International Scientific Journals
of Scientific Technical Union of Mechanical Engineering "Industry 4.0"

The article reviews and evaluates the factors affecting the revenue management system in hotel facilities. Based on the statistical data of the State Statistical Committee of the Republic of Azerbaijan for 2005-2023, it is determined here that at the current stage of the digital economy in the globalized world economic system, the service sector is one of the fastest growing sectors compared to other sectors of the economy and responds faster to the socio-economic processes taking place globally. The article reviewed the one-time capacity, room stock, revenue from the sale of rooms and total revenue of hotel facilities of the Republic of Azerbaijan for 2006-2023, and calculated the RevPaR indicator, which expresses the efficiency of their services, for these years. The study also conducted a correlation and regression analysis between the RevPAR indicator and revenue from the sale of rooms of hotel facilities in the Republic of Azerbaijan, and determined the extent to which an increase in revenue from the sale of rooms increases the RevPAR indicator of hotel facilities.

The paper presents the research design of an international project focused on academic entrepreneurship culture and entrepreneurial education. The entrepreneurship is a key feature of the market economy and the democratic development of the countries, leading to better living standard. However, the entrepreneurial culture, knowledge and skills need to be upgraded in countries, who used to apply a planned economy approach. Thus, an examination of the current state of entrepreneurial culture is required and an approach for its development needs to be provided. The academic environment is the best place, where such an examination can be performed, and proposal can be elaborated. The current paper presents an international project, aiming to explore unrevealed strengths of academic entrepreneurship in detail and in various aspects oriented to students, academic staff, and businesspeople. The paper aims to present the scientific context in which the project is positioned and the research design of the project.

The paper presents a conceptual model for overcoming the consequences of the pandemic based on summarized results from research focused on societal challenges in Bulgaria caused by COVID-19. The study aims to submit a unified methodological framework for application by experts in researching, analyzing, and bench-marking the entrepreneurs’ activity and suggestions for applicable and reasonable measures in the field of business development during the pandemic situation caused by COVID-19. The findings of this research can assist managers in national institutions and business organizations to recognize the strengths and weaknesses of different measures which influence creativity and innovation and focus on proactive suggestions to overcome the negative consequences of the pandemic.

We live in a time of the Covid pandemic, when losses are being noticed in the car industry. Experts state that stabilization of the market is not expected before 2023. Data from the European Automobile Manufacturers Association (ACEA) showed that for the first time in 2021, hybrid electric cars were equalized with “diesels” on the European Union market. Last year, 1.901.239 new hybrid electric vehicles were registered on the common market. In April 2021, our capital Belgrade was awarded for the best Urban Mobility Plan. Our city has increased the safety of traffic participants, given priority to pedestrians and cyclists, reduced emissions and improved energy efficiency, while expanding pedestrian zones. The National Association of Autonomous and Electric Vehicles has launched a project aimed at increasing environmentally friendly traffic in Serbia. Eco 2 line of electric buses works in Belgrade from January 2022. And in Serbia, parts for Audi, Porsche and BMW will be produced in the “Motherson” factory, which was opened at the end of November 2021.

The combination of interests of TNCs and the state is considered. An assessment of the activities of the world’s largest TNCs. The dynamics of the number of TNCs in the top 100 companies in the world by country is determined. A comparative analysis of the size of market capitalization by sectors of companies. The contradiction between the international global nature of TNC operations and the territorially limited jurisdiction of the state was revealed. It was found that the market capitalization of multinational companies in the top 100 has decreased, but global companies have shown significantly better results than their smaller representatives have.

The digitization and automation of production and logistics technology as part of Industry 4.0 bring many positive aspects. They create the conditions for expanding production capacities, enforcing in a competitive environment by increasing productivity and quality of produced products, new opportunities and new customers, replacing people in dangerous operations and events. This paper deals with the changing perception of the need for digitization brought about by the COVID-19 pandemic.

Features of activity of the international airports of the world in the conditions of a pandemic are considered. The losses of the world’s airlines are given. The condition of aircraft manufacturers is assessed. The activity of the main international airports of Ukraine in recent years is analyzed. The programs of development of the international airports of Ukraine for the near future are considered.