Conference paper
https://doi.org/10.20867/thm.4.1.14
Investment in coastal hotels - limits and incentives
Antun Kobašić
; Fakultet za turizam i vanjsku trgovinu Dubrovnik, Sveučilište u Splitu, Hrvatska
Abstract
Hotels in coastal (resort) destinations operate under special circumstances differing widely from others. These circumstances are being influenced by various exogenous and endogenous factors according to which investments and hotel management has to be adjusted.
Business performance of adjustment depends on the strength of the influence on these circumstances, out of which one can specially distinguish: development level of the surroundings, microlocation, capital availability and its price, human resources, realistic market
possibilities. At the same time these circumstances make limits of investment, while stimulation emerges from entrepreneurial expectations and initiatives in society. Some examples from recent practice in Croatia are given for this reason.
Keywords
available capital; development of surroundings; market possibilities; limits; microlocations; profitability
Hrčak ID:
182112
URI
Publication date:
30.7.1998.
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