POSSIBILITIES OF FINANCIAL SUPPORT TO SMALL AND MEDIUM HOTEL COMPANIES IN SERBIA

Dragoljub Barjaktarovic () and Lidija Barjaktarovic
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Dragoljub Barjaktarovic: University Singidunum Belgrad, Serbia
Lidija Barjaktarovic: University Singidunum Belgrad, Serbia

UTMS Journal of Economics, 2010, vol. 1, issue 1, 1-11

Abstract: Small and medium hotel companies in the majority of developed tourist countries have dominant role in hotel industry. The same situation is with Serbia. An important precondition for successful business of a hotel is accepting and applying basic pillars of marketing concept i.e. satisfying needs and expectations of guests in order to achieve profit. Small hotel companies have specific problems in their daily business. Top priority in management and surviving of hotels is cash, because fixed costs are very dominant so hotels earmark more resources for them than for marketing. This means higher engagement and involvement of the state in further development of small and medium hotel companies in Serbia. The state should provide favourable subsidized credit lines for small and medium hotel companies in Serbia, through appropriate support programmes.

Keywords: small and medium hotel companies; financial support; support programme. (search for similar items in EconPapers)
JEL-codes: D92 L83 M21 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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