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
- 1 Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
- 2 Christians: The world's most persecuted people
- 3 The secret report that helps Israelis to hide facts
- 4 Danish TV reporter is all business up top, all party down below
- 5 Denmark bans kosher and halal slaughter as minister says ‘animal rights come before religion’
The secret report that helps Israel hide facts
A day in the life of Vladimir Putin: The dictator in his labyrinth
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A new Russian revolution: The cracks are starting to appear in Putin’s Kremlin power bloc
Were 'Poor Doors' added to mixed developments so wealthy residents don't have to go in alongside social housing tenants?
Arizona execution lasts two hours as killer Joseph Wood left 'snorting and gasping' for air
£40000 - £60000 per annum + Pension, Healthcare : Deerfoot IT Resources Limite...
£30000 - £45000 per annum + Bonus+Benefits+Package: Harrington Starr: VB.NET a...
Unpaid voluntary role: Old Royal Naval College: To assist the Visitor Experien...
£45-£55k OTE £75k : Charter Selection: Major London International Fashion and ...