Tourism is one of the fastest growing industries in the world. In the Republic of Croatia, tourism has a tremendous impact on the economy, as it forms a significant part of the Gross Domestic Product. The Republic of Croatia is recognized as a popular tourist destination and is achieving better and better results with each new year. Increasing demand has led to an increase in the tourist offer, so annual increase in the number of accommodation facilities can be traced as well. The aim of this paper is to compare the financial results of hotels of different categories to determine the extent to which hotel categorization affects the achievement of positive business outcomes. Selected hotel companies are operating in the same destination and are the same size. Primary point of differentiation that was taken into an account was the categorization, so here we will be analyzing three, four and five star hotels. The analysis was conducted based on data for a period of 4 years. In order to determine the success of the financial operations of selected hotel companies, a horizontal and vertical analysis of some of the underlying financial statements (balance sheets and income statement) was performed. Static financial indicators were calculated and compiled. Statistical data on realized tourist nights and arrivals are also presented in order to gain a wider picture of the environment in which observed hotel companies operate.