FINANCIAL MECHANISMS AND INVESTMENT RISK ASSESSMENT FOR IMPLEMENTING PUBLIC-PRIVATE PARTNERSHIPS IN SUSTAINABLE TOURISM UNDER WARTIME CONDITIONS

This paper develops a financial and risk-based analytical framework for evaluating the feasibility of public-private partnerships (PPPs) in the sustainable tourism sector of Ukraine under wartime conditions. The study focuses on identifying viable financial mechanisms, investment instruments, and risk mitigation strategies that can ensure the continuity and recovery of tourism infrastructure amid fiscal constraints and security challenges. The proposed methodology integrates institutional, economic, financial, and social indicators with quantitative tools for risk assessment, including the Risk Priority Number (RPN) method and multi-criteria evaluation, to form a composite index of financial and investment readiness for PPP implementation.Empirical data were derived from official statistics, regional development programmes, and expert surveys involving 112 specialists from government, academia, and industry. The findings reveal significant regional differentiation in both financial capacity and risk exposure. Western regions such as Lviv, Ivano-Frankivsk, and Transcarpathia demonstrate strong investment potential and resilience (0.70–0.87), while central regions exhibit moderate readiness (0.55–0.69) and southern and eastern regions face critical financial and security constraints (