Energy Sustainability and Its Impacts on Croatian Tourism

Marinela Krstinic Nizic (), Zvonimira Sverko Grdic () and Renata Endres ()
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Marinela Krstinic Nizic: University of Rijeka, Faculty of Tourism and Hospitality Management in Opatija, Croatia
Zvonimira Sverko Grdic: University of Rijeka, Faculty of Tourism and Hospitality Management in Opatija, Croatia
Renata Endres: University of Rijeka, Faculty of Tourism and Hospitality Management in Opatija, Croatia

Croatian Economic Survey, 2017, vol. 19, issue 2, 83-104

Abstract: Energy efficiency, renewable energy sources, and environmental protection projects play a pivotal role in tourism. The World Tourism Organization (UNWTO) addresses resource management and energy use as one of the major issues. The main goal of the paper is to present the economic-financial analysis and the assessment of investment projects in the construction of a conventional mid-size hotel using fossil fuels and a mid-size hotel based on sustainable principles and renewable energy sources. Comparative analysis of conventional and energy-efficient hotels is used to calculate the key financial indicators in decision-making. Case study shows that the introduction of renewable energy sources meets the needs of modern guests and increases the hotel's competitiveness, while the effects of energy sustainability reflect on the environment and reduced CO2 emissions. Based on the results, the paper suggests measures for improving energy sustainability in hotels and other tourism facilities. The paper is intended for those who deal with theoretical and practical issues of energy sustainability in tourism, tourism certificates, renewable energy sources and investment costs-scientists, researchers, PhD candidates and students as a basis for further comparative studies and benchmarking. It can also be useful for a considerably wider circle of users-managers at all levels and other business decision makers, as well as proprietors, investors, and creditors.

Keywords: energy sustainability; hotel industry; ecological certificate; CO2 emission; investment costs; energy efficiency measures (search for similar items in EconPapers)
JEL-codes: O13 P28 Q01 Q50 Z32 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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