Photo credit: Valamar

As Total Croatia News summarizes the news from Poslovni dnevnik, during the first quarter of 2018, Valamar Riviera achieved remarkably good business results due to the Easter holidays falling earlier on in the year, as well as a successful realisation of a number of events in both Krk and Dubrovnik, thus recording a 39% increase in sales revenue from 3,8 million euros to 5,3 million euros.

In line with increased demand and the active management of sales channels and prices, an impressive 106,083 overnight stays were achieved, and the average daily cost amounted to almost 50 euros, a 27% increase when compared to what was recorded in 2017. The results taken in the first quarter are not truly indicative at a year’s level, as most of the tourist traffic takes place in the second and third quarter.

As part of a three-year investment cycle up until the year 2020, worth 270 million euros, ongoing investments wroth over 100 million euros are currently being finalised, and these cash injections are an important driver of both growth and positive expectations for the upcoming season.

The key investments for this year are related to the completion of the Valamar Girandella Resort in Rabac, as well as Valamar Girandella Maro Suites 5* recently, making the opening of the very first Kinderhotel in Valamar’s rich and ever expanding portfolio. Other investments were put into the renovation of the Valamar hotel in Rab, and the continuation of investment in camps in Istria and on the island of Krk.