Croatian Tourism to Bring 7.8 Billion Euros This Year

A bumper year for financial tourism receipts predicted. 

Expectations that this might be a record year for Croatian tourism have finally been confirmed. According to the tourism boards, the number of tourists on the Adriatic and in Zagreb in July has increased by 11 percent, while the number of overnight stays has grown by 9 percent. In the first seven months of the year, the number of tourists has increased by nine percent and the number of overnight stays by seven percent, reports Jutarnji List on August 9, 2015.

“Good results of the pre-season and good expectations for the post-season are proof that the ‘Croatia 365’ initiative is very successful and that Croatia has managed to extend its tourism season”, said tourism minister Darko Lorencin. In his opinion, we can expect “financial effects” to be close to eight billion euros. The previous record year was 2008 with revenues of 7.46 billion euros, while last year tourism brought 7.4 billion euros.

Analysts agree that this could be a record-breaking year. According to the Hypo Alpe-Adria Bank, the revenues could amount to 7.8 billion euros, an increase of six percent in comparison to last year. Croatian tourism has benefited from the fact that tourists have been diverted by the crises which have affected other Mediterranean destinations, such as Greece and North Africa. Minister Lorencin believes that by 2020, Croatia will be “one of the twenty most competitive tourist destinations in the world”.

In addition to tourism, the data show a solid growth of exports. Will these positive economic indicators result in higher GDP growth than expected? Zrinka Živković Matijević, an analyst for RBA, said that at the moment they will not change their economic forecasts. “However, tourism will definitely contribute to the economic activity in terms of the export of services and indirectly it will have a positive impact on consumer spending”, said Živković Matijević.

A RBA analysis shows that in the first half of the year there were 23 percent more overnight stays than in the same period of 2008. That demonstrates that the preseason has improved significantly, but revenues have not increased accordingly. In times of crisis, analysts explain, tourists rationalize their spending.

 

Subscribe to our newsletter

the fields marked with * are required

Email: *
First name:
Last name:
Gender:	Male Female
Country:
Birthday:	[DD] 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 [MM] 1 2 3 4 5 6 7 8 9 10 11 12 [YYYY] 1924 1925 1926 1927 1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Please don't insert text in the box below!