Croatia Tourism Report Q3 2011

Date: May 22, 2011
Pages: 64
US$ 1,175.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF), Download
ID: C389939013DEN

Download PDF Leaflet

Includes 3 FREE quarterly updates

Tourism Overview

Final figures for 2010 show that the number of foreign tourist arrivals increased by just under 5% yearon-year (y-o-y), representing a modest recovery from negative growth in 2009. Domestic tourist numbers, however, fell by over 5% y-o-y, continuing the downward trend recorded in 2009, although at a less severe rate. In aggregate, foreign and domestic tourist numbers increased by about 3% y-o-y. Four of the top five source markets, Germany, Slovenia, Austria and the Czech Republic, all recorded positive growth in arrivals of 4-6% y-o-y. Provisional data on cruise ship tourism indicate that there were 856 cruises by foreign vessels to Croatia last year, up by over 11% y-o-y. Passenger numbers on these cruises increased by 7.5% y-o-y to almost 1.1mn tourists. The most recent data, for January 2011, show particularly strong growth in foreign tourist arrivals of more than 10% compared with the same month in 2010, though domestic tourism continued to record negative growth at -5.3% y-o-y.


There was a modest recovery in the hospitality sector in 2010, with total tourist nights up by 2.6% y-o-y to 56.4mn after a downturn the previous year. Foreign tourist nights, which accounted for 90% of the total, increased by a reasonable 3.6% y-o-y, but tourist nights by domestic residents fell by nearly 6%.

The key source market, Germany (which accounted for 20% of all overnight stays), recorded a near 3% yo- y increase in nights. Other important markets such as Slovenia, Austria and the Czech Republic achieved slightly stronger growth of 7%, 4% and 5% y-o-y respectively. Tourist nights attributed to arrivals from Italy fell by about 4% y-o-y, however, after rising by just 1% y-o-y in 2009. In January 2011, tourist nights by foreign and domestic residents declined y-o-y.

Industry Forecast Scenario

BMI has slightly revised up the outlook for the tourism sector in 2011, with growth in arrivals forecast at about 4% y-o-y. With most of the foreigners visiting Croatia coming from the eurozone, economic conditions in the region are crucial for the outlook to the tourism sector. We forecast steady growth at 1.8% in the eurozone in 2011 and 2012 (up from an estimated 1.7% in 2010). Growth in Germany is forecast to slow to 3.0% in 2011 and then 2.0% in 2012 (from an estimated 3.6% in 2010), while Italian growth is expected to pick up slightly to 1.6% and 1.9% over the same period. After the kuna weakened against the euro and US dollar in 2010 – helping the tourism sector – our short-term forecast is for modest appreciation of the kuna against the euro, with a year-end foreign exchange rate of HRK7.2000/EUR in 2012.

Zagreb Airport

After poor traffic figures in the first four months of 2010 at Zagreb Airport, the main international airport in Croatia, passenger numbers picked up over the summer months, resulting in marginal growth in passenger traffic for the whole year. Relatively favourable y-o-y growth in traffic was recorded in the first two months of 2011.


In the spring 2011, local carrier Dubrovnik Airline introduced routes to Belgrade and Ljubljana. In June, TAP Portugal plans to start a new route between Lisbon and Dubrovnik – the first ever direct link. In May-October 2011, Russian national airline Aeroflot will offer direct daily flights between Moscow and Dubrovnik using Airbus 320 aircraft. From June to September, the Spanish low-cost carrier Vueling will operate flights between Barcelona and Pula.
Executive Summary
SWOT Analysis
Croatia Tourism SWOT
Croatia Political SWOT
Croatia Economic SWOT
Croatia Business Environment SWOT
Industry Forecast Scenario
Table: Arrivals Data, 2007-2015
Table: Accommodation Data, 2007-2015
Table: Tourist Expenditure And Economic Impact, 2007-2015
Inbound Tourism
Table: Tourist Arrivals, 2007-2015
Outbound Tourism
Table: Outbound Tourism Data, 2007-2015
Market Overview – Travel
Commercial Airlines
Global Oil Products Price Outlook
Table: Oil Product Price Assumptions, Q410-Q411 (US$/bbl)
Table: Oil Product Price Data And Forecasts, 2008-2015 (US$/bbl)
Market Overview – Hospitality
Table: Key Players In The Croatian Hotel Industry, 2009
Accommodation Developments
Business Environment Outlook
Croatia’s Business Environment
Table: Croatia’s Annual FDI Inflows, 2000-2006
Table: Central And Eastern Europe’s FDI Inflows, 2005-2006
BMI’s Security Ratings
Table: Europe Security Risk Ratings
Table: Europe State Terrorism Vulnerability To Terrorism Index
Croatia’s Security Risk Ratings
City Terrorism Ratings
Table: BMI’s Central And Eastern Europe And Central Asia City Terrorism Index
Europe Security Overview
Europe’s Key Security Issues Over The Coming Decade
Global Assumptions
Table: Global Assumptions, 2009-2015
Table: Global And Regional Real GDP Growth, % change y-o-y
Table: Developed States Real GDP Growth Forecasts, 2010-2013
Emerging Markets
Table: Emerging Markets Real GDP Growth Forecasts, 2010-2013
Table: Real GDP Growth – Bloomberg Consensus Forecasts, 2011-2012
Company Profiles
Adris Group
Croatia Airlines
Cubus Lux
Hilton Worldwide
Liburnia Riviera Hoteli
BMI Methodology
How We Generate Our Industry Forecasts
Tourism Industry
Tourism Ratings – Methodology
Table: Tourism Business Environment Indicators
Table: Weighting Of Components
Sources .. 64
Skip to top

Croatia Tourism Report Q1 2016 US$ 1,295.00 Oct, 2015 · 28 pages
Croatia Commercial Banking Report Q2 2016 US$ 1,295.00 Feb, 2016 · 75 pages
Croatia Tourism Report Q4 2016 US$ 1,295.00 Aug, 2016 · 30 pages
Travel and Tourism in Croatia US$ 2,100.00 Oct, 2014 · 62 pages
Croatia Insurance Report Q3 2016 US$ 1,295.00 May, 2016 · 64 pages

Ask Your Question

Croatia Tourism Report Q3 2011
Company name*:
Contact person*:
Request invoice
Your enquiry:
Please click on a Check Box below to confirm you are not a robot: