engleski

Return on strategic effectiveness - the need for synchronizing growth and development strategies in the hotel industry using revenue management

The purpose of this paper is to identify the essential determinants, and highlight the importance, of synchronizing the growth and development strategies of hotel companies. The paper aims to analyse preconditions to successful and stable business performance and customer loyalty. The paper is based on the hypothesis that strategic and organizational effectiveness helps to create preconditions to stable business in the future, which is reflected in satisfactory growth, financial strength and solvency and results in creating added value. The five-year financial data of three hotel companies with similar business orientation from Istria County (Croatia) were used to test the model for synchronizing growth and development strategies in the hotel industry and the fuzzy logic-based growth-development synchronization coefficient. The model was tested on multi-annual results (the period 2010- 2014), and conclusions and recommendations were made for a future work.

revenue management ; strategic effectiveness ; fuzzy model ; pricing ; hotel management

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