Naslov
The Financial Implications of Cruise Tourism on Destination Port: the Case of Dubrovnik Port Authority
(The Financial Implications of Cruise Tourism on Destination Port: the Case of Dubrovnik Port Authority,)

Autori
Svilokos, Tonći ; Vojvodić, Katija

Izvornik
Journal of International Scientific Publications : Economy & Business (1314-7242) 5 (2012), 1; 496-509

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
cruise tourism; analysis of financial statements; financial indicators; Dubrovnik Port Authority

Sažetak
With the development of the cruise sector as a whole and the ever-increasing cruise traffic, both homeport and destination ports realize a significant contribution to the economic development of a destination. Cruise tourism has many direct and indirect financial effects on the economy of a destination port. The main objective of the paper is to analyze the part of the direct financial effects, primarily those realized by the Port Authority, which provides various port services for the cruise vessels calling at the port. In the context of the cruise market, Dubrovnik is the leading Croatian destination port. Consequently, the paper uses the case study of Dubrovnik Port Authority to identify these relations. The methodology is based on the analysis of financial statements, i.e. profit and loss account and balance sheet. In that sense, relevant financial indicators have been calculated and the results obtained have been compared with the dynamics of port activities associated with the cruise tourism. Standard statistical methods including descriptive and inferential statistics have been applied. The paper also deals with the issue of seasonality the port of Dubrovnik is facing, as well as most of the other Mediterranean ports. In that context, both ship and passenger congestion is a matter of growing concern. In order to overcome the problem, the emphasis must be placed upon the extension of the cruise season. A strong cooperation between different authorities is increasingly becoming a necessity in order to encourage the development of cruise passenger traffic and to achieve competitive advantages over the ever-increasing number of new cruise ports.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA