LABOUR PRODUCTIVITY IN THE CROATIAN HOTEL INDUSTRY: the source of prosperity and poverty

Abstract

This paper focuses on labour productivity as an indicator of both labour efficiency, and the material prosperity o f a country and its people. In the introductory section, we explain the importance of studying labour productivity. We then define the elements of labour productivity, its impact on the economy, and productivity as the source of poverty and prosperity. In the third section, we examine labour productivity in the hotel industry of Croatia. We will explore the factors of productivity, and the causes of the present situation, and we will propose some measures for eliminating these weaknesses.