Wine tourism as an increasingly valuable revenue stream of a winery's business model

Autor: Remeňová Katarína, Skorková Zuzana, Jankelová Nadežda
Jazyk: English<br />Serbian
Rok vydání: 2019
Předmět:
Zdroj: Ekonomika Poljoprivrede (1979), Vol 66, Iss 1, Pp 23-34 (2019)
Druh dokumentu: article
ISSN: 0352-3462
2334-8453
Popis: Nowadays, wine tourism belongs to the key business activities of a winery. It represents a diversification tool of a typical production company. The research paper aims to explore the relationship between wine tourism and business model parameters according to financial and production performance of a winery. The results of the parametric Independent sample t -test reveal that there is no difference in revenue, profit or gross margin between two groups of wineries with or without wine tourism activities. But the analysis gave proof about the difference in a number of revenue streams, key, and additional business activities. The effect size r for t- test was also calculated. Measuring the association between key performance indicators and wine tourism activities reveals the dependency with the number of revenue streams of a winery. Additional business activities are the most relevant parameter to perform better results in wine tourism.
Databáze: Directory of Open Access Journals