Travel

Financial Times Names Croatia as One of Best Destinations for Tourism Investments

By 11 December 2017

Another good sign for the future of Croatian tourism.

The first edition of the Financial Times Global Tourism Locations of the Future 2017/2018 report has ranked Croatia at the seventh top destination in the world with the highest potential for investments in tourism, reports tportal.hr on December 11, 2017.

Among 43 global tourist destinations, Croatia was also awarded the Editor's Choice Award prize, as one of the countries with the most considerable advances in the field of improvement of tourism infrastructure, accommodation facilities and tourism development initiatives. Also, when it comes to particular forms of tourism, Croatia was particularly emphasised as a destination of film tourism.

“Croatia as a tourist destination achieves better and better results every year, and we are particularly pleased to continue working on innovations and to encourage further investments. In 2018, the Croatian tourism industry expects 15 percent higher investments than in this year, and almost 40 percent more than in 2016. Such plans are the best indicator that Croatia is not only an attractive tourist destination but also an attractive location for investments,” said Croatia’s Minister of Tourism Gari Cappelli.

The Ministry of Tourism has conducted a tourism investment survey for the next year. The poll included all counties and tourist companies, and it covered their responses which had been submitted to the Ministry of Tourism by the end of November.

According to the submitted data, the Croatian tourism will see investments worth 940 million euros in 2018. Privately-owned companies will invest around 628 million euros in their tourism projects, while the public sector, which includes counties, towns and municipalities, will spend more than 311 million euros.

The investments in the private sector include hotels, camps, nautical facilities and other types of accommodation facilities and tourist attractions, while investments in the public sector include visitor centres, beaches, promenades, etc.

According to the same survey, investments in 2017 amounted to 817 million euros, and in 2016 to 676 million euros.

Translated from tportal.hr.

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