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Energy Sustainability and Its Impacts on Croatian Tourism

Author

Listed:
  • 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)

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.

Suggested Citation

  • Marinela Krstinic Nizic & Zvonimira Sverko Grdic & Renata Endres, 2017. "Energy Sustainability and Its Impacts on Croatian Tourism," Croatian Economic Survey, The Institute of Economics, Zagreb, vol. 19(2), pages 83-104, December.
    • Handle: RePEc:iez:survey:ces-v19_2-2017_krstinic-nizic-sverko-grdic-endres
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    File URL: https://hrcak.srce.hr/192368
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    References listed on IDEAS

    as
    1. repec:jes:wpaper:y:2013:v:5:p:615-625 is not listed on IDEAS
    2. Mirela Stefanica, 2013. "Ecological Certification And Labelling Of Tourist Services," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5(4), pages 615-625, December.
    3. Zografakis, Nikolaos & Sifaki, Elli & Pagalou, Maria & Nikitaki, Georgia & Psarakis, Vasilios & Tsagarakis, Konstantinos P., 2010. "Assessment of public acceptance and willingness to pay for renewable energy sources in Crete," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(3), pages 1088-1095, April.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. Maria Plotnikova, 2018. "Green Tourism Development In Smart Communities," Baltic Journal of Economic Studies, Publishing house "Baltija Publishing", vol. 4(3).

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    More about this item

    Keywords

    energy sustainability; hotel industry; ecological certificate; CO2 emission; investment costs; energy efficiency measures;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Z32 - Other Special Topics - - Tourism Economics - - - Tourism and Development

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