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Strategic Importance of ‘Brand’ in Tourism and Hotel Industry

Author

Listed:
  • Kate Glavor

    (Department of Business and Economics, University of Dubrovnik, Dubrovnik, Croatia)

  • Niko Koncul

    (Department of Business and Economics, University of Dubrovnik, Dubrovnik, Croatia)

Abstract

This paper deals with brand, mark or a stamp on a product or a service as a process of registration of the identity. Brand on a product or service in a form of a symbol carries a signal to its consumer that it is genuine and authentic and it meets the quality standard set by its producer or supplier. In the modern day society brand has become a strategically signifi cant instrument of marketing policy of the suppliers on one hand and a driving force of demand on the part of consumers on the other. It has become an indispensable tool of marketing strategy.

Suggested Citation

  • Kate Glavor & Niko Koncul, 2012. "Strategic Importance of ‘Brand’ in Tourism and Hotel Industry," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 15(2), pages 79-86, November.
  • Handle: RePEc:zag:zirebs:v:15:y:2012:i:2:p:79-86
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    More about this item

    Keywords

    brand; services; marketing strategy;
    All these keywords.

    JEL classification:

    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising

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