IMPACT OF COVID-19 PANDEMIC ON TOURISM MANAGEMENT IN V4 COUNTRIES

Costs are inherent in all aspects of each company. Some of the most noticeable costs of business are the costs associated with storage, transportation, distribution, and management of the company's products. In this case, these costs can be significantly reduced by the use of the services of logistics centers, which specialize in trading all kinds of goods. The purpose of this article is to show how the transfer of logistical supplies from the distribution center contributes to a significant reduction in costs incurred by the company, streamlines its operation, and optimizes management processes. The emergence of the COVID-19 pandemic in early 2020 caused significant disruptions in worldwide businesses, none more so than the tourist industry. This study dives into the varied reaction methods and management measures used by the Visegrad Group (V4) nations - the Czech Republic, Slovakia, Poland, and Hungary - in navigating the challenges posed by the pandemic to their respective tourist businesses. Despite some data limitations, the study's novelty lies in its thorough evaluation of tourism financial development indicators across selected EU countries from 2012 to 2021, offering tailored strategies for each country's economic profile and providing valuable insights for stabilizing the tourism industry. Furthermore, this study seeks to uncover best practices and strategic insights taken from the V4 nations' experiences, providing a contextualized blueprint for future crisis management in the tourist sector. The findings not only add to the scholarly debate on crisis resilience in the tourist sector, but they also give concrete advice for policymakers, industry stakeholders, and destination managers dealing with the pandemic's long-term repercussions.