{"id":2775,"date":"2018-04-19T14:57:28","date_gmt":"2018-04-19T12:57:28","guid":{"rendered":"http:\/\/twissen.com\/?p=2775\/"},"modified":"2022-01-21T11:30:00","modified_gmt":"2022-01-21T10:30:00","slug":"bosnia-and-herzegovina-new-products-and-investments-to-boost-the-tourism-industry","status":"publish","type":"post","link":"https:\/\/twissen.com\/en\/trends-en\/destinations\/bosnia-and-herzegovina-new-products-and-investments-to-boost-the-tourism-industry\/","title":{"rendered":"Bosnia and Herzegovina, new products and investments to boost the tourism industry"},"content":{"rendered":"<p>After years of political instability and challenges, Bosnia and Herzegovina\u2019s (B&amp;H) tourism sector started to recover, also thanks to an increasingly active tourism promotional system and to the Country\u2019s effort to promote as a welcoming nation. In 2013, in fact, the <a href=\"https:\/\/www.weforum.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">World Economic Forum<\/a> (WEF) listed Bosnia and Herzegovina at the 8<sup>th<\/sup> place of the world\u2019s most friendly Countries towards tourists. Moreover, <a href=\"https:\/\/www.lonelyplanet.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Lonely Planet<\/a> has named the capital city Sarajevo as the 43<sup>rd<\/sup> best city in the world and, previously, as one of the top ten cities to visit in 2010.<\/p>\n<p>The WEF, in its <a href=\"http:\/\/www3.weforum.org\/docs\/WEF_TTCR_2017_web_0401.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">\u201cTravel &amp; Tourism Competitiveness Report 2017\u201d<\/a>, ranks Bosnia and Herzegovina 113<sup>th<\/sup> out of 136 analysed Countries for tourism competitiveness. According to the report, strong points of the Country as a tourism destination are the international openness, in particular thanks to the low number of visa required (68<sup>th<\/sup>), the number of airports that improve the accessibility to the Country (33<sup>rd<\/sup>) , the railroad density (39<sup>th<\/sup>) and the tourist service infrastructure (78<sup>th<\/sup>).<br \/>\nOn the other hand, weaker points are the price competitiveness (110<sup>th<\/sup>) along with the ticket taxes and the airport charges (114<sup>th<\/sup>), the attention paid to the environmental sustainability (94<sup>th<\/sup>) and the sustainability of the travel and tourism industry development (120<sup>th<\/sup>)<\/p>\n<p>According to the <a href=\"https:\/\/www.wttc.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">World Travel &amp; Tourism Council<\/a>\u2019s \u201cTravel &amp; Tourism Economic Impact 2018\u201d, last year the Travel &amp; Tourism industry generated a direct contribution of about 409 million euros (BAM 799.7mn), representing 2,6% of total GDP. Moreover, the total contribution (including the indirect and induced ones) was about 1.5 billion euros (BAM 2.94bn), namely 9,3% of total GDP.<br \/>\nAs reported by the WEF, last year Bosnia and Herzegovina welcomed more than 700.000 international tourists. The main origin markets were Croatia (11%), Serbia (8,9%), Turkey (10,7%), Slovenia (6,5%) and Italy (5,4%).<br \/>\nThis year, <strong>the Country is expected to welcome almost 950.000 international tourists<\/strong>, which would represent a record year for this sector. According to the <a href=\"http:\/\/www2.unwto.org\/\" target=\"_blank\" rel=\"noopener noreferrer\">World Tourism Organization<\/a>, <strong>Bosnia and Herzegovina will have the 3<sup>rd<\/sup> highest tourism growth rate at a global level in the period 1995-2020. <\/strong><\/p>\n<p>The Government is currently adopting the \u201cStrategy for Development of Tourism in the Federation of Bosnia and Herzegovina 2008 \u2013 2018\u201d, which includes some strategic goals to achieve in order to boost the tourism industry: stable political and security environment, favourable economic trends, satisfactory state of the environment, appropriate technology development and a favourable health situation.<\/p>\n<p>In 2013, in order to attract more foreign investments the Government, through the Foreign Investment Promotion Agency, released the \u201cBosnia and Herzegovina Investment Opportunities\u201d. This report promotes the Country as a \u201cnew unexplored destination\u201d and underlines the most promising segments for investments, such as ski and mountain tourism, ecotourism, wellness tourism, religious and cultural tourism, adventure tourism and sea &amp; sun tourism.<br \/>\nAs reported by <a href=\"https:\/\/aa.com.tr\/en\" target=\"_blank\" rel=\"noopener noreferrer\">Anadolu Agency<\/a>, Turkish online newspaper, on the next 25<sup>th<\/sup> and 26<sup>th<\/sup> April the capital will host the <strong>Sarajevo Business Forum<\/strong>, organised by the Bosna Bank International. The forum <strong>focuses on expanding regional economic cooperation and attracting international investment to Southeast Europe<\/strong>, and tourism is considered as a priority sector. In the meantime, Turkish consortium <a href=\"http:\/\/www.heritageturk.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Heritage Turk<\/a>, headquartered both in Hong Kong\/Beijing and in Ankara\/Instanbul is planning to invest nearly 4.2 billion euros in the construction of a tourism complex in Bosnia&#8217;s Koricani, on the slopes of mount Vlasic.<\/p>\n<p>At <strong>Twissen<\/strong> we observed that the post-conflict Bosnia and Herzegovina is still recovering some sector of its economy. Notwithstanding, tourism is considered as a fundamental key to attract foreign investments and there is room to develop several tourism products in many segments, taking advantage of the strong points of the destinations such as the welcoming business environment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After years of political instability and challenges, Bosnia and Herzegovina\u2019s tourism sector started to recover, also thanks to an increasingly active tourism promotional system.<\/p>\n","protected":false},"author":3,"featured_media":7099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[97],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bosnia and Herzegovina, new products and investments to boost the tourism industry | Twissen<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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