Effects of Inflation on Gastronomic Establishments

@inproceedings{64466,
   author = {Botlíková, Milena and Botlík, Josef and Stuchlíková, Jana},
   address = {Žilina},
   booktitle = {22th International Scientific Conference Globalization and its Socio-economic Consequences,},
   editor = {Kliestik Tomáš},
   keywords = {gastronomy; inflation; Czech Republic; demand},
   howpublished = {elektronická verze "online"},
   language = {eng},
   location = {Žilina},
   isbn = {978-80-8154-332-6},
   pages = {95-103},
   publisher = {Žilinská univerzita v Žilině},
   title = {Effects of Inflation on Gastronomic Establishments},
   url = {https://globalizacia.com/wp-content/uploads/2023/02/Globalizacia_2022.pdf},
   year = {2022}
}

TY  - JOUR
ID  - 64466
AU  - Botlíková, Milena - Botlík, Josef - Stuchlíková, Jana
PY  - 2022
TI  - Effects of Inflation on Gastronomic Establishments
PB  - Žilinská univerzita v Žilině
CY  - Žilina
SN  - 9788081543326
KW  - gastronomy
KW  - inflation
KW  - Czech Republic
KW  - demand
UR  - https://globalizacia.com/wp-content/uploads/2023/02/Globalizacia_2022.pdf
N2  - Research background: The previous two summers, i.e., the summers of 2020 and 2021, were not very favorable for tourism. According to the media and researchers, the global Covid-19 pandemic has hit tourism the hardest of all industries. After the forced closure of tourist businesses and countries, the war in Ukraine has hit the global economy, bringing many problems to the global world. Currently, the gastronomy sector, as one of the components of the tourism industry, faces not only a lack of qualified labor but also an energy crisis and rising inflation, which fundamentally affect the competitiveness of businesses and the demand for gastronomic services. After the initial positive development after the pandemic, due to inflation, the hospitality services market is once again in trouble, and this development can be liquidated for many businesses. Purpose of the article: The purpose of this article is to analyze the development of factors that influence the activity of gastronomic services in the Czech Republic, primarily in the context of the development of the price level and then the connection between the development of inflation and the number of visitors to restaurant establishments. Methods: The research results will be based on the comparison of hard data, which will be processed using mathematical-statistical data. The basis for the analysis and comparison was quarterly data for the period 2019–2022 from the Eurostat database, the Czech Statistical Office, etc. Furthermore, the conclusions will be supported by primary research clarifying attitudes towards restaurant attendance at a time of increasing inflation. Findings & Value added: Although there is an increase in sales in gastronomy, it is clear that this increase is caused by an increase in prices. Increasing consumer prices in the hospitality industry and the financial burden of meeting basic needs lead to a decrease in demand for restaurant services. The decrease in attendance is also the result of the formation of new habits that were already formed during the global Covid pandemic.
ER  - 

BOTLÍKOVÁ, Milena, Josef BOTLÍK a Jana STUCHLÍKOVÁ. Effects of Inflation on Gastronomic Establishments. Online. In Kliestik Tomáš. \textit{22th International Scientific Conference Globalization and its Socio-economic Consequences,}. Žilina: Žilinská univerzita v Žilině, 2022, s.~95-103. ISBN~978-80-8154-332-6.