Tourism revenues rise by nearly 15% y/y in Montenegro

Tourism revenues climbed by 14.9% y/y (or around EUR15m) to EUR1.16bn in Jan-Sep, the tourism and hospitality association at the Chamber of Commerce’s head Katarina Kazanegra told the state TV. She noted that total revenues from services increased by 9.8% y/y to EUR1.46bn in the period. She explained that the Chamber of Commerce has assessed the tourist season as excellent with excellent results being achieved in all aspects of the tourism offer. She commended the efforts of tourism workers to extend the winter tourist season as much as possible and bring the country closer to becoming a year-round tourist destination. She called for further efforts to intensify tourism activity from mid-December to mid-January and make the most of the Christmas and New Year holidays. She added that the shortage of skilled labor remains a major challenger for the sector and called for easing the procedures for employing students.

The number of foreign tourist arrivals to Montenegro in collective accommodations (hotels, camping sites, tourist resorts, vacation facilities, boarding houses and motels) rose by 20.4% y/y in Jan-Oct. The tourism sector performed exceptionally well in the past three years and the tourist season in 2018 was officially the strongest on record. Data for 2019 so far shows that the country is heading for another record-breaking tourist season, partly because it managed to attract more tourists outside the traditionally strong summer season.

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