Tourism revenue in Montenegro up 7.9% y/y in Jan-Jul 2011.

By bne IntelliNews September 9, 2011
The total revenue in the Montenegrin tourism sector amounted to EUR 400mn in the first seven months of the year, up by 7.9% y/y, dailynewsmontenegro.com reported quoting the tourism minister Predrag Sekulic. The revenue is expected to reach EUR 1bn by year-end. The positive result comes after two consecutive years of contraction, caused by the economic crisis and is due to constantly improving quality of products, Sekulic added. The minister projects that the growth trend will continue, especially in the number of tourists from the European Union. To stimulate the development of the tourism sector and to ensure a constant flow of tourists, Montenegro is in talks with low-cost carriers that would agree to fly to Montenegro during the whole year, not just the summer season. Sekulic added that the government will probably reach a deal with Ryanair, that has already agreed to the terms.

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