RBA: Croatia tourism revenue to exceed EUR 8b this year

Increases in tourist arrivals and nights will have a positive effect on Croatia's GDP, notably consumption, and tourism revenue could exceed a record-high EUR 8 billion this year, Raiffeisenbank Austria (RBA) said in an analysis published on Tuesday.

According to the national statistical office (DZS), 16.6 million tourist nights were recorded in the first half of 2016, up 4.4% from 2015.

RBA said it expected nights to continue to grow in the remainder of the year and that 2016 was the seventh straight year in which they went up.

The DZS recently said that retail trade in June had increased for the 22th consecutive month, a record.

The reason for the growth in consumption, aside from higher salaries, are the good tourism results.

According to the central bank, last year tourism revenue increased by over 7% to a record-high EUR 7.96 billion.

Last update: Tue, 09/08/2016 - 11:31
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