State of tourism in Republic of Serbia during the period of economic slowdown

Jeločnik, Marko and Zubović, Jovan and Subić, Jonel (2013) State of tourism in Republic of Serbia during the period of economic slowdown. In: Устойчивое развитие туристского рынка : Международная практика и опыт России :Sustainable development of tourism market : International practice and Russian experience. АГРУС, Ставропољ, pp. 15-27. ISBN 978-5-9596-0912-2

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Abstract

Serbia has on its disposal various natural resources, rich cultural and historical heritage, relatively developed physical and social infrastructure, as well as good accommodation and catering facilities. Registered increase in arrivals of foreign tourists (mostly from EU), along with the impact of global economic crisis, could be a great chance for Serbian tourism, having in mind that the cost of desired tourist services in Serbia is relatively lower compared with some traditional destinations in surrounding. The guests had started identifying Serbia, during the period of crisis, as an alternative tourist destination. The aim of this paper is to analyse current state of tourist industry in Republic of Serbia, and to show that, during the recession period, it can be assigned more significant role to it than it currently has in the economy. Moreover we suggest that larger investments in tourism are economically feasible, as it is proved that developed tourism successfully can repay all debts to national economy.

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