Tourist Season Brings Record Revenues to Currency Exchange Offices

Shift in the purchasing power of guests is obvious.

Tourist season in Croatia is going better than expected and the financial indicators of the service providers in the tourist sector reaffirm that fact. One of the activities that relies directly on the quality and quantity of tourist visitors includes currency exchange offices, which registered record-breaking business activities this year, reports poslovniplus.com on August 10, 2016.

Auro Domus, the largest Croatia exchange offices chain, operating on more than 200 locations in Croatia, is present in virtually all the tourist centres on the Croatian Adriatic coast. Their results for July show that the usual “July-hole” has been avoided this year. “The revenue from the exchange activities in July 2016, compared to the same month last year, has increased by as much as 63 percent. In the first week of August the results were similar. The turnover meant the higher number of clients as well. More precisely, last month we had about 57 percent more transactions at the same number of locations”, saud Goran Skočilić, director of the exchange offices department at Auro Domus.

He stressed that a higher number of tourists contributed to better business results, which is reflected in the number of transactions. The shift in the purchasing power of guests was obvious as well. “I think that we can now talk about the improvement of the financial status of visitors, because the average amount per transaction in July has increased by about four percent, and this is despite an unfavourable exchange rate of euro and strong kuna. We are registering better results at all the significant destinations, from Split and Dubrovnik to Opatija, and the fastest growing destinations this year are those that have seen an increase in terms of tourism – such as Rijeka or Šibenik”, said Skočilić.

Auro Domus is a company best known for purchasing gold, and revenues from that activity usually decline during summer months, but this year is an exception because July has brought higher revenues compared to the previous month and compared to July 2015. Želimir Bagić, director of the gold purchasing sector at Auro Domus, pointed out that in July the total value of the purchased gold was roughly 10 percent higher than during the same month last year.

 

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