Tourism in Montenegro is predicted to continue growing rapidly
According to latest World Travel & Tourism Council (WTTC) report, Montenegro is still the number one country in the world in terms of real and long term growth in the Tourism industry.
The direct contribution of Travel & Tourism to GDP was EUR348.7mn (9.8% of total GDP) in 2013, and is forecast to rise by 12.6% in 2014, and to rise by 8.6% pa, from 2014-2024, to EUR892.4mn (17.7% of total GDP) in 2024. The total contribution of Travel & Tourism to GDP was EUR714.2mn (20.0% of GDP) in 2013, and is forecast to rise by 13.2% in 2014, and to rise by 8.8% pa to EUR1,877.3mn (37.2% of GDP) in 2024. In 2013 Travel & Tourism directly supported 14,500 jobs (8.8% of total employment). This is expected to rise by 14.0% in 2014 and rise by 5.9% pa to 30,000 jobs (16.1% of total employment) in 2024. Travel & Tourism investment in 2013 was EUR208.3mn, or 28.0% of total investment. It should rise by 14.3% in 2014, and rise by 8.7% pa over the next ten years to EUR549.6mn in 2024 (52.3% of total).