Journal of Scientific Papers


© CSR, 2008-2019
ISSN 2071-789X

91th percentile
Powered by  Scopus

Directory of Open Access Journals (DOAJ)

Strike Plagiarism

  • General Founder and Publisher:

    Centre of Sociological Research


  • Publishing Partners:

    University of Szczecin (Poland)

    Széchenyi István University, (Hungary)

    Mykolas Romeris University (Lithuania)

    Alexander Dubcek University of Trencín (Slovak Republic)

  • Membership:

    American Sociological Association

    European Sociological Association

    World Economics Association (WEA)




Factors influencing business environment within travel and tourism competitiveness

Vol. 14, No 4, 2021

Petra Vasanicova


University of Prešov,

Prešov, Slovakia


ORCID 0000-0001-7353-2057

Factors influencing business environment within travel and tourism competitiveness


Sylvia Jencova


University of Prešov,

Prešov, Slovakia 


ORCID 0000-0002-0736-0880

Beata Gavurova


Corresponding Author

Technical University of Košice,

Košice, Slovakia


ORCID 0000-0002-0606-879X

Radovan Bacik


University of Prešov,

Prešov, Slovakia 


ORCID 0000-0002-5780-3838 


Abstract. Business environment is an essential indicator of a country's competitiveness in general, and in the tourism field in particular. The aim of this paper is to examine whether indicators of the Business Environment pillar of the Travel and Tourism Competitiveness Index (TTCI) share common factors. We use TTCI data of seven indicators obtained from World Economic Forum’s Executive Opinion Survey for 119 countries during 2017 and 2019. Factor analysis shows two common factors, namely General legislative conditions (protection of property rights, regulations on foreign direct investment, indicators of legal and judicial systems, and market dominance) and Taxation (specifically, its extent and effect on incentives to work and invest). Data of TTCI show that overall Switzerland, Singapore, Hong Kong, and Finland have the best business environment. Contrastingly, doing business is most difficult in Venezuela, Bolivia, and Mauritania. The specific findings are very similar for both analysed years. The results of this study could be useful in any attempts to manage the business environment in travel and tourism.


Received: February, 2021

1st Revision: March, 2021

Accepted: October, 2021


DOI: 10.14254/2071-789X.2021/14-4/15

JEL ClassificationL83, Z38, L59

Keywords: business environment, competitiveness, tourism, index, taxation, legislative conditions, factor analysis