Development Impact of FDI in Hotel: Case Study of Terme Tuhelj in Croatia

Jože Perić; Maja Nikšić Radić

doi:10.6092/issn.2036-5195/5983

Authors

Jože Perić University of Rijeka

Full professor of the Faculty of Tourism and Hospitality Management in Opatija, the University of Rijeka, Croatia. He holds a PhD in economics, which is his main area of interest. Over the years, he has been professionally improving in various fields like: tourism, banking system transition, enterprise value assessment, development and strategic planning, and more. He has published several scientific articles, and has participated as scientific project manager or co-author of several research projects. He is a member of the Croatian Association of Economists, and member of the editorial board and editor of several journals.
Maja Nikšić Radić University of Rijeka

Assistant professor of the Faculty of Tourism and Hospitality Management in Opatija, the University of Rijeka, Croatia. She holds a PhD in international economics, which is her main area of interest. Over the years, she has been professionally improving in fields like: tourism FDI, FDI and economic growth, FDI and sustainable development, and more. She has published several scientific articles and participated in numerous scientific conferences.

DOI:

https://doi.org/10.6092/issn.2036-5195/5983

Keywords:

FDI, Tourism, Development Impact, Terme Tuhelj

Abstract

The main objective of this study is to assess the development impact of foreign direct investment (FDI) in tourism in the case of foreign-owned hotel on the micro-location of Croatia. As an example of this study, the FDI in the Terme Tuhelj, a hotel complex which is located in the area of small local government in the continental Croatia, is choosen. The research methodology is based on questionnaires, unstructured interviews and processing of secondary data sources. The research results show that Terme Tuhelj became the engine of growth of Tuhelj municipality and Krapina-Zagorje County. The Terme Tuhelj example showed how a foreign-owned hotel, in less developed country, has a significant development impact on the local economy.

References

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Development Impact of FDI in Hotel: Case Study of Terme Tuhelj in Croatia

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