In the first eight months of 2019, Croatia observed 16.49m tourist arrivals (+5.1%) and 90.1m tourist nights (+1.7%). When observing solely August, tourist arrivals amounted to 4.97m (+7.9%), while tourist nights amounted to 33.05m (+2.7%).
As the Croatian Tourist Board published their Tourism report for August 2019, we are bringing you key takes from it. According to the report, in the first eight months of this year, Croatia observed 16.49m tourist arrivals, representing an increase of 5.1% YoY. Of that, foreign tourists account for 14.71m (+4.6% YoY). German tourists traditionally lead the list with 2.37m arrivals (+4.5%), followed by Slovenian (1.33m arrivals) and Austrian (1.18m) tourist.
Meanwhile, tourist nights amounted to 90.1m, representing an increase of 1.7% YoY. Of that, foreign tourist account for 87.8%. Once again, German tourists observed the highest amount of tourist nights (16.98m), representing a slight decrease of 0.54% YoY.
Tourist Arrivals and Tourist Nights (Jan – Aug 2018 vs Jan – Aug 2019) (m)
In the first eight months, the most visited place was Rovinj, which recorded 3.33m tourist nights. Dubrovnik and Poreč follow with 3.24m and 2.85m tourist nights, respectively.
When observing the arrivals and nights realized by the type of accommodation, one can observe that private accommodation leads the list with 5.94m arrivals (+6.3%) and 34.5m tourist nights (+2.5%). Next come hotels, with 5.62m arrivals (+6.5%) and 19.4m tourist nights (+1.8%). Camps follow with 2.46m arrivals (+0.5%) and 16.2m tourist nights (-1.2%).
Tourist Arrivals by Type of Accommodation (m)
Tourist Nights by Type of Accommodation (m)
August 2019
According to the Croatian Tourist Board, in August 2019, Croatia observed 4.97m tourist arrivals, representing an increase of 7.9%. Of that, foreign tourist account for 4.58m (+7%). Meanwhile, tourist nights amounted to 33.05m, which is an increase of 2.73% YoY.
Tourist from Germany once again recorded the most tourist arrivals (0.8m) and tourist nights (6.5m).
When observing the arrivals and nights realized by the type of accommodation, one can observe that private accommodation leads the list with 2.22m arrivals (+8.7%) and 14.2m tourist nights (3%). Next come hotels, with 1.17m arrivals (+7.6%) and 5.1m tourist nights (+2.5%). Camps follow with 0.84m arrivals (+6.4%) and 6.1m tourist nights (+2%).
With this acquisition, the Group reaches a portfolio of 24 acquired companies.
MedLife published a document on the Bucharest Stock Exchange stating that they have acquired the first laboratory of pathological anatomy, Onco Team Diagnostic for an undisclosed amount.
Onco Team Diagnostic is a laboratory located in Bucharest and is one of the reference laboratories for pathological anatomy segment, providing patients with a fully automatic system of pathology, immunohistochemistry and molecular biology. To put things into a perspective, according to company representatives, in 2018 the company registered a turnover of EUR 1.1m.
With the acquisition of the majority stake in Onco Team Diagnostic laboratory, MedLife Group reaches a portfolio of 24 acquired companies, the latest one announced being Badea Medica Center in Cluj-Napoca.
As the Croatian National Bank published the consolidated balance sheet as of 31 July 2019 of the Croatian banking sector, we are bringing you its brief overview.
When observing the liabilities side, foreign currency deposits is the largest item, accounting for 38% of the total liabilities. At the end of July, they amounted to HRK 161.87bn, increasing by 2% MoM, however remaining flat YoY. Demand deposits follow, accounting for 24% of the total deposits, which amounted to HRK 99.22bn, showing strong growth of 20% YoY. Meanwhile, savings and time deposits, amounted to HRK 34.51bn, recording a decrease of 3% YoY. Note that both rise in demand deposits and a decrease in saving and time deposits could be attributed to a low interest rate environment on time deposits.
Turning our attention to the asset side of the balance sheet, loans to other domestic sectors account for the majority of the assets (52%), amounting to HRK 218.91bn (+1% YoY). Of that loans to households observed strong growth of 6% YoY, amounting to HRK 129.73bn. Meanwhile, loans to non-financial corporations amounted to HRK 84.84bn, representing a decrease of 6% YoY.