Regional Dynamics in Hotel Industry Development: Empirical Evidence from Uzbekistan’s Tourism Sector
Keywords:
Uzbekistan; hotel industry; regional development; tourism; foreign investment; panel data; digital infrastructure; hospitality policy
Abstract
This study examines the factors that influence the development of the hospitality industry in various regions of Uzbekistan from 2015 to 2023. It evaluates hotel capacity and revenue under a fixed-effects panel data model by means of tourist arrivals, foreign direct investment, government subsidies, digital infrastructure, and skilled labour availability. While macroeconomic stability and urbanisation improve regional growth, the results show that all important factors positively and significantly affect hotel industry performance. The COVID-19 epidemic had a transitory but major harmful impact. These findings provide evidence-based direction for focused policy initiatives to support equitable and sustainable development in Uzbekistan's hotel sector.
References
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[2] R. Goel, “Evaluating the impact of sustainable practices on hotel performance and local development in Uzbekistan,” Central Asian Journal of Innovations on Tourism Management and Finance, vol. 5, no. 6, pp. 332–341, 2022.
[3] G. Golisheva, Tourism in Uzbekistan: Development and prospects, Tashkent: Uzbektourism, 2012.
[4] U. Gretzel, M. Sigala, Z. Xiang, and C. Koo, “Smart tourism: Foundations and developments,” Electronic Markets, vol. 25, no. 3, pp. 179–188, 2015. doi: 10.1007/s12525-015-0196-8.
[5] S. T. Kapiki and M. Turakulov, “Development prospects of Uzbekistan’s tourism and hospitality industry by utilising the EU experience,” SSRN Electronic Journal, 2015. doi: 10.2139/ssrn.2546187.
[6] KONGRES Magazine, “Accor introduces its first hotel in Uzbekistan,” KONGRES Magazine, Dec. 2022. Available: https://kongres-magazine.eu/2022/12/accor-introduces-its-first-hotel-in-uzbekistan/
[7] Y. Li, C. Hu, C. Huang, and L. Duan, “The concept of smart tourism in the context of tourism information services,” Tourism Management, vol. 58, pp. 293–300, 2017. doi: 10.1016/j.tourman.2016.03.014.
[8] Scientists.uz, “The influence of higher education on the development of the tourism and hospitality sector in Uzbekistan,” Scientists.uz Journal, vol. 6, no. 1, pp. 45–52, 2024.Available: https://scientists.uz/uploads/2024010/B-17.pdf
[9] UNWTO, “World tourism barometer and statistical annex,” World Tourism Organisation, 2020. Available: https://www.unwto.org/unwto-world-tourism-barometer
[10] UNWTO, “Impact assessment of the COVID-19 outbreak on international tourism,” World Tourism Organisation, 2021.Available: https://www.unwto.org/covid-19-and-tourism-2021
[11] World Bank, “Financing sustainable tourism development,” The World Bank Group, 2020. Available: https://openknowledge.worldbank.org/handle/10986/36048
[12] World Scientific News, “The measures to ensure the rapid development of tourism in the Republic of Uzbekistan,” World Scientific News, vol. 77, pp. 1–10, 2017.
[13] B. Mihalic, “Sustainable-responsible tourism discourse – Towards ‘responsible’ tourism,” Journal of Cleaner Production, vol. 111, pp. 461–470, Jan. 2016. doi: 10.1016/j.jclepro.2014.12.062.
[14] J. Gossling and S. Hall, “Uncertainties in predicting tourist flows under scenarios of climate change,” Climatic Change, vol. 79, no. 3–4, pp. 163–173, 2006.
[15] H. Peeters, “Corporate social responsibility in tourism: Practices and impacts in Uzbekistan,” Tourism Economics, vol. 28, no. 4, pp. 891–910, 2022. doi: 10.1177/13548166211059711.
Published
2025-05-13
How to Cite
Sardor, K. (2025). Regional Dynamics in Hotel Industry Development: Empirical Evidence from Uzbekistan’s Tourism Sector. Central Asian Journal of Innovations on Tourism Management and Finance, 6(3), 693-700. https://doi.org/10.51699/cajitmf.v6i3.908
Section
Articles
Copyright (c) 2025 Kuvandikov Sardor
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