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Macroeconomic Environment and Greenfield Foreign Direct Investment of Hotel Brands (CROSBI ID 234302)

Prilog u časopisu | izvorni znanstveni rad | međunarodna recenzija

Perić, Jože ; Nikšić Radić, Maja Macroeconomic Environment and Greenfield Foreign Direct Investment of Hotel Brands // Ekonomski vjesnik, 29 (2016), 2; 468-485

Podaci o odgovornosti

Perić, Jože ; Nikšić Radić, Maja

engleski

Macroeconomic Environment and Greenfield Foreign Direct Investment of Hotel Brands

The powerful attraction of foreign direct investment (FDI) is particularly important for further development of tourism. The strategically focused attraction of FDI in tourism has a much higher significance because of the multiple effects in relation to other segments of the economy. In this context, it is necessary to highlight the investment engagement and the presence of globally branded luxury hotels. The purpose of the study is to assess the macroeconomic environment, the effects of greenfield FDI in tourism and, consequently, the presence of global hotel brands using the comparative analysis of the selected countries as the methodological basis of this study. The research results indicate that a favorable macroeconomic environment plays an important role in attracting foreign capital. Countries that have a more favorable macroeconomic environment attract more greenfield FDI, and provide a greater presence of global hotel brands, and thus greater competitiveness. Also, the political stability, the encouraging macroeconomic business conditions, the elimination of administrative and legislative barriers, the elimination of the country's image as a corrupt destination and tourism staff education at all levels are particularly important for FDI in tourism.

Greenfield foreign direct investment (FDI) ; macroeconomic environment ; tourism ; global hotel

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Podaci o izdanju

29 (2)

2016.

468-485

objavljeno

0353-359X

1847-2206

Povezanost rada

Ekonomija

Poveznice
Indeksiranost