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Management of a Tourist Village Establishment in Mountainous Area through Analysis of Costs and Incomes

Author

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  • Ramona Ciolac

    (Faculty of Agricultural Management, Banat’s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania”, Calea Aradului no.119, 300645 Timisoara, Romania)

  • Ciprian Rujescu

    (Faculty of Agricultural Management, Banat’s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania”, Calea Aradului no.119, 300645 Timisoara, Romania)

  • Simona Constantinescu

    (Faculty of Agricultural Management, Banat’s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania”, Calea Aradului no.119, 300645 Timisoara, Romania)

  • Tabita Adamov

    (Faculty of Agricultural Management, Banat’s University of Agricultural Sciences and Veterinary Medicine “King Michael I of Romania”, Calea Aradului no.119, 300645 Timisoara, Romania)

  • Mihaela Cristina Dragoi

    (University of Economic Studies, Faculty of International Business and Economics, Caderea Bastiliei no.2-10, 010615 Bucharest, Romania)

  • Ramona Lile

    (Aurel Vlaicu University, Faculty of Economics, Bd. Revolutiei no.77, 310130 Arad, Romania)

Abstract

The popularity of rural areas and especially the mountainous ones, as a possibility to spend the vacation has increased in most countries. Almost all mountain areas can provide great opportunities for the development of various forms of rural tourism, there being many examples according to which many mountain areas, through appropriate and effective strategies of capitalizing the resources through the forms of rural tourism, start from the pioneer stage to a real valuable alternative in socio-economic terms for the rural area. One of the concepts that are increasingly used is the “tourist village”, its main issue, consisting in the return of the investment, an aspect that we will discuss in this paper. The paper presents an analysis of the way in which the occupancy degree affects the period of amortization of the initial investment. Concretely, in the case of the medium-sized tourist village, the minimum occupancy degree for the amortization of the initial investment, starts from about 25% for the investment without a loan, but subsidy in proportion of 50% and reaches at about 85% in the case of an investment with loan, for a period of 10 years, without advance or subsidy and with an interest of 7%. Initial investments were established for a holiday village in the Romanian countryside.

Suggested Citation

  • Ramona Ciolac & Ciprian Rujescu & Simona Constantinescu & Tabita Adamov & Mihaela Cristina Dragoi & Ramona Lile, 2017. "Management of a Tourist Village Establishment in Mountainous Area through Analysis of Costs and Incomes," Sustainability, MDPI, vol. 9(6), pages 1-18, May.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:6:p:875-:d:99409
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    References listed on IDEAS

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    Cited by:

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    2. Antonio Ariza-Montes & Antonio Sianes & Vicente Fernández-Rodríguez & Carmen López-Martín & Mercedes Ruíz-Lozano & Pilar Tirado-Valencia, 2021. "Social Return on Investment (SROI) to Assess the Impacts of Tourism: A Case Study," SAGE Open, , vol. 11(1), pages 21582440209, February.
    3. Hendri Hermawan ADINUGRAHA & Ahmad ROFIQ & Ahmad Hasan Asy'ari ULAMA'I, 2019. "Prespective Review Of Islamic Study Towards Qaryah Mubarakah’S (The Blessed Village) Values In The Tourism Village," Social Sciences and Education Research Review, Department of Communication, Journalism and Education Sciences, University of Craiova, vol. 6(2), pages 63-88, November.
    4. Anna Bocheńska-Skałecka & Maria Ostrowska-Dudys & Edward Hutnik & Wojciech Jakubowski, 2022. "Parameterization in the Analysis of Changes in the Rural Landscape on the Example of Agritourism Farms in Kłodzko District (Poland)," Sustainability, MDPI, vol. 14(13), pages 1-21, June.
    5. Ionuț-Adrian Drăguleasa & Amalia Niță & Mirela Mazilu, 2023. "Capitalization of Tourist Resources in the Post-COVID-19 Period—Developing the Chorematic Method for Oltenia Tourist Destination, Romania," Sustainability, MDPI, vol. 15(3), pages 1-31, January.
    6. Tabita Adamov & Ramona Ciolac & Tiberiu Iancu & Ioan Brad & Elena Peț & Gabriela Popescu & Laura Șmuleac, 2020. "Sustainability of Agritourism Activity. Initiatives and Challenges in Romanian Mountain Rural Regions," Sustainability, MDPI, vol. 12(6), pages 1-23, March.
    7. José María Martín Martín & Jose Antonio Salinas Fernández & José Antonio Rodríguez Martín & Juan De Dios Jiménez Aguilera, 2017. "Assessment of the Tourism’s Potential as a Sustainable Development Instrument in Terms of Annual Stability: Application to Spanish Rural Destinations in Process of Consolidation," Sustainability, MDPI, vol. 9(10), pages 1-20, September.
    8. Ramona Ciolac & Tiberiu Iancu & Ioan Brad & Tabita Adamov & Nicoleta Mateoc-Sîrb, 2021. "Agritourism—A Business Reality of the Moment for Romanian Rural Area’s Sustainability," Sustainability, MDPI, vol. 13(11), pages 1-29, June.
    9. Yafang Bao & Hanjing Jiang & Emily Ma & Zhi Sun & Lihua Xu, 2022. "A Longitudinal Spatial-Temporal Analysis of Ancient Village Tourism Development in Zhejiang, China," Sustainability, MDPI, vol. 15(1), pages 1-20, December.

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