first_imgIn the first nine months of 2019, Valamar Riviera generated total consolidated revenue of HRK 2.068 million, ie an increase of 8% compared to the same period last year. This is the result of investments in high quality tourism, consolidation of the business of Hotel Makarska and Hotel Valamar Obertauern and business growth in the period before and after the season. Source / photo: Valamar Riviera At the level of the business year, Valamar Riviera expects to generate between HRK 2019 million and HRK 2.175 million in revenue in 2.200, ie to record a growth of 9,2 to 10,5 percent. Revenue growth will be accompanied by growth in consolidated operating profit (EBITDA), which will reach between HRK 750 and 760 million annually, which is an increase of 8 to 9,4 percent compared to 2018. Valamar says that they will continue investing in Croatian tourism through the implementation of a development plan of 1,5 billion kuna in the Imperial Riviera and the construction of the Pinea Hotel in the Pical area of ​​Poreč, the largest project in Croatian tourism worth 790 million kuna, which is scheduled for completion this season. 2021. After several years of increased demand for Croatia, growth has stagnated. Nevertheless, Valamar realized 6,4 million overnight stays during the first nine months of this year, which is an increase of 4,5% compared to the same period last year, while the average price increased by 5,3%. The highest sales growth was achieved in high quality products in which investments have been made over the past five years. In the 2019 season, Valamar had about 7 employees.last_img