Record 1.6 Billion Kuna in Income Reported by Croatian Private Landlords

Lauren Simmonds

Updated on:

As Poslovni Dnevnik/Jadranka Dozan writes, experimental stories from the field and exact summary data shows that the post-season in Croatia this year well and truly exceeded the expectations of the past few weeks. The latest published figures of the Croatian National Tourist Board (HTZ), on arrivals and overnight stays in the first nine months, only confirmed this. There were 70 percent more arrivals and 52 percent more overnight stays than there were last year!

The last detailed picture of fiscalised receipts by activity/sector offers some clear indications of the financial effects of the strong growth of physical indicators at the end of the tourist season.

Four times more income reported than last year!

The Tax Administration claims that 1.6 billion kuna worth of fiscalised receipts were issued for accommodation services last month alone. Compared to last September, with a reported turnover of 420 million kuna, this is almost four times more. Moreover, September 2021’s 1.6 billion kuna is also the largest ever fiscalised turnover for that month in that industry. In pre-pandemic 2019, 1.22 billion kuna was recorded in September, 1.19 billion was recorded back in 2018, and approximately one billion kuna was recorded two years before that. Apart from the Croatian private landlords who most directly reflect this truly excellent post-season, the data on fiscalisation in the catering and hospitality industry, primarily cafes and restaurants, also speaks volumes about it.

In September 2021, the catering and hospitality industry issued receipts worth a massive 1.9 billion kuna, which is an increase of more than 70 percent when compared to the same month last year, when they reported 1.1 billion kuna. If September alone is observed, this is a record number for the activity of preparation and serving food and beverages, because, for example, in that month back in 2019, 1.7 billion kuna passed through the fiscalisation system, 1.6 was recorded one year earlier, and a year before that, the figure stood at 1.4 billion.

For more, make sure to check out our dedicated business section.


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