Articles
Tourism and Investment in Montenegro
by API Group Best Investment in TurkeyInvestment and Tourism in Montenegro
The current prime minister of Montenegro Duško Marković, announced that ‘’While Montenegro has consistently shown one of the fastest rates of tourism growth in the world, our challenge – a challenge that this strategy is designed to address – is not just to continue this growth, but rather to assure that it is growth which is sustainable, balanced and which brings both immediate and long term benefits to the people of Montenegro, while protecting and preserving the natural assets that are the engine of tourism growth in the first place. This we must do, and this we are doing. ‘’
Tourism in Montenegro is predicted to continue growing rapidly
Income from tourism will have to increase in level with the usual standards of pay in the EU Mediterranean countries. With a view to capacity bottlenecks on the beaches, turnover will have to be raised less via an increased number of guests and more through higher daily spending and the all-year use of as many products as possible. This calls for continuous quality improvement combined with broad diversification.
What are the opportunities of Montenegro?
- Diversity confined to a small area
- Climate and geographic location
- Natural values
- Cultural and historic heritage
- Hospitality of the local population
- Food and beverages
- A large number of SMEs
- Environment conductive to investments developed ITC infrastructure
- Political stability
- Good relations with neighbouring countries
- New emerging destination
- Close to major European capitals
- Increasing international demand for nature tourism
- Rising international demand for new (unused) tourism and MICE destinations
- Increasing international demand for a high quality
- Increasing importance and acceptability of sustainable development
- ongoing EU integrations
- development of regional tourism associations
The direct contribution of Travel & Tourism to GDP was EUR348.7mn (9.8% of total GDP) in 2013, and is forecast to rise by 12.6% in 2014, and to rise by 8.6% pa, from 2014-2024, to EUR892.4mn (17.7% of total GDP) in 2024. The total contribution of Travel & Tourism to GDP was EUR714.2mn (20.0% of GDP) in 2013, and is forecast to rise by 13.2% in 2014, and to rise by 8.8% pa to EUR1,877.3mn (37.2% of GDP) in 2024. In 2013 Travel & Tourism directly supported 14,500 jobs (8.8% of total employment). This is expected to rise by 14.0% in 2014 and rise by 5.9% pa to 30,000 jobs (16.1% of total employment) in 2024. Travel & Tourism investment in 2013 was EUR208.3mn, or 28.0% of total investment. It should rise by 14.3% in 2014, and rise by 8.7% pa over the next ten years to EUR549.6mn in 2024 (52.3% of total).
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Best Investment in Turkey
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Created on Mar 13th 2019 08:36. Viewed 351 times.
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