DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/c23048/croatia_tourism_re) has announced the addition of the "Croatia Tourism Report Q2 2011" report to their offering.
Latest figures for January-October 2010 show that the number of foreign tourist arrivals was up nearly 5% year-on-year (y-o-y), representing a rebound on a poor performance in 2009. Domestic tourist numbers fell by almost 6% y-o-y though, continuing the downward trend recorded in the previous year (although at a less severe rate). In total, foreign and domestic tourism numbers increased by 3.3% y-o-y.
According to data for the first 10 months of 2010, there was a modest recovery in the hospitality sector, with total tourist nights up by 2.6% y-o-y. The number of foreign tourist nights (accounting for some 91% of the total) rose by a reasonable 3.5% y-o-y, while domestic tourist nights declined by nearly 6% y-o-y. Concerning Croatia's main source market, Germany, tourist nights rose by 2.6% y-o-y, while three other important markets, Slovenia, Austria and the Czech Republic, recorded even stronger growth of around 7%, 4% and 5% y-o-y respectively.
BMI has improved slightly the outlook for the tourism sector in 2011, with growth in arrivals forecast at an annual 3%. Concerning economic conditions in major source markets, BMI are forecasting steady growth in the eurozone going into 2011, at 1.6%. Economic growth in the two key source markets Germany and Italy though is expected to diverge in the short term. After the kuna weakened against the euro and US dollar in 2010, further slight depreciation of the HRK/EUR exchange rate is forecast for the end of 2011, compared with the end of 2010 - helping the tourism sector.
Zagreb Airport
Despite poor traffic figures in the first four months of the year, growth in passenger numbers at Zagreb Airport - the main international airport in Croatia - was largely unchanged y-o-y during the first 11 months of 2010, with positive growth y-o-y recorded in each month between May and November.
In summer 2011, the national flag carrier Croatia Airlines will offer direct connections between Dubrovnik/Venice and Dubrovnik/Athens.
Infrastructure
After Split, Gaenica will be the biggest port on the eastern coast of the Adriatic, with a direct connection to the Zadar-Zagreb motorway. The new port will also have a hotel and business-shopping centre.
Companies Mentioned:
- Adris Group
- Croatia Airlines
- Cubus Lux
- Hilton Worldwide
- Liburnia Riviera Hoteli
For more information visit http://www.researchandmarkets.com/research/c23048/croatia_tourism_re