Hospitality businesses more successful on coast than inland

There was total of 4,658 enterprises registered in tourism and hospitality on the Adriatic coast and another 3,604 registered inland with those on the coast generating a higher income, the FINA financial agency reported on Tuesday - World Tourism Day.

Of the enterprises registered on the coast 77% were primarily involved in providing accommodation while only 23% of the inland enterprises did so. There were 3,024 businesses inland that served food and beverages and 2,708 on the coast.

The 580 businesses providing accommodation in continental Croatia employed 4,200 workers and generated a total revenue of HRK 1.6 billion and a total expenditure of HRK 2.2 billion resulting in a net loss of HRK 565.5 million.

The 1,950 business on the coast employed about 24,000 workers with almost HRK 12 billion in revenue and expenditure of HRK 11 billion resulting in a net profit of HRK 775 million as against 674.7 million kuna of profit in 2014.

There were 3,024 inland enterprises in hospitality last year and they achieved a net profit of HRK 124.7 million which was a 73% increase compared with 2014.

On the other hand 2,700 enterprises on the coast providing food and beverages last year fared worse than in 2014 according to FINA, recording a drop of 37% in net profit which amounted to HRK 89 million.

The greatest income in food and beverages of HRK 322.1 million was generated by the Zagreb-based Global Hrana the holder of the McDonalds franchise. The most successful business on the coast in the restaurants sector was the Nautika company from Dubrovnik generating a revenue of HRK 51 million.

(EUR 1 = HRK 7.5)

Last update: Tue, 27/09/2016 - 21:25

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