engleski

Opportunities and Risks of Sale-Leaseback Model in Croatian Tourism

Authors examine the evolution of a sale-leaseback concept in hotel industry and possible models of its implementation. Since various stakeholders are involved in the sale-leaseback in the hotel industry, the article analyses advantages and disadvantages for all the parties involved. The authors point out the basics of the sale-leaseback concept in the hotel industry from the perspective of stakeholders' economy in the country whose tourism volumes are presently in a growth stage, due to the increase of the country's attractiveness on an international tourism market. The case of Croatia has been used in order to elaborate the opportunities and risks connected with the application of a sale-leaseback model as a tool for hotel industry development. The paper confirms the hypotheses that the sale-leaseback model could become a viable tool that will generate growth of hotel industry in upscale market segment. The prerequisite is to implement principles of sustainable development and design and operate the mixed-use complexes in a professional way. Furthermore, the article points out that this "light asset" strategy can be used as an appropriate concept for the tourism development even in the countries that pay special attention to the preservation of space as a vital resource needed for tourism development.

Sale-leaseback; hotel industry; investors; hotel operators; tourism planning

Sazetak rada objavljen je u Knjizi sažetaka / Ivan Lovrinović ; Jurica Šimurina ; Lovorka Galetić (ur.).