Montenegro set to top tourism growth
Sunday 22 May 2011
Montenegro will be the world's fastest growing travel and tourism economy in the world over the next ten years, according to new research released this week.
A new report released at the Global Travel & Tourism Summit in Las Vegas suggests that the Balkan state, which is the world's newest country (having declared independence in 2006), is set for double digit growth in the coming years.
Last year, travel and tourism contributed 15.7 percent of Montenegro's total GDP, according to the research conducted by the World Travel & Tourism Council (WTTC) and Oxford Economics.
However, by 2021 the forecast estimates that this figure will have soared to over a third - some 36 percent - as the country continues to attract new visitors, with one in every three jobs being somehow related to travel and tourism in the country.
Montenegro's tourist authorities point out that there are already several ambitious hotel projects in the world from brands such as Banyan Tree, Kempinski and Hilton International, with negotiations reportedly underway with Marriott, W Hotels, Four Seasons and other leading brands.
The country is also billing itself as the new Monaco for Russia's oligarchs, with a number of 'integrated resorts' - similar to those seen in Singapore with casinos, hotels, retail and amusement parks in one complex - under construction.
Reports suggest that visitor numbers already rose 2.6 percent in the first quarter of this year, with just under 50,000 people visiting during the period.
Despite authorities' efforts to highlight Montenegro as a nature destination as well as a beach paradise, it would appear that tourists are still heading there for the sun - 71.8 percent of stays were on the coast, said Montenegro's statistics office.
The Independent travel offers: Discover a world of inspiring destinations
Actress isn't a fan of Ed Miliband
Do you qualify – and how do you get it?
- 2 Black Friday 2014: Opening times for Asda, John Lewis, PC World, GAME and Argos
- 4 Jeremy Hunt: 'I took my children to A&E because I didn't want to wait for GP appointment'
- 5 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
Rochester by-election: Labour MP Emily Thornberry resigns after posting white van and England flags tweet
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Revealed: How the world gets rich – from privatising British public services
£55000 - £65000 per annum: Investigo: My client, a global leader in their fiel...
£45000 - £52000 per annum + bonus+bens : Investigo: My client, a global leader...
£40000 - £45000 per annum + Benefits : Investigo: One of the fastest growing g...
25,000: Sphere Digital Recruitment: CRM Executive – Global Travel Brand – Luto...