Wednesday, 25 August 2021

YTD Financial Indicators Give Rise to Hope That Tourism Season Can Be Great

ZAGREB, 25 Aug, 2021 - Overnight stay numbers so far this year show that they have reached 74% of tourist nights in the corresponding period of 2019, whereas the value of the fiscalised receipts indicates even a better performance of the tourist sector, Minister Nikolina Brnjac has told Hina.

The year-to-date value of the fiscalised receipts in tourism-related economic activities has reached 79% of those receipts in 2019.

The minister admits that it is still too early to forecast the fiscal effects of this year's tourism season.

The comprehensive report on the revenues from the tourist trade can be expected upon the release of the relevant report by the Croatian National Bank on the spending of foreign holiday-makers in the third quarter of 2021, and the central bank provides the general public with those numbers at the end of the year.

The data collected by e-visitor system show that so far this year, there have been 9.8 million guests who have generated 61.3 million overnight stays, thus reaching 64% and 74% of the visitor numbers and tourist night numbers in 2019.

So far in August alone, there have been 3.4 million visitors and 24.1 million overnight stays, 87% and 92% of the results in the corresponding period in 2019.

Concerning the value of fiscalised receipts in the tourism-related activities, it stands at 14.9 billion kuna, or 79% of the value registered in the corresponding period of 2019 when Croatia's tourism sets new records.

In August, fiscalised receipts' value overtakes 2019

For instance, from 1 to 17 August  the value of fiscalised receipts reached nearly four billion kuna, or 20% more than in the same period of 2019, Brnjac said.

The value of the fiscalised receipts from 1 July to 17 August outperformed the corresponding period in 2019 by 9%, the minister said.

She said that the bookings for the remainder of the year also gave rise to optimism.

"We are striving for keeping Croatia's status of the Mediterranean country with the most favourable epidemiological situation," she said, among other things.

For more about business in Croatia, follow TCN's dedicated page.

Tuesday, 1 June 2021

Croatian Motorways Ready for Tourism Season with Even More Amenities

June 1, 2021 – Investments in the yearly maintenance of Croatian motorways are sizeable, but justified when compared to the revenue generated, particularly during the summer season.

Croatian motorways are a crucial part of Croatia’s tourism infrastructure. They are also a very important factor in connecting various regions of the country. The topography of Croatia often makes local roads inefficient. Year after year majority of guests coming to Croatia with cars have very positive comments on the motorway system. However, the entire thing doesn’t come cheap.

With the constant need for maintenance and updating, Hrvatske Autoceste (Croatian Motorways Ltd - HAC) is hard at work every year to prepare the infrastructure for the summer season. The surge of cars on Croatian roads will once again happen in a year, starting in June. Index.hr reports Croatian Motorways Ltd invested 404.9 million kn (around 54 million EUR) into this year’s maintenance and upgrading of the motorway system. Much of this money has been invested in rest stops along the motorways. This is one part of the investment travellers to Croatia will immediately feel. Upgrades made in rest stops are mostly in interiors, bathrooms, and operational technology. HAC also notes the emergency services are going to be reinforced.

New and Updated Services

Along with the standard 24/7 road assistance patrolling the motorways, additional contractors will provide more complex roadside and system maintenance services. Teams of emergency medical services and over thirty vehicles with automatic defibrillators will be on hand as well. Much like the majority of other businesses, HAC expects higher revenues in 2021 than the previous year. In 2020 the numbers were very low due to COVID19 pandemic restrictions. Because of this, HAC started this year with around a hundred employees less than 2020. Estimated revenue from motorway tolls in Croatia this year is 2,18 billion kn (around 290 million EUR).

For more on travel in Croatia, follow TCN's dedicated page.

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