The Current State of Business Environment in Slovakia and Its Impact on Tourism Enterprises

Lubica Sebova (), Tomas Sokologorsky and Radka Marcekova
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Lubica Sebova: Matej Bel University
Tomas Sokologorsky: Matej Bel University
Radka Marcekova: Matej Bel University

A chapter in Recent Advancements in Tourism Business, Technology and Social Sciences, 2024, pp 297-312 from Springer

Abstract: Abstract The business environment is constantly changing. It is mainly influenced by political, economic, technological, and environmental factors. It is therefore necessary to constantly monitor and adapt to the current situation. If there is a good business environment in a country, the country's competitiveness increases, and the market economy grows. The business environment affects all sectors of the national economy, the impact is two-sided. It creates a competitive environment for business and, given the right conditions, attracts foreign investors. The business environment is influenced by several internal and external factors, which are constantly changing. The paper focuses mainly on the political, economic, technical, social, legal and environmental factors (PESTEL analysis) that influence the business environment, with an emphasis on tourism. Although several studies deal with the business environment, almost none of them identify the tourism sector. The object of study are tourism enterprises in Slovakia. The subject of the study is the current business environment in tourism in Slovakia. The aim of the paper is to examine the current state of the business environment in tourism in Slovakia and to define possible opportunities for its further development.

Keywords: Business environment; Tourism; Tourism enterprise (search for similar items in EconPapers)
JEL-codes: L83 Z32 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:prbchp:978-3-031-54342-5_18

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DOI: 10.1007/978-3-031-54342-5_18

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