Privatizacija hrvatske hotelske industrije: reforma i anomija
Privatization of the Croatian Hospitality Industry: Reform and Anomy

Summary/Abstract: The article deals with the privatization of the hospitality industry in Croatia. Operating seasonally and marketing primarily to international tourist demand, hotels on the Croatian coast can be labeled as a distinct industry. Therefore, privatization is analyzed through the perspective of "domestic rivalry" present within specific "clusters" of the tourism offer which underpin the industry. However, analysis suggests that specific "clusters" of tourist offer benefited differently from the privatization process. While, on the one hand, some "clusters" could not, due to the war in Croatia, realize at all the small shareholder participation for reasons of high transaction costs, others witnessed the consequences of the "too slow closure by the government" effect. After analyzing a successful and unsuccessful privatization case, positive reform criteria are suggested for further privatization in the hospitality industry.

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