The outlook for growth in the hospitality industry in Eastern Europe is bright when looked at from the hotel investment angle. Judging from the number of projects slated for completion before the end of 2018, new hotels from Budapest to Dubrovnik will be cropping up across the region.
Montenegro
A Surpising 7 Eastern European Vacation Destinations
If Paris has lost some of its shimmer for you, then how about giving one of the lesser known eastern European cities a whirl? Here’s a surprisingly entertaining and eventful seven you may not have thought of for your 2016 European getaway. Best of all, these unsung gems are some of the most cost effective city breaks you’ll find anywhere. Welcome to Eastern Europe.
Montenegro Goes Ahead With Mamula Project
In a controversial tourism move, Montenegro has made the decision to go ahead with plans to turn a former Italian fascist prison camp into a luxury resort. The former fortress on Mamula Island in the Bay of Kotor was a World War II concentration camp where dozens of local inmates reportedly died.
Bad News For Croatia Tourism: Dead Last Economics
In Croatia, not many people or officials could have predicted finally achieving EU member status would find the country worse off. This Reuters report shows the ugly side of today’s European Union economics, Croatia and other states wallowing at the bottom of the coalition’s heap.
Will Montenegro Airlines’ Boss Get Sacked?
In news from Balkans.com, Montenegro Airlines’ CEO, Zoran Djurišić will reportedly be replaced at the end of May on account of the airlines recent heavy losses. Mr. Djurišić has been at the helm of the now beleaguered airline since its creation almost 20 years ago. The airline ended 2012 on a horrendous financial note losing some €23.5 million euro. Meanwhile Ryanair appears ready to take up Montenegro traffic slack if the airline staggers or folds.