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Montenegro’s Road to Sustainable Tourism Growth and Innovation

Author

Listed:
  • Julija Cerović Smolović

    (Faculty of Economics, University of Montenegro, 81000 Podgorica, Montenegro)

  • Sanja Janketić

    (Faculty of Economics, University of Montenegro, 81000 Podgorica, Montenegro)

  • Danijela Jaćimović

    (Faculty of Economics, University of Montenegro, 81000 Podgorica, Montenegro)

  • Maja Bučar

    (Faculty of Social Science, University of Slovenia, 1000 Ljubljana, Slovenia)

  • Metka Stare

    (Faculty of Social Science, University of Slovenia, 1000 Ljubljana, Slovenia)

Abstract

Tourism is the most important export sector in Montenegro, with a share of 22% of the total Gross Domestic Product (GDP) and a strong tendency toward growth. Tourism revenues contribute substantially to both the current account balance and employment. However, the current level of the tourist sector suffers from serious limitations. The switch from the current approach to tourism in Montenegro to a more sustainable tourism is only possible by becoming more innovative. Highlighting the importance of innovation in all its forms has been the motivation for our research. The application of the organizational, marketing, and design innovations of the Montenegrin tourism industry actors was examined in a survey, based on the Community Innovation Survey (CIS), with some necessary adaptations. The sample covered more than 70% of available tourism actors. The authors also analysed the experience from Slovenia, in particular the Slovenian example of the Bank of Tourism Potentials, finding this innovation potentially suitable for transfer to Montenegro. Based on the survey and analysis, the team designed certain recommendations for policy action that can be used as guidelines for policy makers.

Suggested Citation

  • Julija Cerović Smolović & Sanja Janketić & Danijela Jaćimović & Maja Bučar & Metka Stare, 2018. "Montenegro’s Road to Sustainable Tourism Growth and Innovation," Sustainability, MDPI, vol. 10(12), pages 1-20, December.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:12:p:4687-:d:189271
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    References listed on IDEAS

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    Cited by:

    1. Bulatovic, Iva & Papatheodorou, Andreas, 2023. "Civil aviation and tourism demand in Montenegro: A panel data approach," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 9(1), pages 25-36.
    2. Miguel Ángel Montañés-Del-Río & José Aurelio Medina-Garrido, 2020. "Determinants of the Propensity for Innovation among Entrepreneurs in the Tourism Industry," Sustainability, MDPI, vol. 12(12), pages 1-18, June.

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