Croatia Tourism Report - Business Monitor International - Industry Reports

Croatia Tourism Report

Croatia Tourism Report - Business Monitor International - Industry Reports
Croatia Tourism Report
Published Aug 06, 2016
30 pages — Published Aug 06, 2016
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Abstract:

Although Croatia s tourism market has some way to go to catch up with popular destinations in Western Europe (such as Spain and Greece) the country s tourism market does offer significant long-term growth potential. The country boasts an extensive and picturesque coastline with plentiful real estate availability, and since Croatia became a member of the EU, the government has taken steps to improve the general investment environment in order to attract more foreign developers. ...At present the tourism industry is heavily weighted towards summer holidays, with around -- of hotel visits taking place during the peak months of July and August. Extending the reach of tourism beyond the traditional school holiday months, including developing cities as weekend break destinations (similar to regional competitors including Prague or Budapest), would help to ensure continued growth in the tourism industry and mitigate the effect of seasonal spending fluctuations. Government investment in this area means we expect to see continued growth in tourism arrivals beyond the end of the current forecast period. ...Extending the reach of tourism beyond the traditional school holiday months, including developing cities as weekend break destinations (similar to regional competitors including Prague or Budapest), would help to ensure continued growth in the tourism industry and mitigate the effect of seasonal spending fluctuations. Government investment in this area means we expect to see continued growth in tourism arrivals beyond the end of the current forecast period.

...Croatia has become a significant holiday destination within Europe in recent years, with a large majority of its inbound tourism visitors coming from other EU member states. Improving accessibility, particularly due to EU membership, and a growing range of transport connections including an expanding range of flight routes from popular budget airlines (both inbound and domestic) has helped the inbound travel market to grow rapidly since ----. ...Croatia has become a significant holiday destination within Europe in recent years, with a large majority of its inbound tourism visitors coming from other EU member states. Improving accessibility, particularly due to EU membership, and a growing range of transport connections including an expanding range of flight routes from popular budget airlines (both inbound and domestic) has helped the inbound travel market to grow rapidly since ----. In ----, solid growth in key European and Asian source markets supported an increase in total arrivals of -.- to a total of --.-mn, up from --.-mn in ----. ...We therefore expect total arrivals to rise by -.- in ---- to reach just under --mn visitors. As the benefits of the planned investments present themselves, and Croatia s efforts to implement a tourism development strategy between ---- and ---- expand, the country is likely to continue to see steady growth

...Rising visitor numbers and steady improvements in the economic environment will support significant investment in Croatia s tourism industry over the coming years. The Tourism Ministry reported in July ---- that around -- new and refurbished hotels are under development in the country and are expected to be completed by the summer holiday season in ----. ...

  
Source:
Document ID
1747-8863
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Croatia Tourism Report" Aug 06, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Tourism-Report-2026-332>
  
APA:
Business Monitor International - Industry Reports. (2016). Croatia Tourism Report Aug 06, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Croatia-Tourism-Report-2026-332>
  
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