Montenegro’s Road to Sustainable Tourism Growth and Innovation

Julija Cerović Smolović, Sanja Janketić, Danijela Jaćimović, Maja Bučar and Metka Stare
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Julija Cerović Smolović: Faculty of Economics, University of Montenegro, 81000 Podgorica, Montenegro
Sanja Janketić: Faculty of Economics, University of Montenegro, 81000 Podgorica, Montenegro
Danijela Jaćimović: Faculty of Economics, University of Montenegro, 81000 Podgorica, Montenegro
Maja Bučar: Faculty of Social Science, University of Slovenia, 1000 Ljubljana, Slovenia
Metka Stare: Faculty of Social Science, University of Slovenia, 1000 Ljubljana, Slovenia

Sustainability, 2018, vol. 10, issue 12, 1-20

Abstract: Tourism is the most important export sector in Montenegro, with a share of 22% of the total Gross Domestic Product (GDP) and a strong tendency toward growth. Tourism revenues contribute substantially to both the current account balance and employment. However, the current level of the tourist sector suffers from serious limitations. The switch from the current approach to tourism in Montenegro to a more sustainable tourism is only possible by becoming more innovative. Highlighting the importance of innovation in all its forms has been the motivation for our research. The application of the organizational, marketing, and design innovations of the Montenegrin tourism industry actors was examined in a survey, based on the Community Innovation Survey (CIS), with some necessary adaptations. The sample covered more than 70% of available tourism actors. The authors also analysed the experience from Slovenia, in particular the Slovenian example of the Bank of Tourism Potentials, finding this innovation potentially suitable for transfer to Montenegro. Based on the survey and analysis, the team designed certain recommendations for policy action that can be used as guidelines for policy makers.

Keywords: sustainable tourism growth; Montenegro; non-technological innovation; Slovenia; policy recommendations (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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