Croatia hotel investment on track to reach €1.2B by 2022 - total-croatia-news.com

Investment in Croatia's hotel industry is predicted to reach €1.2 billion by 2022, according to reportfrom Ernst & Young.

Croatia is set to add 6,000 new hotel guestrooms to its inventory by 2022. The market's inventory will also have an additional 3,700 renovated guestrooms by then.

Approximately 42 percent of these new guestrooms will come from investments made by Asian companies, including Russian and Turkish investors. "We have included investors from Turkey and Russia in the Asia group because most of those countries' territories belong to Asia," said Marija Noršić from Ernst & Young's Tourism Department in a statement.