Review article
https://doi.org/10.20867/thm.3.2.12
Privatization of Croatian hotel industry, situation and difficulties
Jože Perić
; Faculty of tourism and hospitality management, University of Rijeka, Opatija, Croatia
Abstract
Within last years there where no essential changes in privatization of Croatian hotel industry. In the ownership structure dominate State (funds) and subjects (banks, insurance companies, INA...) mostly owned by State (funds). It is more evident the interdependence between privatization and social transition, specially economic and political, as a whole. Between the limits is the insufficient domestic accumulation and humble inflow of foreign direct investments.
Specific difficulties come out from the estimated value of enterprises in hotel industry, their economic efficiency, restructuration and absents of the new ideas and models in privatization.
The dominant owners (State) should define the Program of consolidation and privatization based on the new evaluation of the nature and capital profitability.
Keywords
hotel industry; ownership structure; difficulties; Program of privatization
Hrčak ID:
182334
URI
Publication date:
30.12.1997.
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