This year’s investment cycle for Croatian tourism will bring many newly landscaped walking trails, beaches, and bike paths…in addition to 50 new or completely reconstructed hotels.
Investment in tourism, from the looks of it, won’t be stopping this year. Tourism companies, according to the Ministry of Tourism, plan to invest at least 511 million euros this year, which is 135 million more than last year. The counties, cities and municipalities will be receiving around 300 million euros, and the total investments in tourism, including both the public and private sectors, will climb to around 800 million euros, reports Poslovni.hr on January 23, 2017.
With that said, the investment cycle in Croatian tourism this year will also bring a lot of newly landscaped walking trails, beaches, and bike paths…but most importantly 50 new or completely reconstructed hotels of the highest category. Because luxury is sought, high class hotels on average are 20% more full than those who have a lower category.
The Ministry of Tourism noted that investment could actually be larger than it is in this poll. “Increase in investment year after year shows that Croatia is an attractive space for tourist arrivals and investment. Construction is focused primarily on hotel capacity and more second class hotels, along with the enrichment of experiential offers in the camps. In this poll, we did not count the strategic investments or hotels that are logged into public calls for EU funding. We can definitely be satisfied with the pace of investment in the tourism sector, and while addressing the tourist areas, we will provide new investment momentum in the camps and additional attractions and facilities,” evaluates Tourism Minister Gari Cappelli.
While the largest investment this year is led by the Valamar Maistra, the Zadar Falkensteiner has invested 15 million euros in hotel Punat, and an additional 8 million euros in Borik. Pula Arenaturist is preparing investments in a value that exceeds 12 million euros. Biograd’s Ilirija hotel is raising the quality of their facilities with plans to invest around 4 million euros. It has been announced that there will be more investment in Dubrovnik, with the planned capacity expansion and new facilities at hotel More, and investments already in Importanne Resort, hotels Plat, and the Dubrovnik Excelsior. Jadran Crikvenica has planned the reconstruction of the Esplanade which will lift the category of the hotel to four-stars, along with the renovation of hotel Slaven to bring it to three-stars, the branding of hotel Katarina as a spa hotel, and the continuation of renovations for Omorika.
Also announced are the big investments in the Split area. Bačvice in the city of Split will have a new boutique hotel, Makarska will receive a nice resort worth 30 million euros, and hotels are being built in both Solin and Kaštela. In Milna on Brač they are reconstructing the existing hotel Milna to bring it to the category of four-stars, while the Medora hotel in Podgora is expanding their facilities and capacity.
Duće will receive a superior hotel with 97 rooms, and Bluesun in Tučepi is building Hotel Jadran on the site of the old building. Investments have been announced for Sunčani Hvar, Karisma Hotels, Hotels Medena, and Hotel Berulia in Brela…and hotel and tourist companies in Orebić and Korčula have also announced an investment of 10 million euros.
On the continent, Velika Gorica has planned the renovation of hotel Royal Airport and the construction of the hotel Garden Hill. In Pakrac, the renovation of Hotel Pakrac is planned, along with the reconstruction and rehabilitation of historic buildings Kursalon, Wandelbahn, and the renewal of the park in Lipik. In Sveti Martin the apartment complex Regina will be renovated. In Krapinske Toplice they are ready to build a new four-star hotel and will reconstruct Hotel Villa Magdalena. Terme Stubaki have updated Hotel Matija Gubec in Stubičke Toplice, with construction beginning on a new hotel and tourist center there. Terme Jezerčica will build an additional 66 new rooms and an outdoor swimming pool, and hotel SE-MI in Veliko Trgovišće has plans to build an annex of the hotel with 30 rooms, a wellness center, conference room and Zagorski basement, and swimming pool.
