Liburnia Riviera Hoteli d.d. is one of the largest tourism companies in the Republic of Croatia, generating annual revenues of 50 million euros. Opatija, also known as the 'Pearl of the Adriatic' or the 'Queen of Tourism,' represents an exclusive Adriatic resort with a long history of tourism dating back to the distant year 1844, while the tourism portfolio of Liburnia Riviera Hoteli d.d. has been highly integrated into international tourism markets for over 100 years.
Within its operational tourism portfolio, Liburnia Riviera Hoteli d.d. has a little over 2,100 accommodation units, where in its 13 hotels, 4 villas, and one camping resort, it can host over 4,700 guests daily, with more than 1,000 employees striving to provide a perfect vacation and authentic experiences during the high season. Following the vision of positioning Opatija and the surrounding municipalities as one of the best tourist destinations in the Mediterranean, Liburnia Riviera Hoteli d.d. requires further strategic advancement in tourism development that will ultimately result in further improvements and upgrades of tourism products and experiences.
Reasons and objectives for stock exchange listing
The presence of the company Liburnia Riviera Hoteli d.d. on the Zagreb Stock Exchange allows the company to present itself to a wide range of potential investors, ensuring access to capital not only from domestic but also international investors. It also attracts partnerships that can contribute to innovation, the development of new markets, and access to expertise from various sectors.
isting on the stock exchange also contributes to the transparency of the business of Liburnia Riviera Hoteli d.d., as the company is obligated to regularly report its financial results and other significant information in accordance with the rules governing capital markets.
The result of the above is increased trust from investors and other stakeholders, which enhances the quality of the company's stock valuation. This ultimately affects the overall market capitalization and financial stability of Liburnia Riviera Hoteli d.d.
Listing on the Zagreb Stock Exchange represents a significant cornerstone of the business of Liburnia Riviera Hoteli d.d., providing a competitive platform for further development, improving its competitive position in the market, and achieving long-term sustainability and success in the dynamic tourism sector.
Liburnia Riviera Hoteli d.d. is strongly committed to sustainability, taking a series of steps to integrate environmental, social, and governance (ESG) responsible practices into its operations. During the winter period of 2022/2023, Liburnia Riviera Hoteli d.d. reduced greenhouse gas emissions in its facilities by 155,000 kilograms, which is equivalent to planting 6,200 trees (on average, one tree absorbs about 25 kilograms of CO2 annually). The company will continue to implement these "green" practices in the long term because sustainable tourism is a prerequisite for a better life for future generations. Significant importance is placed on promoting the development of sustainability concepts through active support for the local community.
Through ongoing collaboration with small local family businesses, as well as local fishermen and shrimp fishermen, Liburnia Riviera Hoteli d.d. uses their fresh, locally-sourced ingredients and seafood in their gastronomy, promoting the development of small-scale businesses while allowing their guests to enjoy top-quality dishes and the flavors of local cuisine. The company's non-hotel facilities, such as Cafe' Imperial, Cafe’ Strauss, and the Laurus restaurant, offer guests an authentic experience of the region through various collaborations with local producers.
On the other hand, the passionate culinary masters at the fine-dining restaurant Cubo in the Ambasador Hotel create high-quality dishes by carefully selecting local ingredients, creatively presenting them to their guests. This year, the Gault & Millau gourmet guide awarded the Cubo restaurant with two "toques," indicating culinary excellence. Furthermore, Liburnia Riviera Hotei d.d. actively participates in the local community through various sustainability projects. They support environmental preservation initiatives, back local small-scale producers, and promote ecotourism. These initiatives not only reflect the company's commitment to sustainable business but also contribute to creating a positive social impact and promoting responsibility towards future generations.