The aim of this thesis was to analyze the performance of hotel chains and the boutique hotels and to determine whether hotel chains are operating better than boutique hotels or vice versa, and to analyze the effects of the Covid-19 pandemic on the performance of selected hotel chains and the boutique hotels. A hotel chain represents a series of connected hotels that are owned by one company, with the same recognizable name and common standards in various cities and countries, while boutique hotels represent small, elegantly decorated hotels that provide more personalised access for guests than hotel chains. The advantages of hotel chains are financial savings, marketing savings and risk reduction due to the diversity of services offered. Disadvantages of hotel chains are problems that affect all large organizations, and they concern communication and supervision. The advantages of boutique hotels are flexibility in adapting to market trends, a personalized attitude towards guests and the possibility of strong differentiation. Disadvantages of boutique hotels can be seen in limiting the possibility of business expansion, more expensive procurement and lack of managerial knowledge. The expected contribution of the work is a presentation of the performance of selected hotels for the period from 2018. to 2022. The results of the analysis of financial statements can serve to improve the operation of enterprises in the hotel industry. This analysis was carried out on the example of two hotel chains: Valamar Riviera d. d. and Plava Laguna d. d. and two boutique hotels: Mauro d. o. o. and Amfiteatar d. o. o. between 2018. and 2022. Analyzing the business of the observed hotel chains and the boutique hotels in 2019, it can be concluded that there are no significant differences in business performance between the observed hotel chains and the boutique hotels. Carrying out a vertical analysis of the balance sheet and profit and loss account and analysis using financial indicators led to the conclusion that the Covid-19 pandemic had a negative impact on the operations of the observed hotels and that the observed hotel chains were better able to overcome the operational difficulties caused by the pandemic.