2014-04-03 05:07:01 - Croatia Tourism Report Q2 2014 - a new market research report on companiesandmarkets.com
The Croatia tourism report looks at a range of indicators in this burgeoning market, with inclusion in the EU and wider economic growth in key source markets providing a valuable boost to inbound travel throughout our forecast period to 2018. Outbound travel is also set to increase overall, albeit at a slower pace.
Inbound arrivals to Croatia were heavily affected by the 2008 global credit crunch, and declines continued through to 2010 when we saw arrivals reach a low of 9.1mn. Now that major markets within Europe are experiencing improving domestic economic conditions, particularly in Croatia´s top four countries for arrivals (Germany, Slovenia, Italy and Austria), we expect to see annual growth of around 5% throughout our forecast period. By 2018
we therefore expect arrivals to reach 14.1mn, impressive compared with the 2013 figure of 10.8mn. This is largely dependent on the continuing economic recovery of the EU as a whole, and any return to recession will heavily impact the Croatian tourism market. In the long term, therefore, a diversification of source markets would be beneficial.
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