Some of the well known international hotel chains have started to
take a serious interest in Croatia, taking over the existing old hotels, or building new ones. Croatia still has
only a small number of 4 and 5-star hotels, which presents potentially good investment opportunity for
international hotel chains. After the mid 90s war, many of the then first-class hotels were left empty and
unattended. These properties now offer excellent potential for would-be hoteliers.
Another growing area is that of private, small hotels and village tourism.
Some of the enterprising locals, as well as foreigners who have moved to Croatia and bought a property, are
starting to convert their properties into small or boutique hotels. The small boutique hotels are very popular in
Europe, in particular in Austria, Germany and Italy, where there are have hundreds of such hotels.
Croatia is still in the early stages of this type of hospitality industry with
only a couple of hundred of small hotels being available. But over the ensuing years it's likely that this type of
tourist accommodation will become more widespread, not only along the Croatian coastline, but also in Croatian
Over the next 3 years the local tourism industry plans to double the current
rooms capacity. These plans include building 300 new tourist accommodation objects, including private houses,
camps, apartments and 4 and 5 star hotels. The overall emphasis will be on adding higher quality tourism
accommodation, which is still well below the potential demand.