Tuesday, 26 August 2008

Croatian Tourism (HUP Zagre, Maistra and Istraturist)

Croatian tourism continues to grow. Last year guests went up at the three key providers by 7,5% and number of overnight stays grew by 5,7%.

Maistra and Istraturist are the companies that have added the biggest capacity in past five years.

There is some speculation that Russian investors are interested in buying into the growing business. Maistra looks particularly interesting, recorded a 39% sales growth and 10% increase in average prices. The company plans open its first 'five-star plus' hotel, Monte Mulini, in Istria.

Istraturist is also enjoying a good preseason with 51,3 thousand of overnights (63% growth yoy). Its focus is on luxury villas and camps.

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