IC Market Espresso 6 Dec 2019

 
Croatian Tourism in November 2019

In November 2019, Croatia observed 0.4m tourist arrivals (+4.3%) and 1.02m tourist nights (+6.21%).

According to the Croatian Tourist Board, in November 2019, Croatia observed 0.4m tourist arrivals, representing an increase of 4.3%. Of that, foreign tourist account for 0.26m (+4.14%). Meanwhile, tourist nights amounted to 1.02m, which is an increase of 6.21% YoY. Of that, foreign tourists account for 0.65m (+4.36%).

Tourists from Slovenia recorded the most tourist nights, accounting for 7%. Tourists from Bosnia & Herzegovina and Austria follow, accounting for 6.4% and 6%, respectively. Meanwhile most tourist arrivals were observed by tourist from China accounting for 11% of foreign arrivals. 

Tourist arrivals (November 2019)

Tourist nights (November 2019)

When observing the arrivals and nights realized by the type of accommodation, one can observe that hotels lead the list with 0.3m arrivals (+4.9%) and 0.5m tourist nights (+4.1%). Such figures put hotels at 76% of total arrivals and 55% of total tourist nights. Private accommodation follows with 43,214 arrivals (+3.97%) and 0.18m tourist nights (+2.72%).

When observing the arrivals and nights realized by county, Zagreb witnessed the highest arrivals (24.06%) and tourist nights (17.9%). The county of Dubrovnik – Neretva and Split-Dalmatia follow, accounting for 13.1% and 11.5% of total arrivals, respectively. Meanwhile, when observing tourist nights, Istria and Kvarner come second and third, with 14.6% and 13.8%, respectively.

Romania’s GDP Up by 3% in Q3 2019

Romania’s National Institute of Statistics published their quarterly GDP estimates announcing a 3% YoY increase in Q3 2019. Meanwhile, an increase of 3.2% was recorded for seasonally adjusted figures.

Such an increase could be attributed to final consumption expenditure of households, whose volume increased by 5.3%, with a contribution of +3.3% to GDP growth rate. Further, gross fixed capital formation, with a contribution of 3.8%, and whose volume increased by 18.1%.

On the flip side, a negative impact on GDP growth rate had net export (-1.7%) being influenced by the volume increase of exports of goods and services, by 3.9%, in correlation with a higher increase of the volume of imports of goods and services (7.3%) and change in inventories decreasing by 2.4%.

Industry wise, a significant positive contribution to the GDP growth had wholesale and retail; motor-vehicles and motorcycles repair; transport and storage; hotels and restaurants (+0.9%), with a share of 18.4% in GDP whose activity volume increased by 5.0%. Furthermore, Construction recorded a 0.6% increase, with a share in GDP of 4.2%, whose activity volume significantly increased by 16.6%. Professional, scientific and technical activities; activities of administrative services and support services witnessed a 0.5% increase, with a share of 7.4% in GDP, which recorded an increase in activity volume by 7.6%. A significant positive contribution had the net taxes on product (+0.9%) these ones recording a volume increase of 109.5%.

On the flip side, a negative contribution to the GDP growth rate had Industry (-0.2%), with a share of 22.6% in GDP, whose activity volume decreased by 1.0%. Besides that, Agriculture, forestry and fishing recorded a 0.1% decrease, with a share of 5.0% in GDP and whose activity volume decreased by 4.1%.