Serbia: Tourism – Belgrade charm

Three million tourists visited Serbia in 2017 with MICE offering the largest opportunities.

 

Lacking a coastal line, Serbia has focused its touristic sector in the development of spas and ski resorts. They have been neglected for the past years, but thanks to recent private sector investors keen on developing their potential the sector is experiencing a revival.

The Republic of Serbia is characterized by its multicultural history between east and the west, modern and rural environments, the boundaries of Orthodoxy and Catholicism. Serbia’s north is marked by the natural field of the Pannonian plain, wetlands, and rivers, forests and lakes. The South by its wild forests, high mountain ridges, lakes, caves and fast cold rivers. The contrast could see its future in the development of enormous tourist potential. Over 1 000 sources of thermo-mineral waters represent an immense spa potential, under-promoted and exploited. Steep mountains, almost entirely unurbanized, are hidden from the eyes of the world. These include waterfalls and rivers, natural phenomena, endemic species and many more, waiting to be adequately presented and popularized. Until then, Serbia is best known for its capital city and nightlife, while its magical territory is waiting for its moment to glitter and fascinate tourists from both the country and abroad.

Belgrade and other cities in Serbia: Belgrade is one of the oldest cities in Europe, whose past can be traced back to the Old Age. Founded by Celts. Raised at the confluence of two famous European rivers, the Sava and the Danube, has always represented a crossroads of European roads and a borderline between the East and the West. When it comes to prices, tourists in Belgrade will travel significantly cheaper than in other European capitals, although Belgrade is the most expensive city in Serbia. In addition to Belgrade, cities with more developed tourism in Serbia are Kragujevac, Nis, Subotica, and among them is Novi Sad, the administrative and cultural center of Vojvodina. Novi Sad was the capital of the Serb culture in Austro-Hungarian and the center of the Serbian national movement. Today, it is a living museum of its past and a modern city of authentic spirit, the best known for the international music festival Exit.

Development of tourism: According to the Sacen International, the International Tourist Union, in 2017, Serbia had the highest growth in tourism among the region of Southeastern Europe and the Mediterranean, with a foreign exchange inflow of EUR 1 200 million. Thanks to various positive development trends, tourism has been ranked among the most dynamic and propulsive sections of the economy, with multiple effects. Between 1990-2000 international tourist traffic increased by over 50%, while total revenues increased by almost 80%. This tourism gives a strong generator function in a wide range of activities, which is frequently involved in the economic development priorities of many receptive countries and their parts.

In Serbia, there were three million tourists in 2017, which is 12% more compared than 2016, according to the data of the Republic Institute for Statistics. According to the Tourist Organization of Serbia, of this number, there were 1.59 million (+ 8%) or 51% of the total number of guests, and foreign 1.49 million (+ 17%), or 49% of the total number of guests.

Number of guests in Serbia: Ranked by the number of overnight stays, domestic guests spent the most time in spas (38%), followed by mountain resorts (34%), while foreign guests mostly stayed in Belgrade (53%). Among domestic tourists, Vrnjacka Banja is the most popular (603 279 nights, which is 5% more than in 2016), followed by Zlatibor, Kopaonik, Belgrade, Sokobanja, while beside the capital, the most attractive are Novi Sad, Zlatibor, Kopaonik and Vrnjačka Banja.

From foreign countries, the highest number of overnight stays in 2017 was recorded by tourists from Bosnia and Herzegovina (234 758 overnight visits, which is 5% more compared to 2016), followed by tourists from Montenegro, Turkey, Croatia, Russia.

Belgrade is noted as a developing MICE goal, accomplishing a critical advance in the number of worldwide occasions. The number of global gatherings and members multiplied in the previous six years – in 2015.  52 foreign groups were composed of 11 000 members.

Belgrade hotel industry has identified MICE as a key component of future growth and will overwhelmingly rely upon the cognitive development of the Serbian economy, and also on the limit of the City of Belgrade to draw in organizations and ventures.

Agriculture and tourist activity: In the past the development of mountain villages, agriculture was dominant, and often the only function of the economy. Many other activities of the resident population, based on diverse and valuable natural and local anthropogenic resources, remained mostly on the margins of developmental events. Among them tourism which is an essential factor for the more prosperous development of these villages in Serbia.

Rural tourism in Serbia: For those who love the spirit of some past times, peace, a homemade food, rural tourism is the right choice. In Serbia, the development of rural tourism started relatively soon, and steps are being taken to create an authentic Serbian brand through the offer of rural tourism. Serbia has exceptional conditions for the development of rural tourism. Serbia rural tourism could thrive to become a multi-billion euro sector with the right strategy and financing. The World Tourism Organization recommends Serbia to develop rural tourism. However, in spite of that, there are still no material conditions for the arrival of a large number of foreigners on holidays in Serbian villages.


More Articles

  • Interview: Seamus Neely, Chief Executive, Donegal County Council

    Interview: Seamus Neely, Chief Executive, Donegal County Council

    Donegal’s FinTech Hub Develops Letterkenny designated Regional Growth Center in the National Planning Framework How do you assess Donegal’s economy?  Donegal’s economy is performing strongly, and employment is on the rise. The county has a thriving fin-tech hub, and a significant FDI track record. 75% of investors are continuously growing their operations and Donegal’s indigenous…

  • Ireland’s Regions Seek Investment

    Ireland’s Regions Seek Investment

    Interview: John Mulholland Chief Executive Laois County Council What is your economic forecast for County Laois?  County Laois has benefited from nearly 700 million euro in public national infrastructure projects over the past two decades. These projects connected Laois’ central location to Ireland’s west and east coasts. The county benefitted from its strategic location in…

  • Interview: Dr. Pat Gallagher, Chief Executive, Westmeath County Council

    Interview: Dr. Pat Gallagher, Chief Executive, Westmeath County Council

    Westmeath: In the Heart of Ireland How do you assess Westmeath’s economy? Westmeath’s two biggest towns, Athlone and Mullingar, have their own distinct economies that have developed backed by the regions central location, developed motorway network, excellent utilities, and highly educated workforce. Mullingar is one hour from Dublin by car, train or bus and has…

  • Interview: Joan Martin, Chief Executive, Louth County Council

    Interview: Joan Martin, Chief Executive, Louth County Council

    Louth County: The Land of Legends Although Louth may be Ireland’s smallest county, it has plenty to offer. It is the second most densely populated county in the nation, outside of Dublin. The majority of Louth’s population resides in its two largest towns of Drogheda and Dundalk. Joan Martin, Chief Executive of Louth County Council…

  • Interview: Moira Murrell, Chief Executive, Kerry County Council

    Interview: Moira Murrell, Chief Executive, Kerry County Council

    Kerry: A Stunning Place to Work Quality of life, the availability of a skilled workforce, ease of access, fiber-based broadband and government incentives combine to provide a positive business environment  How are Ireland’s rural regions developing?  There currently is a strong national focus on the development of Ireland’s regions and their improved interconnectivity. Kerry increasingly…

  • Interview: Daniel McLoughlin, Chief Executive,  South Dublin County Council

    Interview: Daniel McLoughlin, Chief Executive, South Dublin County Council

    How is SDCC preparing to accommodate future FDI?  SDCC is home to Grange Castle Business Park, the largest wholly owned local authority FDI site in Ireland. It has become the location of choice for world-class multinationals such as Pfizer, Microsoft, Amazon and Google. It is a world class facility with investments of over 5 billion…

  • Ireland’s Booming Data Center Scene

    Ireland’s Booming Data Center Scene

    New design and build model leads to fastest delivery of a 10 MW data center in Europe By the end of 2019, Dublin is set to outstrip London as the biggest European data center market by take-up of data center space – both colocation hubs and hyper scale self-builds. Within this thriving sector, business success…

  • Interview: Mark Foley, Group CEO, EirGrid Group

    Interview: Mark Foley, Group CEO, EirGrid Group

    Powering Ireland’s Economic Development  What advantages does Ireland offer energy intensive industries?  We have a proud history of supporting FDI in Ireland, and the nation remains the premier European country in terms of attractiveness. It started with the pharmaceutical industry, then the tech firms, and more recently the data center industry has arrived.  Ireland’s transmission…

  • Interview: Michael McAteer, Managing Partner, Grant Thornton Ireland

    Interview: Michael McAteer, Managing Partner, Grant Thornton Ireland

    Grant Thornton Ireland: Driving Business with Purpose How do you assess Ireland’s economy?  Ireland is a small and open economy that it is heavily affected by global economic events. It is the reason why our economy was severely impacted a few years ago, and is now experiencing such a strong rebound. Brexit is Ireland’s biggest…

  • At the Forefront of a Low-Carbon Revolution

    At the Forefront of a Low-Carbon Revolution

    Ireland is allocating 22 billion euro to transform into a low-carbon economy by 2050. The private sector in turn is doing its part to export its own expertise globally Martin Naughton is one of Ireland’s most prominent industrialists and philanthropists. His efforts in promoting the private sector’s contribution to peace and environmental sustainability led him…

  • Interview: Nicholas Butcher, Managing Partner, Maples and Calder Dublin, Maples Group

    Interview: Nicholas Butcher, Managing Partner, Maples and Calder Dublin, Maples Group

    Ireland Set to Become the Largest Common Law Jurisdiction in the EU Post-Brexit There is a strong initiative across the Irish legal sector to promote Ireland as a convenient and appropriate hub for international transactions  Maples Group is a leading service provider offering clients a comprehensive range of legal services for the British Virgin Islands,…

  • Interview: Martin McVicar, Co-Founder and CEO, Combilift

    Interview: Martin McVicar, Co-Founder and CEO, Combilift

    Innovative Solutions for Warehouse Management  Combilift’s space saving solutions captivate European clients, while improved safety allures US clients How is Combilift developing its business services to bring additional value to clients?  We have an established warehouse design department with nine engineers exclusively working on aiding our clients to design and create more efficient warehouses, saving…

  • Chanelle Pharma Eyes Expansion into the US Market

    Chanelle Pharma Eyes Expansion into the US Market

    Ireland is home to the world’s top pharma companies Chanelle Pharma is Ireland’s largest indigenous manufacturer of generic human and veterinary pharmaceuticals. Innovative Irish man, Michael Burke founded the company in 1983, and still leads the company today out of their headquarters in Loughrea, Co. Galway on the west coast of Ireland.  Chanelle Pharma manufactures…

  • Interview: Michael Burke, Founder and Managing Director, Chanelle Pharma

    Interview: Michael Burke, Founder and Managing Director, Chanelle Pharma

    How has Ireland’s pharma sector developed?  Nine of the ten largest pharmaceutical companies in the world are present in Ireland. The sector has matured rapidly and is a significant contributor to Ireland’s economic success. Chanelle Pharma is unique as it remains an Irish owned company, and is heavily committed to R&D and exporting to over…

  • Interview: Joe McGinley, CEO, Iconic Offices

    Interview: Joe McGinley, CEO, Iconic Offices

    Dublin’s Most Iconic Flexible Workspace Increases its Unique Property Portfolio In a complicated business world, flexible workspace solutions are a tactical advantage How do you evaluate Dublin’s property market?  Dublin is in the latter stages of a cycle, and sourcing new locations is increasingly complicated. Wealthy, primarily technology, companies are driving up prices and tenants…

  • Interview:  David McRedmond, CEO, An Post

    Interview: David McRedmond, CEO, An Post

    Building a European E-commerce Logistics Hub The development of ‘An Post Money’ and ‘An Post Commerce’ is future proofing the business for the long term How has the digital age impacted An Post’s development?  Digital communication has substituted physical letters, which translated into a fall in revenue for An Post in the letter delivery business.…

  • Interview: Anthony Smurfit, Group CEO, Smurfit Kappa

    Interview: Anthony Smurfit, Group CEO, Smurfit Kappa

    Irish Roots with Global Reach From humble beginnings as a small box-making factory in Rathmines, to becoming the first Irish multinational, Smurfit Kappa is an innovative world leader in corrugated packaging How has Smurfit Kappa evolved across the years?  We have been in business since 1934, starting out making cardboard boxes and packaging for the…

  • Interview: Mark O’Sullivan, Partner, Matheson

    Interview: Mark O’Sullivan, Partner, Matheson

     A decade after the financial crisis, Ireland retains a strong globalized business model. Corporate business investment is at record levels and collectively, US multinational investments amount to $387bn, representing 67% of all foreign direct investment in Ireland and 12% of US investment in the EU. What core facts best highlight Ireland’s role as a gateway…

  • Egypt’s banking sector remains resilient

    Egypt’s banking sector remains resilient

    Banks retain strong credit growth, profitability, funding, liquidity, and loan profiles. The sector is extremely optimistic about its growth prospects in 2019. According to a Mckinsey Egypt and Morocco are among the top emerging markets in the Middle East and North Africa region. 2016 was a particularly active year for the financial sector with the…

  • Blended Finance: The EUR 45 000 million global market

    Blended Finance: The EUR 45 000 million global market

    The OECD defines Blended finance as the strategic use of development finance for the mobilization of additional funding towards sustainable development in developing countries. Private capital is pooled with public funds to invest in projects aimed at furthering national development. This can be done in everything from infrastructure, clean energy, climate change, or poverty alleviation,…

  • Interview: Osama Bishai, Chief Executive Officer, Orascom Construction

    Interview: Osama Bishai, Chief Executive Officer, Orascom Construction

    Orascom Construction is a leading global engineering and construction contractor primarily focused on infrastructure, industrial and high-end commercial projects in the Middle East, North Africa, the United States, and the Pacific Rim for public and private clients. The Group also develops and invests in infrastructure opportunities. What is your outlook for Egypt’s economy? We see incredibly…

  • Interview: Prof Ismail Abdel Ghaffar Ismail, President, Arab Academy for Science, Technology and Maritime Transport  (AASMT)

    Interview: Prof Ismail Abdel Ghaffar Ismail, President, Arab Academy for Science, Technology and Maritime Transport (AASMT)

    The Arab Academy for Science, Technology & Maritime Transport is a regional university operated by the Arab League which runs programs in marine transportation, business, engineering and is quickly growing its curriculum to ensure recent graduates meet labor market requirements. Established in 1972, the multi-purpose & multi-task institution specialized on offering its services to Arab…

  • Interview: Ahmed Hafez, CEO, Ideal Standard MENA

    Interview: Ahmed Hafez, CEO, Ideal Standard MENA

    Ideal Standard designs, manufactures and supplies bathroom innovations for residential, commercial and institutional buildings. They operate through 47 factories around the globe, 6 of which are in Egypt’s 10th of Ramadan City. Ideal standard has had a MENA region presence since the 1960s and is celebrating its 35th anniversary in the Egyptian market. How do…

  • Interview: Basil El Baz, CEO, Carbon Holdings

    Interview: Basil El Baz, CEO, Carbon Holdings

    Carbon Holdings is a privately owned petrochemical company. They develop midstream and downstream petrochemical projects to supply the manufacturing, mining and construction sectors. They currently operate the Egypt Hydrocarbon Corporation (EHC), Oriental Petrochemicals Corporation (OPC) and are in the early stage of financing a third project Tahrir Petrochemicals Corporation (TPC).  What role do you see…