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Owners of family and small hotels entered the business by investing millions of euros, mortgaged their own property, and the return on investment is longer than 30 years. In hotels with up to 50 rooms, of which there are about 450 in Croatia, the decline in overnight stays in 2020 was 63 percent, which clearly speaks of the crisis they found themselves in. Despite greater resilience compared to large companies, micro and small companies in the Croatian hotel industry in...
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