image credit: Unsplash

Horwath HTL Hotel Market Sentiment Survey: Croatia

August 18, 2020

Horwath HTL Croatia conducted a sentiment survey to monitor and assess the impact of the COVID-19 pandemic on the Croatian hotel industry.

According to the results of a survey, expectations on business performance for 2020 are very pessimistic. Revenues are expected to decrease by more than 55% compared to the previous year, mainly due to the very low occupancy levels. Hoteliers expect that crisis will last for at least 6-12 months, while full recovery is expected in mid-term.

Read More on Hospitality Net