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Croatia Tourism Report Q2 2016

  • ID: 3616016
  • February 2016
  • Region: Croatia
  • 30 pages
  • Business Monitor International
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The Croatian tourism industry continues to grow rapidly and The report predicts a firmly positive outlook for growth over the next few years. Inbound tourist arrivals will increase by 5.1% in 2016, reaching 12.8mn, driven in large part by improving economic conditions across Europe and benefitting from an expanding number and geographical diversity of international air travel connections. Indeed, while Europe will remain the predominant source market for the industry for the foreseeable future, efforts to attract tourists from the Middle East and Asia in particular will begin to bear fruit and become a more important driver of growth. Investment opportunities in the hotel sector have traditionally been hampered by a weak investment climate, but Croatia's joining of the EU in 2013 has bolstered its attractiveness to foreign investors and will likely generate growing interest among international developers over the coming years.

Key Updates And Forecasts

- The latest data from the Tourism Ministry indicates that Croatia's tourism industry remains in good health, with an estimated 8% year-on-year (y-o-y) rise in tourist arrivals in the first 11 months of the years as the country benefits from instability in Greece and Turkey and improving economic conditions in the eurozone.

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Industry View
Table: Key Forecasts (Croatia 2014-2020)

SWOT

Tourism

Industry Forecast
Table: Inbound Tourism (Croatia 2013-2020)
Table: Tourism Receipts (Croatia 2013-2020)
Table: Hotel Accommodation (Croatia 2013-2020)
Table: Tourist Departures And Consumption (Croatia 2013-2020)

Industry Risk/Reward Index
Table: Central And Eastern Europe Risk/Reward Index

Rewards

Risks

Market Overview

Competitive Landscape

Domestic Hotel Groups
Table: Domestic Hotel Groups

International Hotel Groups
Table: International Hotel Groups

Methodology

Industry Forecast Methodology

Risk/Reward Index Methodology
Table: Weighting Of Indicators

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