Bioeconomy and Social Responsibility in The Sustainable Hotel Industry
Claudia Gabriela Baicu,
Iulia Monica Oehler-Sincai,
Olimpia State and
Delia Popescu ()
Additional contact information
Claudia Gabriela Baicu: Spiru Haret University, Bucharest, Romania
Iulia Monica Oehler-Sincai: Institute for World Economy, Romanian Academy, Bucharest, Romania
Olimpia State: Bucharest University of Economic Studies, Romania
Delia Popescu: Bucharest University of Economic Studies, Romania
The AMFITEATRU ECONOMIC journal, 2019, vol. 21, issue 52, 639
The aim of this article is to investigate strategies and practices of bioeconomy implemented by hotels in Romania in the context of increasing area and scale of corporate social responsibility initiatives worldwide. After presenting the conceptual framework necessary for the present investigation and selecting the most relevant papers from the literature, the research focuses on Romania’s experience through: statistical analyzes, the investigation of hotel websites regarding social responsibility and bioeconomy practices and a semi-quantitative study having as a research tool the individual semi-structured interview with hotels representatives. The Romanian market underscores relevant contrasts between four and five star hotels and the others categories. Hotels in the first category, often belonging to international chains, benefit from the strategies of sustainable development and social responsibility within the group, in contrast with other hotels. The investigation concludes that, as long as social responsibility continues to have a voluntary character, there will be a limited number of best practices as regards developing bioeconomy in the Romanian hotel industry. Consequently, we propose the introduction of legislative measures to stimulate all companies, regardless of size, to report non-financial information, as well as raising awareness and education in the direction of promoting the bioeconomy.
Keywords: social responsibility; bioeconomy; sustainable hotel industry; sustainable business. (search for similar items in EconPapers)
JEL-codes: M14 Q01 Q57 Z32 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:aes:amfeco:v:21:y:2019:i:52:p:639
Access Statistics for this article
More articles in The AMFITEATRU ECONOMIC journal from Academy of Economic Studies - Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Valentin Dumitru ().