Croatia Travel & Tourism Sector Discussed by Timetric in New Report Published at MarketPublishers.com31 Jan 2014 • by Natalie Aster
LONDON – The world economic crisis and perpetuated eurozone debt crisis posed a major challenge to Croatia’s tourism industry during 2008–2012. However, a slow but steady positive growth in tourist volumes followed the most severe years of the recession. The travel and tourism sector plays an essential role in the Croatian economic development, accounting for over 30% of the domestic total employment as of 2012. In the same year, the travel and tourism industry contributed almost 28% to the Croatian GDP. This has encouraged the national government to focus more on stimulating the industry growth and improving the tourism infrastructure in the country. Croatia’s entry in the EU on July 1, 2013, opened up new opportunities for tourism development.
The country has responded to the world demand for cruise tourism by developing its ports; this resulted in an increase in cruise ships arriving at the local ports at the end of 2013. Constantly rising operational costs, intense competition and low profit margins have made it difficult for airline firms to operate profitably in very tough market conditions. A noticeable upsurge in the demand for overseas property has been seen recently, with masses of foreigners purchasing holiday homes in Croatia and then renting those out during holiday time.
New report “Travel and Tourism in Croatia to 2017” prepared by Timetric offers an insightful guide to the Croatian travel and tourism market.
The topical report contains a detailed analysis of the Croatian travel and tourism market and cutting-edge information (2008-2012) on the market performance. It covers historic, present and forecast tourist volumes as well as inbound, outbound and domestic tourist flows; examines tourist spending patterns for various industry categories in the country, provides an extensive overview of the main intermediaries industries, and also scrutinizes the major travel and tourist demand factors. The research study includes an extensive summary of the trends prevailing in the market and, furthermore, outlines the future growth prospects of the Croatian travel and tourism industry up to 2017.
Travel and Tourism in Croatia to 2017
Published: January, 2014
Price: US$ 1,950.00
Other Travel & Tourism Markets Reports by Timetric:
- Travel and Tourism in Chile to 2017
- Travel and Tourism in Ukraine
- Travel and Tourism in Georgia
- Travel and Tourism in Slovakia to 2017
More new research reports by the publisher can be found at Timetric page.