WTTC report 2007 - Ada Bojana

GROWTHIN 2007, TRAVEL & TOURISM IN MONTENEGRO IS FORECAST TO SEE REALGROWTH OF:17%in TRAVEL & TOURISM INDUSTRY GDP to€212 mn (US$282 mn) for the industry directlyand 22% to €411 mn (US$548 mn)for the Travel & Tourism Economy overall(direct and indirect expenditures).13.5%in Travel & TourismINDUSTRY EMPLOYMENT (direct impact only),to 14,900 jobs, and 18.3% to 28,900 jobs in theTravel & Tourism Economy overall (direct and indirect).OVER THE NEXT TEN YEARS, MONTENEGRO’S TRAVEL & TOURISM ISEXPECTED TO ACHIEVE ANNUALIZED REAL GROWTH OF:8.6%in totalTravel & Tourism Demand,to €1,970 mn (US$2,390 mn) in 2016.8.9%in total Travel & Tourism GDP, toto €664 mn (US$808 mn) in 2017 for the industrydirectly and to €1,090 mn (US$1,320 mn) for theTravel & Tourism Economy overall.5.8%in Travel & Tourism Employment,to 26,200 jobs directly in the industry,and 4.1% to 42,800 jobs in theTravel & Tourism Economy overall in 2017.11.5%in Visitor Exports,rising to €1,360 mn(US$1,660 mn) by 2017.3.5%in terms of Capital Investment,increasing to €252 mn (US$307 mn) in 2017.4.5%in terms of Government Expendituresto €44 mn (US$53 mn) in 2017.13