Improvement of Foreign Exchange Risk Management in Tourism and Hospitality Industry Enterprises

Authors

DOI:

https://doi.org/10.5281/zenodo.7402526

Keywords:

Tourism and hospitality industry, Efficiency, Mechanism, Development, Program

Abstract

The study takes a look at the approaches to the foreign exchange risk management of tourism and hospitality industry enterprises as the expansion of foreign economic activity requires improving the efficiency of managing such risks. Transfer pricing is considered one of the most effective methods for regulating foreign exchange risk. The conceptual principles of foreign exchange risk management are developed with consideration of the place and goals of an enterprise in the tourism and hospitality industry, as well as the features of the internal and external environments, that create the prerequisites for increasing the efficiency of the organizational and economic mechanism. It is concluded that approaches to developing a program to improve the efficiency of managing risks under study determine the optimal combination of organizational and software-integrated aspects that reduce the level of risk to the optimum, given a steady increase in competitiveness and profitability.

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Author Biographies

Larisa Skabeeva, Russian State University of Tourism and Service, Moscow Region, Russia.

Candidate of Pedagogic Sciences, Russian State University of Tourism and Service, 99 Glavnaya str., Cherkizovo, Pushkinsky District, Moscow Region, 141221, Russia.

Marina Shaliapina, Immanuel Kant Baltic Federal University, Kaliningrad, Russia

Candidate of Economic Sciences, Immanuel Kant Baltic Federal University, 14 A. Nevskogo str., Kaliningrad, 236016, Russia.

Nataliia Panova, Moscow Polytechnic University, Moscow, Russia.

Candidate of Economic Sciences, Moscow Polytechnic University, 38 Bolshaya Semenovskaya str., Moscow, 107023, Russia.

Elena Nikolskaya, Plekhanov Russian University of Economics, Moscow, Russia.

Candidate of Economic Sciences, Plekhanov Russian University of Economics, 36 Stremyannyi Lane, Moscow, 117997, Russia.

Olga Lebedeva, Financial University under the Government of the Russian Federation, Moscow, Russia.

Candidate of Economic Sciences, Financial University under the Government of the Russian Federation, 49 Leningradsky Avenue, Moscow, 125167, Russia.

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Published

2022-11-30

How to Cite

Skabeeva, L., Shaliapina, M. ., Panova, N. ., Nikolskaya, E. ., & Lebedeva, O. . (2022). Improvement of Foreign Exchange Risk Management in Tourism and Hospitality Industry Enterprises. Anais Brasileiros De Estudos Turísticos, 12(Special Issue). https://doi.org/10.5281/zenodo.7402526

Issue

ABET, Vol. 12, Special Issue (2022): "Special Issue of Collected Papers from Russia and Eurasia: Tourism in an Eastern Context and Perspective"

Section

SPONTANEOUS DEMAND PAPERS RELATED TO THE ISSUE

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Copyright (c) 2022 Anais Brasileiros de Estudos Turísticos

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