Your browser doesn't support javascript.
THE INFLUENCE OF THE TOURIST SEASON ON THE FINANCIAL OPERATIONS OF SLAVONIAN WINERY
10th International Scientific Symposium on Region, Entrepreneurship, Development (RED) ; : 248-261, 2021.
Article in English | Web of Science | ID: covidwho-1663265
ABSTRACT
Tourism as an economic branch and the business sector as well as the term of the tourist season in Croatia, do not refer only to tourist destinations on the Adriatic coast, islands, national parks and historic cities. Tourism includes the merging of all products and services that are created in the entire territory of the country. Wine as a product is an indispensable part of the tourist offer of every country. Slavonia as a region occupies a significant place in Croatian wine production. The aim of this paper is to determine if there is a financial correlation between the tourism and wine production through a financial analysis of the operations of three wineries;Kutjevo d.d., Ilok cellars d.d. and Belje plus L.t.d.. in the period before and after the decrease of revenues from the tourist season due to the current coronavirus crisis. The selected wineries are large wineries whose produced quantities of wine range in the millions of liters and whose financial data have been made public through audit reports on the web-pages of FINA and the Court Register. All three wineries had successful business and generated significant revenues and profits in 2019. The research of financial reports and comparisons of individual reports by selected years with their analysis leads us to the cognition that the decline in the value of revenues from the tourist season in Croatia affects the decline in the value of revenues in selected wineries. The results of this paper are expressed as data in relative numbers and percentages that show how much the decline in the value of income in the tourist season affects the overall decline in revenue in the sale and distribution of wine in tourist destinations.
Keywords
Search on Google
Collection: Databases of international organizations Database: Web of Science Language: English Journal: 10th International Scientific Symposium on Region, Entrepreneurship, Development (RED) Year: 2021 Document Type: Article

Similar

MEDLINE

...
LILACS

LIS

Search on Google
Collection: Databases of international organizations Database: Web of Science Language: English Journal: 10th International Scientific Symposium on Region, Entrepreneurship, Development (RED) Year: 2021 Document Type: Article