Tourism revenues in H1 reach EUR 2.4b

Tourism revenues in the first half of 2016 totalled EUR 2.4 billion, up 6.7% on the year, the Tourism Ministry said on Monday, citing Croatian National Bank data.

In the second quarter alone, tourism revenues totalled EUR 2.05 billion, up 5.3% on the year. The revenues were generated by foreign tourists. Minister Anton Kliman said the figures indicated the increasing importance of the shoulder season for Croatia's tourism.

He said the physical results of 2015 were surpassed in early September 2016 already and that this year would see record-high revenues which could exceed EUR 9.5 billion.

The ministry said travel and tourism revenues in the first half of this year accounted for 11.3% of GDP, up 0.2 percentage points on the year. In the second quarter of 2016, those revenues accounted for 18.1%, an increase of 0.1 pp.

Last update: Mon, 03/10/2016 - 17:18
Author: 

More from Business

Sky accepts 18-billion-pound takeover bid by 21st Century Fox

The board of British broadcaster Sky has accepted a takeover bid worth some 18 billion pounds (22.6 billion dollars...

Pilots resume negotiations with Lufthansa in long-running pay battle

Pilots working for Germany's flagship airline, Lufthansa, have returned to the negotiating table with their...

One third of big Australian companies pay no tax, tax office says

More than a third of the largest companies in Australia paid no tax in the previous financial year, according to...

Frankfurt airport test-runs new automatic immigration system

Frankfurt airport was testing out a new automatic immigration system on Thursday, the first time such a system has...

ECB meets overshadowed by threat of crisis in Italy

The European Central Bank met on Thursday to consider launching another round of monetary stimulus but the meeting...