Who are the key players in Croatia Hospitality Market?

Amadria Park, Bluesun H&R, Liburnia Riviera Hoteli, Plava Laguna and Valamar Riviera are the major companies operating in the Croatia Hospitality Market. Read More

What years does this Croatia Hospitality Market cover, and what was the market size in 2023?

In 2023, the Croatia Hospitality Market size was estimated at USD 14.85 billion. The report covers the Croatia Hospitality Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Croatia Hospitality Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Hospitality Industry In Croatia Market Size

Market Size of Hospitality Industry In Croatia

Study Period	2020 - 2029
Base Year For Estimation	2023
Forecast Data Period	2024 - 2029
Market Size (2024)	USD 15.56 Billion
Market Size (2029)	USD 19.45 Billion
CAGR (2024 - 2029)	4.56 %
Major Players *Disclaimer: Major Players sorted in no particular order

Croatia Hospitality Market Analysis

The Hospitality Industry In Croatia Market size is estimated at USD 15.56 billion in 2024, and is expected to reach USD 19.45 billion by 2029, growing at a CAGR of 4.56% during the forecast period (2024-2029).

The hospitality industry in Croatia has been a significant contributor to the country's economy and a key driver of tourism. Croatia became the most prominent tourist destination due to its stunning coastline, historic cities, cultural attractions, and natural beauty. Croatia has experienced a steady growth in tourist arrivals over the years, with a significant increase in international visitors.

The country attracts travelers such as sun-seekers, history enthusiasts, nature lovers, and yacht enthusiasts. Coastal areas of Croatia are trendy during the summer, while cities like Zagreb and Zadar offer attractions and cultural experiences year-round.

Croatian cuisine has gained an essential component of the hospitality industry. Traditional dishes, such as seafood, grilled meats, and regional specialties, are popular among visitors. Culinary tourism has increased, with tourists seeking authentic food experiences, wine tours, and farm-to-table experiences.

Croatia Hospitality Industry Segmentation

The hospitality industry refers to a broad sector encompassing businesses involved in providing accommodation, food, beverages, and entertainment services to customers. It includes hotels, restaurants, bars, resorts, event venues, and other establishments that focus on ensuring a positive and enjoyable experience for guests and patrons.

The hospitality industry in Croatia is segmented by type, and segmented. By type, the market is sub-segmented into chain hotels and independent hotels. By segment, the market is sub-segmented into service apartments, budget, and economy hotels, mid and upper-mid-scale hotels, and luxury hotels. The market size and forecasts are provided in terms of value (USD) for all the above segments.

By Type
		Chain Hotels
		Independent Hotels

By Segment
		Service Apartments
		Budget and Economy Hotels
		Mid and Upper mid scale Hotels
		Luxury Hotels

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Hospitality Industry In Croatia Size Summary

The hospitality industry in Croatia plays a crucial role in the country's economy, significantly contributing to its tourism sector. The nation's appeal as a top tourist destination is bolstered by its stunning coastline, historic cities, and rich cultural heritage. This has led to a consistent increase in tourist arrivals, with a diverse range of visitors drawn to Croatia's natural beauty and cultural attractions. The industry is characterized by a mix of European and domestic brands, with major European hotel chains recognizing the potential of the Croatian market and investing in its development. These international brands bring established reputations and standardized services, attracting a broad spectrum of tourists. However, domestic brands also play a vital role, offering authentic experiences that showcase Croatian culture and cuisine, supported by government initiatives to foster local hospitality growth.

The surge in tourism has driven significant investments in Croatia's hospitality sector, leading to the development of hotels, resorts, and vacation rentals across the country. Coastal areas like Dubrovnik, Split, and Istria are particularly popular, offering a blend of historical charm and modern amenities. The strategic location of Croatia in Europe, along with improved transportation infrastructure and its EU membership, has further enhanced its attractiveness to international visitors. Despite challenges such as stringent policies and seasonal tourism, the market remains dynamic, with domestic players holding a substantial share. Key players in the industry include Amadria Park, Bluesun H&R, Liburnia Riviera Hoteli, Plava Laguna, and Valamar Riviera, all contributing to the diverse and evolving hospitality landscape in Croatia.

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Hospitality Industry In Croatia Market Size - Table of Contents

1. MARKET DYNAMICS AND INSIGHTS
1. 1.1 Market Overview
2. 1.2 Market Drivers
  1. 1.2.1 Rising Tourism
  2. 1.2.2 Digital Adoption
3. 1.3 Market Restraints
  1. 1.3.1 Labour Shortage
4. 1.4 Industry Value Chain Analysis
5. 1.5 Industry Attractiveness - Porters' Five Forces Analysis
  1. 1.5.1 Threat of New Entrants
  2. 1.5.2 Bargaining Power of Buyers
  3. 1.5.3 Bargaining Power of Suppliers
  4. 1.5.4 Threat of Substitutes
  5. 1.5.5 Intensity of Competitive Rivalry
6. 1.6 Insights of Technology Innovations in the Market
7. 1.7 Impact of COVID-19 on the Market
2. MARKET SEGMENTATION
1. 2.1 By Type
  1. 2.1.1 Chain Hotels
  2. 2.1.2 Independent Hotels
2. 2.2 By Segment
  1. 2.2.1 Service Apartments
  2. 2.2.2 Budget and Economy Hotels
  3. 2.2.3 Mid and Upper mid scale Hotels
  4. 2.2.4 Luxury Hotels