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ZAGREB (Croatia), August 11 (SeeNews) – Croatian hotel and tourism group Valamar Riviera [ZSE:RIVP-R-A] said on Tuesday it has completed the first stage of a 43 million kuna ($6.8 million/5.8 million euro) revamp of Hvar-based Lavanda hotel.With the completion of the first investment stage, Lavanda hotel has become part of the Sunny by Valamar brand, and…

ZAGREB (Croatia), July 27 (SeeNews) – Croatian tourism company Imperial Riviera [ZSE:HIMR] said on Monday it has completed 90% of an investment cycle worth 226.2 million kuna ($35.3 million/30.1 million euro) which it launched at the end of last year.  The bulk of the money, 113 million kuna, went for a revamp of the four-star Valamar…

ZAGREB (Croatia), August 5 (SeeNews) – Croatian hotel operator Valamar Riviera [ZSE:RIVP-R-A] swung to a negative consolidated EBITDA of 107.9 million kuna ($17.1 million/14.4 million euro) in the first half до 2020, from a positive 84.7 million kuna EBITDA in the like period of 2019, it said.First-half consolidated revenues fell 80.6% on the year to 133.8 million kuna in…

August 16, 2020 – As the discussion about a digital nomad visa (DNV) in Croatia gains traction, one of Croatia’s digital nomad pioneers offers her thoughts on the exciting possibilities.  Repopulating regional areas. Stopping the brain drain and youth exodus. A restaurant, apartment or tour company open year-round. The digital nomad visa can do all this…

Horwath HTL Croatia conducted a sentiment survey to monitor and assess the impact of the COVID-19 pandemic on the Croatian hotel industry. According to the results of a survey, expectations on business performance for 2020 are very pessimistic. Revenues are expected to decrease by more than 55% compared to the previous year, mainly due to…

One of the leading hotel groups in Croatia, Maistra, is one of the only hotel chains that has opened its doors to more than one hotel, in fact Maistra have opened three hotels. Maistra currently has three hotels open to accommodate domestic and foreign guests – Westin in Zagreb, Adriatic in Rovinj and Hilton Imperial…

April 18, 2020 – Who has the potential to have the best standard of living in Europe? Why one Dutch entrepreneur in Split believes it is Croatia. One of the many things I love about working at TCN is the exposure it gives me to a wide cross-section of people, opinions and backgrounds regarding Croatia. I…

ZAGREB, April 20, 2020 – Findings of a survey conducted between 6 and 9 April show that the current COVID-19 epidemic has not yet marred Austrians’ plans to spend summer holidays in Croatia, the Jutarnji List daily said on Monday.The findings of the survey conducted by the entrepreneurial advisory firm BlueRock and the Improve group…

ZAGREB, April 14, 2020 – Croatia’s commercial accommodation facilities recorded increases in tourist arrivals and overnight stays in February compared with the same month last year, of 5.4% and 11.1% respectively, according to data from the National Bureau of Statistics (DZS).Industry professionals and analysts agree that positive results could hardly be expected in the coming…

Hotel Lone in Rovinj, part of Adris Grupa’s portfolio, will most certainly face a drop in revenue this year. Press release April 8, 2020 —  One of Croatia’s larger private companies is warning of a 2020 so bad, it still cannot forecast the losses. Another cut management-level salaries to avoid layoffs. Atlantic Grupa and Adris Grupa,…