can be both a stage of strategy development and its final result