12 August 2019 - According to the latest report by the European Travel Commission, Montenegro is the 'Star of the Mediterranean' in the first quarter of this year. Cafe del Montenegro reported that Croatian Jutarnji list states that according to the European statistical data, in the first three months of 2019, Montenegro recorded increase by 29% in overnight stays and increase by 49% in tourists.
Experts are warning that Montenegro has serious comparative advantages. Interlocutors of Jutarnji list point out that Montenegro is strong thanks to investment packages.
“Licenses for investors are provided in only several months, as well as a waiver from duties. Besides, fuel for boaters is cheap,” writes Jutarnji.
State Secretary in the Ministry of Sustainable Development and Tourism Damir Davidović said in a statement for Croatian media that in the past 15 years Montenegro has been recording continuous turnover growth.
“In 2019, we opened 27 new hotels, 24 of which are four or five-star hotels. Three projects worth 3 billion euros are currently underway – Luštica Bay, the resort town with a marina near Kotor, Marina Porto Montenegro, and Portonovi project,” pointed out Davidović.
He also said that Montenegro had 43.000 overnight stays in collective accommodation facilities. Investors are offered favorable tax conditions. The VAT on hotel accommodation is 7%.
Davidović stated that Aman group was operating in Montenegro. Aman group is managing hotels on Sveti Stefan and the same investors are planning construction of another five-star hotel, as well as the highest-category hotel in Žabljak.
Read more news about traveling through Montenegro at TMN's dedicated page.