Montenegro’s foreign tourist arrivals increase 3% y/y to 27,744 in April 2013

By bne IntelliNews May 29, 2013

The number of foreign tourists visiting Montenegro rose 2.9% y/y to 27,744 in April 2013, braking from a 14.9% increase a month earlier, the statistical office said. Total number of tourist arrivals, including domestic tourists, also recorded a sluggish annual rise of 2.4% to 32,750 in April, as domestic arrivals edged down 0.1% y/y to 5,006. Foreigners spent 106,843 overnights in in April, up 3.2% on the year.

Foreign tourist numbers rose 9.7% y/y to 69,137 in January- April while overnight stays grew 3.4% to 250,639 over the period.

In April, Montenegro was mainly visited by Serbians (15.4% share of total foreign tourists), Russians (12.2%), Italians (5.9%) and Albanians (5.2%).

The number of foreign tourists increased 5.2% in 2012 slowing from a 10.4% rise the year before. Revenue from tourism recorded a more modest increase of 3.6% to EUR 613mn over the period, according to central bank data. Nevertheless, the sector’s positive contribution to the GDP helped partially offset the decline in industrial production, transport and construction sectors. The economy thus contracted by a mild 0.5% in 2012.

The recent VAT increase, however, could negatively impact the upcoming tourism season and growth outlook in 2013. 

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