

Other reviews:"Montenegro is the new magnet for people seeking picturesque villas on the Mediterranean."
(Source: Forbes)
Tourist seasone 2005 / Facts and Figures
- It can be concluded that the projections from the Government economic politics for 2005 will be accomplished and exceeded. Number of tourists in the first nine months is higher for 16,82%, number of overnight stays for 14,71%, and revenue increased for 21,8%.
- Very high is growth rate for the number of international tourists in the first nine months - 47,26% and number of overnight stays - 31%. Ambitious projections for total number of 250,000 international tourists in 2005 will be exceeded for about 20,000 tourists, because until the end of the year in total 270,000 tourists are expected.
- According to the official data from the Ministry of Finance, in the first nine months of this year, core budgetary income is higher for 15,26% compared with the same period of the last year, in other words, about 315,2 million EUR were realized. Income from VAT in the first nine months is 143,9 million EUR and it is higher for 24,97% in comparison with the same period of the last year.
- Out of large emitting markets, already present in Montenegro for longer time, the largest growth rate is achieved by tourists from Russia +95,5%. However, very high growth rates are achieved from the markets of Central, Western and Northern Europe, which is very significant for extension of the tourist season, possible only thanks to these markets. Especially interesting is French emitting market, which made extraordinary growth this year, with excellent announcements for the next year.
- According to the Central Bank information, growth in income from tourism in the first nine months is 21,8%, and growth in number of overnight stays, according to the official data from Monstat is 14,71%, which is showing the continuation of the trend of fast growth of income achieved from overnight stays, in other words, from physical volume of traffic. Therefore, the structure of tourists is changing in accordance with planned dynamics. Also, the frequency of arrivals of tourists is growing, and average length of their stay is somewhat shorter, which is favorable trend.
- The Campaign "Register accommodation" gave extraordinary results. Different from the year before last, with 761 permits issued for private accommodation rent at the Montenegrin level, and 928 permits issued last year, this year over 4,800 renters were registered. This is about 24,000 rooms, or about 50,000 beds. Change in statutory regulation in the area of flat rate taxation and engagement of Montenegrin Tax Administration and Ministry of Tourism in the campaign realization, ended with such a good result, which in 2006 is going to be even better. However, gray economy participation is still quite significant, therefore additional measures for its reduction will be defined.
- Overall quality of the offer is noticeably better, which is also confirmed by the survey results.
- It can be concluded that every season is being additionally extended. Now it is almost certain that good visit, despite relatively bad weather conditions will also continue in the hotels in October.
- This is the result of well-designed and realized promotional campaign. This year, with the available resources, target markets and marketing instruments were well selected, so quantitative and qualitative effects of these activities are very good. Also, global tourist positioning of Montenegrin tourist product has started in this year though the international TV network CNN.
- Considering that booking of the capacities for the next year has started, for the time being, negotiations are satisfactory. Although higher quality offer and increase of the capacities to be offered at the international markets already in 2006 is expected, the impression is that many of the international partners are offering even better conditions in the contracts, reserving that way positions for the year 2007, when significant increase of the capacities and interest in Montenegro is expected.
Great influence on increased interest among the international partners has announced decrease of VAT for the accommodation in tourism to 7%.
Tourism season 2005 / Facts and figures (engish)
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