July 2023 marked another successful month for Candy Brick villas in the enchanting region of Istria, Croatia.
As we delve into our rental analysis, we’ll explore the factors contributing to our continued success and the overall tourism trends in Croatia.
Istria: Croatia’s Tourism Star
Croatia’s tourism sector is booming, with impressive growth in arrivals and overnight stays.
The Minister of Tourism and Sports reported a remarkable 11 million arrivals and 55 million overnight stays in the current tourist season, representing an 11 percent increase in arrivals and more than a 5 percent surge in overnight stays compared to the previous year.
Istria stands out as the top-performing tourist region, thanks to its proximity to Central European countries and irresistible charm.
Quality Over Quantity
In a changing economic landscape and amidst inflation, tourists seek accommodations that offer a balance of quality and affordability.
Cheap-style lodgings with inflated prices have struggled to attract guests, while establishments providing reasonable pricing and high standards flourish.
At Candy Brick, we prioritize offering the best service within the price range guests pay, aligning with their desire for value for money.
Occupancy in July 2023
Our Candy Brick villas maintained an impressive occupancy rate of 95% in July 2023, a reflection of our commitment to seamless guest experiences.
Occasional 1-2 day gaps between reservations allow for thorough villa cleaning and preparation—a challenge typically faced with only a few hours between guests.
The Path Forward
The future holds both promise and challenges for the tourism market in Istria and Europe as a whole.
We are dedicated to maintaining and improving the quality of our offerings to stand out in a competitive market.
Our proactive approach includes ongoing investments and strategic actions to secure our position as the preferred choice for travelers.