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Croatia Domestic Tourism Industry Analysis

 

Dallas, TX -- (ReleaseWire) -- 02/07/2013 -- RnRMarketResearch.com adds “Croatia Tourism Report Q2 2013” new market research report to its store. Croatia Tourism Report discusses the impact of ongoing economic uncertainty in Europe on Croatia’s domestic tourism industry, together with analysis of the effects of this on inbound tourism and outbound tourism. The report also examines the investment potential which Croatia offers to large tourist industries – particularly global hotel groups, and evaluates the impact of rising incomes across Russia and the wider CEE region on Croatia’s tourism sector.

Croatia’s tourist industry performed strongly in 2012, with a November 2012 article in ‘Travel Weekly’ stating that arrivals were up by 5% on 2011 and overall overnight stays were up by 6.3%. For the full-year, BMI currently has a forecast of a 2.8% annual increase in arrivals, as we only take into account tourist arrivals and exclude business travel and returning nationals. Moving forward, the government has reportedly announced plans to cut the VAT rate on accommodation and food to 10% in 2013, which should boost tourist flows. The country also has a long-term goal of adding some 60,000 new hotel beds to the national supply by 2020. BMI supports this ambitious goal, with our own forecasts showing an additional 23,000 beds being added to the national supply between now and end-2017.

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