Digital Transformation of Enterprises of the Hospitality Industry: Global Experience and Prospects

Abstract:

The digital platform acts as a catalyst for the economics, the initiation of which in any industry leads to a significant reduction in costs and acceleration of operating cycles. The hospitality industry is regarded as one of the most attractive, actively developing business areas and company executives have an acute problem of forming a new management system that meets the challenges of the global digital environment. The article discusses the conceptual aspects of digital transformation of enterprises, as well as pilot implementation projects in the hotel and restaurant business of the industry 4.0. It has been conducted the analysis of the current state and prospects of development of the digital economy in the industry, The mechanisms of adaptation to the problems and opportunities of the digital transformation of the hospitality industry have been investigated, allowing enterprises to organize effective management and increase their competitiveness.