Vela Luka – Ostrov Korčula
News from Korčula Island

Croatia’s tourism is booming.

Several new large hotel construction projects – number of overnight stays increase further.

The tourism in Croatia is booming. For this year record takings of about 7.5 billion Euros is expected. The number of overnight stays will probably increase by three percent. This will give a fresh impetus to the privatization of hotel groups and investments into new resorts.

According to TOPHOTELPROJECTS, the worldwide leading provider of global b2b hotel data, currently twelve large hotel projects with more than 2,900 new hotel rooms are in the pipeline in the EU country.

One of the upcoming big investments is a large project in Split. The plan includes to increase the number of beds in this holiday spot to 5.000 in the medium-term. The first announcements for convenient plots from the public sector near the shore should start until mid-2014. Also a congress center is planned.

The Valamar hotel group plans large investments into new buildings and refurbishments at the Istrian peninsula, among others near Porec. One of these projects is the President Hotel (Babin Kuk/Dubrovnik) whose refurbishments works are nearly finished. In total the group plans to invest about 60 million Euros until mid-2015 and they will present offers for the privatization.

At the Adriatic island Brac a 400 million Euro project is planned for the health tourism, which should also help to extend the season. It should feature four specialty hospitals as well as several hotels. Furthermore the desused airport should be put back into operation. The health tourism is at a very early stage in Croatia. The flagship is the offer of the “Thalassotheriapie” complex in Opatija. More info