Montenegro's foreign tourist number up 5.2% in 2012.

By bne IntelliNews January 31, 2013

The number of foreign tourist visiting Montenegro increased 5.2% in 2012 following a 10.4% rise in 2011, statistics office data showed. In December alone, the number of foreign tourist dropped 10.5% m/m and 3.6% y/y. In our calculations the average monthly growth of foreign tourists was 5.7% in 2012, slower than a year earlier (10.6%). The number of tourists from European countries, which represented close to 96% in total foreign tourists visiting Montenegro in Dec, edged down 0.8% y/y. The majority of tourists came from Serbia (22.9% share in total), Albania (16.5% share) and Russia (10.3%). Total foreign tourist arrivals climbed 4.8% in 2012 after rising 8.7% a year earlier. According to the government, revenues generated from the tourism sector totalled EUR 680mn or over 20% of full year GDP in the first nine months of 2012.

Montenegro's foreign tourist number up 5.2% in 2012.

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

Montenegro says to borrow EUR 220mn this year, down 12% than planned.

Montenegro's government said it decided on Thursday, March 21, to reduce to EUR 220mn from EUR 250mn the amount it plans to borrow this year for financing its budget spending and servicing ... more

Montenegro reports increased budget revenue in Q1.

Montenegro's budget revenue increased by 11.5% y/y to EUR 195mn in the period from January 1 to March 20 due to higher profit tax, social contributions and VAT inflows, news service ... more

Mobile phone penetration in Montenegro drops to 155.5% in Feb 2013.

Mobile phone penetration in Montenegro dropped to 155.5% at the end of February 2013, from 159.81% at end-Dec 2012 and 163.66% a year earlier, the latest figures of the telecommunications agency ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335

Dismiss